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Pashinyan Attends Reopening of Maralik Cotton Factory

Armenian Prime Minister Nikol Pashinyan today attended the reopening of a cotton factory in the Shirak town of Maralik.

The government granted the factory, which will produce cotton, thread and cloth scraps, a customs’ import fee waiver for equipment and raw materials.

The $ 13 million investment project is being implemented by Artik CJSC LLC.    

The factory will initially employ 120 and produce 380 tons of cotton, mainly for markets in Armenia and Russia.

Comments (1)

HAGOP
THIS IS GREAT NEWS!!!!!! MORE FACTORIES OPEN IN ARMENIA MEANS MORE JOBS, HIGHER LIVING STANDARDS, MORE TAXES FOR GOVERMENT TO COLLECT AND RE INVEST IN ARMENIA!!!!!

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