HEATING BOILERS PRODUCING IN ARMENIA ARE 50% CHEAPER THAN SIMILAR FOREIGN BOILERS

YEREVAN, MARCH 24, NOYAN TAPAN. Joint venture of South Korean Lotte
holding and Euroterm Armenian company, producing heating boilers, will
work with its whole capacity starting this May. As Edvard Ghazarian,
the President of Euroterm informed Noyan Tapan correspondent,
pilot series of boilers were produced in 2004. It was mentioned
that this year 3-4 thousand boilers are envisaged to be produced,
which will be sold both in internal market and exported to Russia
and Georgia. According to E. Ghazarian, the boilers assembled in
the joint venture, of parts imported from South Korea, are about 50%
cheaper than similar foreing boilers.