FURNITURE TO BE PRODUCED BY ITALIAN TECHNOLOGY IN YEGHVARD

YEREVAN, MARCH 31, NOYAN TAPAN. The Ellipse company specialized in
production and installation of security systems will set working an
enterprise on production of furniture in mid-April in Yeghvard. Gurgen
Zakarian, company’s Chairman, told journalists that modern Italian
equipments were installed in the enterprise, which will enable to
produce different kinds of furniture, including office and hotel
furniture. At the initial period 15-20 masters will work at the
enterprise and in the future their number will reach 100. According to
G.Zakarian, the furniture produced in Yeghvard will be sold both at
the home and foreign markets. It was mentioned that there is a
preliminary agreement to export the furniture to Moscow. To recap, the
annual commodity circulation of Ellipse makes nearly 2 mln dollars.