Armenpress

BORODINO TO COMPLETE INVESTMENT PROGRAM LATER THIS YEAR

YEREVAN, MAY 26, ARMENPRESS: Russian Borodino Holding said it will
complete this year a $2 million investment program into its Armenian
cannery, also called Borodino. The Armenian company was established on the
basis of a cannery in Ararat town after it was declared bankrupt. The
Russian holding bought the cannery at $3 million.
The plant will be reconstructed and furnished with new equipment and will
increase the number of its products from 23 to 30. Later this year the
Armenian Borodino will start selling its products in Armenia, United Arab
Emirates, Italy and other European countries. Presently it is sold in
Russia, Ukraine, Georgia, Belarus and the Baltic states