PEPSI PLANT TO BE BUILT IN COMING TWO YEARS IN ARMENIA

YEREVAN, JULY 26, NOYAN TAPAN. The official representative of
American Pepsi company in Armenia, Jermuk Group CJSC, will built a
plant producing Pepsi drink in the coming two years in Armenia. As NT
correspondent was informed by Adviser to Jermuk Group CJSC Chairman,
Edgar Ghazarian, this right was given to Jermuk Group by the PepsiCo
company. In his words, the place to built the plant is clarified
at present.

As he said, starting 2002, Jermuk Group imports Pepsi’s production
to Armenia from plants producing Pepsi in Russia and Georgia. After
building its plant Jermuk Group will stop to import Pepsi from the
above mentioned countries.

By the way, Jermuk Group CSJC is also the official representative
in Armenia of Russian Baltika and German Bavaria companies producing
beer. In E.Ghazarian’s words, though beer of local production is of
much demand on the Armenian market, there are consumers who prefer
foreign beer. E.Ghazarian also said that as compared with the first
six months of the previous year, in 2006 exports of Pepsi, Baltika
and Bavaria have increased three times.