REOPENING CEREMONY OF DG ARMS CORPORATION’S PLANT HELD

Noyan Tapan
Sep 7, 2007

YEREVAN, SEPTEMBER 7, NOYAN TAPAN. The Armenian prime minister Serge
Sargsian on September 6 participated in the reopeing ceremony of DG
Arms Corporation’s plant, visited the workshops of the plant where
he familiarized himself with the modernization work done.

Prior to the ceremony, company employees went to the Pantheon after
Komitas and paid a tribute of respect to the memory of the former
Armenian prime minister Andranik Margarian: it was during his term of
office and with his direct assistance that the process of relaunching
the plant was initiated.

During the ceremony it was underlined that along with increasing its
production volume, DG Arms Corporation CJSC pays great attention to
improving the quality of production. With this aim, a quality control
system in line with international standards has been introduced in
the company which will help the company have a leading position in
international market.

Under the program on privatization of Neutron CJSC and Bagavan CJSC,
since April 2007 DG Arms Corporation has implemented large-scale
construction and repair work of production capacities and
administrative territories, making investments of 4.7 million dollars.

In order to update and replenish the technologies and equipment,
DJ Arms Corporation plans to import flow production chains of 22
million dollars into Armenia within the next 2-3 months, which will
allow to icrease the volume and range of its products.

According to the RA Government Information and PR Department,
S. Sargsian was assured that DG Arms Corporation will continue its
investment policy in the defence sphere by producing ammunition for
security of the Republic of Armenia.