Yeghvard Yeast Factory Plans To Exceed Last Year’s Production Index

YEGHVARD YEAST FACTORY PLANS TO EXCEED LAST YEAR’S PRODUCTION INDEX BY 180 TONS

Noyan Tapan
Dec 6, 2007

YEREVAN, DECEMBER 6, NOYAN TAPAN. The Yeghvard yeast factory plans
to increase its annual production to 480 tons by late 2007, which
is more by 180 tons as compared with 2006. The factory director
Arsen Khachatrian told NT correspondent that since early 2007, the
enterprise has exported 30 tons of wet and dry yeast, including 20
tons to Ukraine and 10 tons to Georgia.

Bread baking improving substance will be exported to Iran soon.

A. Khachatrian said that before 2000, the factory produced 100 tons
of wet yeast a year and occupied only 10% of the domestic market,
while since 2001, the production volume has doubled and then increased
threefold year by year and Armenian yeast currently occupies 75% of
the domestic market. New workshops were built and modern conveyers
were installed thanks to 41 thousand dollars invested by DAI company
(US) under the Armenian Agribusiness SME (Small and Medium Enterprises)
Market Development Program.

According to A. Khachatrian, there was no yeast production in Armenia
in the Soviet time, and yeast was mainly brought from Sumgait. After
the tragic Sumgait events – in 1991, the Yeghvard yeast factory
was founded.