GRAND HOLDING TO EXPAND ACTIVITIES

PanARMENIAN.Net
17.02.2009 18:44 GMT+04:00

/PanARMENIAN.Net/ Not all governments and spheres are subject to
direct influence of world economic crisis. This fact is proved by
Grand Holding activities, the company’s President Hrant Vardanyan
told a news conference today.

Speaking about the Masis Tabak company strategy, Hrant Vardanyan said
that a new American technology is implemented to automate tobacco
drying process.

"Besides 72 compartments, 36 more were imported this year which will
promote significant production growth," he said. "New generation
tobacco manufacturing equipment, which will be competitive in the
international market for 30 years, was purchased to the amount of
$1 million."

"A printing department, with 30 percent working capacity is opened
in confectioneries; other construction works will be finished this
year. As for waste paper, a new conveyer line is installed to provide
napkin and paper production in Armenia," Mr. Vardanyan said.

Among programs planned, he specified waste paper recycling,
construction of a dwelling house in Shengavit community, a sports
club and a church in Masis.

Also, a natural juice and vodka production will be set up.