VOLUMES OF EXPORT OF YEREVAN BRANDY COMPANY GROW BY 11%

ArmInfo
2010-03-15 10:42:00

ArmInfo. "Volumes of export of Yerevan Brandy Company grew by 11%",
YBC Executive Director Ara Grigoryan said to ArmInfo at March 14
press- conference dedicated to the official opening of a distillation
workshop in the town of Berd of Tavush region. According to him,
it will succeed to fully recover the volumes of brandy, produced in
the pre- crisis period, in 2012. A. Grigoryan forecasts 15% growth
of production in 2010.

When speaking of diversification of sales markets, the director
said YBC made many attempts in this direction, and some of them
were successful. However, it is still early to say about serious
achievements as regards extension of our presence in the international
market in view of the global financial and economic crisis. Russia
still remains the main sales market for YBC, that according to A.

Grigoryan, gears production to one sales market. The company will
keep on effective working on further diversification of markets for
reduction of the Armenian brandy export share to Russia and development
of new sales markets.

To note, brandy production in Armenia in 2009 reduced by 46%, and 36%
fall of production volumes was fixed just in YBC.