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    Emil Lazarian
  • 6 years ago
    • Categories: 2018

Armenia to start producing tractors

Agriculture Monitor Worldwide
November 22, 2018 Thursday
Armenia to start producing tractors
 
 
Acting Prime Minister Nikol Pashinyan on Wednesday, November 21 met Armen Harutyunyan, the head of Beltekhnika, a Lithuanian company engaged in the production of agricultural equipment.
 
At the meeting in Yerevan, the sides discussed issues related to Beltekhnikas initiative to implement an investment project for the production of agricultural machinery such as tractors in Armenia.
 
Reaffirming the Armenian governments interest in implementing the proposed investment project, Pashinyan said it will generate new jobs in line with his governments drive for providing favorable conditions for investors.
 
Harutyunyan said they are going to produce modern farm equipment, affordable for local farmers, part of which will be exported to the European market.
 
The new plant will be created on the basis of the former Hayelectromash factory. $5-7 million will be invested in the first stage, followed by an additional investment of $10-15 million. Harutyunyan said his team will start working on its implementation as early as December 1, 2018.
 
The first plants annual output capacity is 3,000 tractors. The second plant will increase the output by additional 5,000 tractors. Nikol Pashinyan welcomed the initiative and expressed confidence that it was going to be a success story.
Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS