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This Year Euroterm Plans To Increase Sales By 20%

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  • This Year Euroterm Plans To Increase Sales By 20%

    THIS YEAR EUROTERM PLANS TO INCREASE SALES BY 20%

    Arminfo
    2007-04-17 16:40:00

    This year the producer of Noyan juice, Euroterm, is going to increase
    its sales by 20%.

    The director general of Euroterm Vahe Kazaryan says that in 2006
    the company's trade turnover grew by 5% totalling 2.032bln AMD or
    $5.2mln. The sales of Noyan grew by 15%.

    The share of the export in the company's trade turnover made up 42%,
    the share of Noyan juice - 60%. Euroterm exports juices and canned
    fruits and vegetables to Russia, the United States, Ukraine, France,
    UAE, Sweden and Belgium and is going to enter the Georgian and Kazakh
    markets. This year Euroterm is going to take part in a big exhibition
    in Kazakhstan and to find a potential distributor in that country. The
    company was going to enter the Kazakh market last year but was busy
    with changing the design of Noyan Premium Segmentium.

    On Apr 15 Noyan lunched a new Swedish filling line worth 700,000 EUR
    with a capacity of 5,500 liters an hour. In May the company is planning
    to borrow money from a European bank so as to buy more equipment and
    to increase its production of canned vegetables and fruits.

    Presently, the company cans 7 types of vegetables, 22 types of fruits
    and 16 tastes of Noyan juice. Fruits and vegetables are bought mostly
    in Armenia and nagorno-Karabakh, with exotic ones imported from Israel,
    India and other countries. In 2006 the company bought 50 h in Armavir
    region and planted apricot and peach over 30 h. Presently Euroterm is
    negotiating with ecological inspectors with a view to have ecologically
    clean harvest in three years. This year the company is not planning
    any changes in its prices.

    Kazaryan says that there are almost 40 brands on Armenia's juice
    market, 7-8 of whom are active importers and 6 are local companies. He
    notes that one Armenian drinks 3-4 liters of natural juice a month. In
    Germany this index makes 40 liters, in Russia 7-8 liters. So, it turns
    out that the more developed the country the more juice it consumes. In
    the next 5-6 years the per capita juice consumption in Armenia will
    grow to 15-20 liters.

    To note, Euroterm was set up in 1998 and started exporting its products
    in 2000.
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