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Sugar Plant of Sevan to Double its Production This Year

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  • Sugar Plant of Sevan to Double its Production This Year

    SUGAR PLANT OF SEVAN TO DOUBLE ITS PRODUCTION THIS YEAR

    SEVAN, MARCH 31, MOYAN TAPAN. The CJSC Sugar Plant of Sevan, which is
    the only company in Armenia that produces granulated sugar, is
    planning to produce 5-7 tons of granulated sugar this year, which is
    twice the amount produced last year. The company's director general
    Armen Arakelian told NT correspondent that the plant meets 5-7% of the
    domestic demand amounting to 100 thousand tons.

    According to A. Arakelian, granulated sugar is of strategical
    importance, so the state should assist with its production. There are
    currently some obstacles, in particular related to the estimation of
    customs value and the collection of a 10% customs duty from raw
    sugar. A. Arakelian pointed out the necessity of legislative
    amendments so that raw sugar imports will not be liable to customs
    duties. A. Arakrlian noted that at present, the local sugar beet is
    not used in sugar production. It is envisaged to make capital
    investments and install equipment to process local raw materials. He
    said that in this case the company will provide assistance to farms
    for organizing the production of sugar beet.
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