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Yerevan Brandy Factory Building Up Its Capacity

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  • Yerevan Brandy Factory Building Up Its Capacity

    YEREVAN BRANDY FACTORY BUILDING UP ITS CAPACITY

    ARKA
    Sep 1, 2011

    YEREVAN, September 1. /ARKA/. Armenian Agriculture Minister Sergo
    Karapetyan, Executive Director of Vice President on Institutional
    Affairs of Pernod Ricard Jean Rodesch and Yerevan Brandy Factory
    Director General Ara Grigoryan met Wednesday to discuss the buildup
    of the brandy factory's industrial capacity and procurement of grapes.

    The minister said that Armenian vinedressers expanded their vineyards
    and introduced advanced technologies thanks to the company. They sell
    their crop on contracts.

    Karapetyan said that a rich grapes harvest is expected to be this
    year. He finds it very important to organize procurements properly,
    in time and without losses.

    The minister expressed confidence that Yerevan Brandy Factory would
    successfully handle it now, as before.

    According to the Armenian agriculture ministry's figures, processing
    companies intend to purchase 144,000 to 155,000 tons of grapes
    this year.

    In 2010, 135,000 tons were bought at 124.4 drams per one kilogram. As
    a whole, AMD 16.8 billion was paid to vinedressers in 2010.

    Yerevan Brandy Factor was established in 1887. The present plant was
    constructed in 1953. In June 1998, the factor joined Pernod Ricard
    Group - an international corporation owning some widely-known brands
    and the second largest alcoholic drinks maker.

    The corporation acquired the Yerevan Brandy Factory via an
    international tender for $30 million. ($1 = AMD 367.93).



    From: Emil Lazarian | Ararat NewsPress
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