New glass bottle production line in Armenian factory

On November 29th, the President of the Republic of Armenia, Serzh Sargsyan, arrived in Kotayk, the Central Province, on Saturday to visit a glass bottle factory. The president visited a modern factory building and learned more about the factory's production status.
The factory invested US$44 million to update the production line, of which US$3 million came from Europe’s reconstruction of Development Bank loans. The company’s prime minister told this reporter that the company has operated for more than 20 years and its products have been sold to Armenian companies, as well as Georgia and some European countries.
The factory was built in 1989. Its main products are juice glass bottles, non-alcoholic beverages and Pingji Liquor glass bottles. The products are sold to 75 local companies and 25 foreign companies. 40% of revenue comes from overseas sales. Last year, the company earned 4 billion drams. After the new factory is established, it is expected to realize an income of 8 billion drams.
In November of this year, the company completed a modernization project that began a year ago. Now, the company can produce glass bottles and realize the precedent of no such production in China. In October 2010, the factory also established a special production line to produce polyethylene film to meet the growing demand for domestic packaging materials. There are 450 employees and the average salary is 12,000 dram.

Basic Info

Model NO.: Diameter 19mm
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Specification: 10ml
Origin: Jiangsu, China
HS Code: 39173100

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