ArmInfo. Jermuk Group CJSC, engaged in the production of mineral water in Armenia, is investing 10.3 billion drams to organize the production of polyethylene thermal insulation film. At a meeting on June 20, the RA Government exempted the company from paying customs duties on imported technological equipment, its components and components, raw materials and materials.
As noted in the rationale for the draft decision, the company intends to establish production in the Vayots Dzor region. In addition, the company plans to purchase refrigerated semi-trailers for the export of finished products. The company plans to export 80 percent or more of its products to the countries of the European Union, UAE, USA, Georgia and other countries.
Currently, the rationale notes, there is a need to introduce plastic pallets, which are designed for the safe transportation of industrial or imported goods and materials with minimal risk of injury during transportation, which will reduce the overall weight of the cargo, minimizing the possible impact of heavy vehicles on the roads.
The customs duty exemption benefit is estimated at 576 million drams. The provision of tax benefits, the message emphasizes, will be a serious incentive for the implementation of new investment programs and, as a result, for creating new jobs, attracting investment, promoting local production and exports.
