MosJan Posted September 10, 2001 Report Share Posted September 10, 2001 http://www.azg.am/IMAGE/200116202.jpg KOCHARIAN VISITS PLANT IN YEREVAN Armenian president Robert Kocharian visited on Saturday the Luis electrical bulbs producing factory which was marking its 50th anniversary. After being privatized by one of the Armenian tycoons Hrant Vardanian the company was renamed Grand Sun. A year and a half ago when the factory, standing idle for almost ten years, was privatized president Kocharian welcomed it saying that "if the new owner commits to resume the company's operation, to provide with jobs the former workers I will not object to selling it even at conventional price of one Dram." Kocharian also praised the company for establishing good neighborly relations with Iran, where the biggest portion of the outcome is exported. Th company's head Hrant Vardanian said that the bulbs would soon be exported to Iraq, Europe and USA. Vardanian has so far invested $3.5 million in the factory giving jobs to more than 1,000 people. © Copyright AZG Quote Link to comment Share on other sites More sharing options...
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