In 2018, $ 3.5 million was invested in Artashat cannery "Artfood".
Within the framework of the working visit to Ararat region, Prime Minister of Armenia Nikol Pashinyan visited Artashat cannery "Artfood", where he took part in the opening of a new tomato processing line, due to which the volume of harvesting and export is expected to grow. This is stated in the government's official report.
According to the source, the company's management reported to the premier that $ 3.5 million was invested in the investment program for the modernization of the equipment and infrastructure of the plant, and the equipment of the leading Italian company Cavalieri was put into operation for the processing of tomatoes. It was also noteworthy that to date, the company employs about 1,000 employees, which exceeded the annual limitation of 25% per annum. "As a result of cooperation with small and medium-sized businesses, this year the volume of purchases of agricultural raw materials doubled, exceeding the figure of 2 billion drams. The products are exported to Russia, Georgia, Belgium, USA, Canada, England, and Kazakhstan, "the premier noted.
As for the development programs, the Prime Minister was informed that in the next 5 years the company plans to double production growth, increase the export volume 3.5 times, improve the quality of products and expand the range of production. The leadership informed the Prime Minister that today the factory has about 100 vacancies, with a salary of 90,000 drams, which are not replenished, since people do not want to lose the poverty benefit. In this regard, the prime minister noted that the government is implementing reforms in this direction, which will help change the consciousness of citizens in relation to poverty and work.