2024-04-27 19:16:04
In its session today, September 14, the government exempted “JERMUK GROUP” closed joint-stock company from import duties within the framework of the investment program implemented in the priority sector.
The raw materials imported by “JERMUK GROUP” are planned to be used for the production of polyethylene insulation film (from polyethylene raw materials), and the semi-trailers and refrigerated semi-trailers are intended to export the produced products. The company plans to export 80 percent or more of the released products to EU countries, UAE, USA, Georgia and other countries.
A capital investment of 159.9 million drams has already been made. Within the framework of the project, it is planned to invest 6.6 billion drams for the purchase of raw materials and 1.7 billion drams for the purchase of tractors and semi-trailers.
It is planned to create 32 new jobs within the framework of the investment program with an average monthly salary of up to 460 thousand drams.
The value of the goods submitted for obtaining the privilege is 8.3 billion drams. The privilege of exemption from customs duty is estimated at 102.6 million drams.