EUROTERM STARTS PRODUCTION OF GAS WATER HEATER
ArmenPress
Oct 13 2004
YEREVAN, OCTOBER 13, ARMENPRESS: Armenian prime minister Andranik
Margarian paid a visit on Tuesday to Euroterm company that has launched
production of gas water heaters together with a South Korean Lote
company. A company representative said water heaters will be first sold
at domestic markets and later to CIS and Middle East countries. The
South Korean company has invested $500,000 in the manufacturing of
heaters and a little more was invested by the Armenian company.
The deal followed a 12 month sale of South Korean company’s products
in Armenia by Euroterm. The company assembles daily 50 heaters from
parts brought from Korea, later they will be manufactured here.