YEREVAN BRANDY FACTORY BUILDING UP ITS CAPACITY

ARKA
Sep 1, 2011

YEREVAN, September 1. /ARKA/. Armenian Agriculture Minister Sergo
Karapetyan, Executive Director of Vice President on Institutional
Affairs of Pernod Ricard Jean Rodesch and Yerevan Brandy Factory
Director General Ara Grigoryan met Wednesday to discuss the buildup
of the brandy factory’s industrial capacity and procurement of grapes.

The minister said that Armenian vinedressers expanded their vineyards
and introduced advanced technologies thanks to the company. They sell
their crop on contracts.

Karapetyan said that a rich grapes harvest is expected to be this
year. He finds it very important to organize procurements properly,
in time and without losses.

The minister expressed confidence that Yerevan Brandy Factory would
successfully handle it now, as before.

According to the Armenian agriculture ministry’s figures, processing
companies intend to purchase 144,000 to 155,000 tons of grapes
this year.

In 2010, 135,000 tons were bought at 124.4 drams per one kilogram. As
a whole, AMD 16.8 billion was paid to vinedressers in 2010.

Yerevan Brandy Factor was established in 1887. The present plant was
constructed in 1953. In June 1998, the factor joined Pernod Ricard
Group – an international corporation owning some widely-known brands
and the second largest alcoholic drinks maker.

The corporation acquired the Yerevan Brandy Factory via an
international tender for $30 million. ($1 = AMD 367.93).

From: Emil Lazarian | Ararat NewsPress