Tuesday, 12 May 2009
RA Prime Minister Tigran Sargsyan took part in the Litokol factory launching ceremony. Founded in 2007, the Company is engaged in the production of special paste and glue for ceramic-based tiles. 60% stake is held by the Armenian side and the balance of 40% - by the Italian side. Equipped with state-of-the-art technologies, currently the factory employs 35-40 people. This figure is due to increase in future.
Congratulating the owners and the staff of the factory, Prime Minister Tigran Sargsyan said that the commissioning of Litokol factory testifies that business can be expanded even amid crisis. The head of the government expressed hope that this case of Armenian-Italian cooperation will set a good example for others. On behalf of his government, Tigran Sargsyan assured that comprehensive assistance will be provided to any undertaking like this.
