The Armenian government recently passed a resolution to exempt the import equipment of Dragsman Cement from customs duties and fully support its construction of cement plants in the mainland. According to the investment plan submitted by the company, the total amount of the project will reach 1.9 billion Armenian drams, marking an important capacity upgrade for Armenia's building materials industry. The specific allocation of
this investment shows the clear strategic focus of the enterprise. Among them, 1.4 billion drams will be used to purchase fixed assets, 25 million drams will be used to dismantle and install equipment, 5 million drams will be used for plant construction, and another 200 million drams will be used to purchase special professional equipment. This funding structure shows that the core of the project is the introduction of modern production lines, rather than large-scale infrastructure expansion. After the
project is put into operation, the local employment situation will be significantly improved. Dragsman Cement has only 10 employees, and plans to expand the team size to 50 people after the new plant is fully operational, directly creating 40 new jobs. For a small economy like Armenia, the increase was particularly impressive in the manufacturing sector.
As a policy incentive, the total amount of tariff relief granted by the Armenian government is expected to be 40.9 million drams, which is equivalent to saving enterprises about $107,000 in import costs at the current exchange rate (382.12 drams per US dollar). This preference not only lowers the initial investment threshold of the project, but also reflects the government's determination to attract industrial investment.
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