YEREVAN, SEPTEMBER 19, ARMENPRESS.  American-Armenian investor Tigran Papikyan together with his German partner intends to launch a production of detergents in Armenia.

“Armenpress” reports they attended “Made in Armenia Expo-2016” to better familiarize themselves with the Armenian market and characteristic features of setting a business. “It is documented that in hospitals death toll among patients caused by bacteria transmission via hands is the highest. We want to launch a production of detergents in Armenia and raise the awareness among people that disinfecting hands by those preparations is a must. In Germany the death toll in hospitals caused by bacteria transmission is fourfold higher than deaths caused by car crashes”, Papikyan told “Armenpress.

He mentioned that those detergents are based on alcohol, and there is no technological innovation here. The important thing is to raise awareness among people and make the product accessible for the public. “We have decided to first cooperate with hospitals, and later with the places where people usually gather”, Papikyan said, adding that a research has revealed that the English economy suffers millions of dollars losses due to sickness among teachers and children.

Papikyan assured that if they succeed in launching the production, it will create 100-150 jobs with an investment of some millions of euroes. “I am interested in doing something in our country by developing its capacities. Besides, we can use the opportunities of the EAEU market, since the Armenian market is not so large”, the investor mentioned.

To the question what is necessary to bring to life their plans, Papikyan answered that he is still waiting for the opinion of his German partner, who is a specialist in the sphere and has similar productions in a number of European countries, as well as the Philippines. “He is familiarizing himself with Armenia, its opportunities. Everything will be clear after he shares his opinion with me”.