1.5 million USD invested in Armenia for establishing pharmaceuticals factory

YEREVAN, MARCH 31, ARMENPRESS. The Tufenkchi Group factory will be opened in Yerevan on April 1, which will produce high quality pharmaceuticals.

Minister of economic development & investments Suren Karayan and healthcare minister Levon Altunyan are expected to attend the opening ceremony.

Tufenkchi Group will produce high quality pharmaceuticals, including painkillers, hypertension drugs, nutritional supplements, vitamins, anti-diabetic drugs etc.

More than 1,5 million USD have already been invested for this purpose.

The factory plans to produce 350-400 thousand USD worth production during 2017, create 20-25 jobs, and in the future enhance production, creating additional 50-60 jobs. The company plans to export its products to Syria, Lebanon, Jordan, Algiers, Yemen and other countries.