Time in Yerevan: 11:07:36,   22 June

Alex Textile production increases by 308% compared to previous year

YEREVAN, MARCH 20, ARMENPRESS. Alex Textile, a company of the light industry sector, produced 773.2 million drams worth of products last year – an increase of 308% compared to the previous year, Albert Hovsepyan, an executive of the company told reporters during President Sargsyan’s visit to the production unit.

“It’s already two years since we are operating. We produce socks. Our production is also exported to Russia and other countries”, he said, adding they are planning to increase exports.

The company plans to launch production of fabric, woven clothing and home textiles, with a total of 28 million Euros, Marat Movsisyan, director of the children’s clothing factory of the company said.

He said they also plan to launch sweater production in early August of 2017.

The executives of the children’s clothing factory said they produce over 1 million units of children’s clothing yearly, all of which is exported to Russia. Alex Textile is cooperating with the Russian Children’s World retail chain, which operates over 600 stores in Russia.

The factory employs 300-350 people.

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