YEREVAN, MARCH 20, ARMENPRESS. President of Armenia Serzh Sargsyan visited the Alex Textile Company on March 20.

Accompanied by minister of economic development and investments Suren Karayan and executives of Alex Textile, the President toured the production plants of the company, reviewed the investments, works towards increasing the production capacities, launching new production units with modern equipment, volumes of exports and development programs of the company, the President’s Office told ARMENPRESS.

Alex Textile, one of the leading companies in Armenia’s light industry sector, currently provides 500 jobs. According to the executives, the number will increase to 2000 through expanding the volumes of the production. The company’s management told the President the new production unit of the company which was founded in 2017 already employs 300 people.

This year the company plans to launch new productions, creating an additional 600 jobs.