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Armenian-Iranian Joint Venture To Start By New Year

By New Year, Grand Holding's cigarette factory located in Iran will go into operation. This is what Michael Vardanian, director of International Masis Tabak, part of Grand Holding, told Armenian journalists.

Grand Holding, an Armenian-Canadian group of companies, currently includes the cigarette company International Masis Tabak (IMT) located in Armenia and the Volga Tabak joint venture in Nizhny Novgorod, Russia. So far, Grand Holding owns most shares in the Iranian facility, but the IMT...

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