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CIS & Baltic States > South Caucasus
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Tobacco Products from Armenia Conquering World

The Armenian-Canadian company Grand Tobacco intends to invest $9 million in cigarette production before the end of 2014

The executive director of the joint venture, Samvel Saakyan, told journalists about this during a visit of the president of the republic, Serzh Sargsian, to the tobacco factory. Five point eight million dollars has already been invested. The money has been used to upgrade equipment. In particular, a German continuous production line with a capacity of 8,000...

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