SALES OF MAP COMPANY'S PRODUCTS IN DOMESTIC MARKET GROW BY<br /> 20%, EXPORTS BY 50-60% ANNUALLY<br />


SALES OF MAP COMPANY'S PRODUCTS IN DOMESTIC MARKET GROW BY
20%, EXPORTS BY 50-60% ANNUALLY

  • 19-11-2008 20:00:00   | Armenia  |  Economy
YEREVAN, NOVEMBER 19, NOYAN TAPAN. MAP company (Armavir marz) has produced 3.5 million bottles of brandy and a million bottles of wines since early 2008. NT correspondent was informed by the CEO of the company Makar Petrosian that this year 80% of MAP's production was exported to more than ten countries, mainly to Russia. According to M. Petrosian, although MAP brandies have the highest prices in the domestic market: they cost from 3,000 to 500,000 drams (from about 10 to 1,650 dollars), demand for these brandies both in domestic and international markets is growing year by year. Sales of MAP wines and brandies in the domestic market increase by 20% annually, while their exports grow by 50-60%. This year the company purchased 12 thousand tons of grapes from farms, which is more by 10% as compared with 2007. MAP currently produces wines of 21 types, including Tigrani, Saperavi, Nerkeni, as well brandies of 10 types (aged for 3-40 years) such as Arame, Mashtots, Paruyr Sevak, Makar and others. MAP also manufactures tinned goods mainly sold in the domestic market.
  -   Economy