YEREVAN.- Armenian Golden Grape Armas company has invested 15 million euro in construction of brandy factory in Aragatsotn region.

The opening ceremony of the factory was attended by President Serzh Sargsyan, Armenian News-NEWS.am correspondent reports. Company’s owner Armen Aslanyan said they have stocked 1,000 tons of grapes out of which 400 tons are harvested from the company’s vineyards. Grapes were purchased from farmers on average for 140 AMD per kilo.

The factory is equipped with hail suppression stations to protect the crop.

The company has already reached export arrangements with American, European and Russian clients.