Prices for cement to low from January 2019

Director General of Multi Group concern Sedrak Arustamyan stated that with the instruction of Gagik Tsarukyan the first step of economic revolution has already been made.

“Still in September when Araratcement” plant was facing the closing danger owner of Multi Group concern Gagik Tsarukyan instructed the Board of Directors to apply new technology, ensure available prices without job cuts.

He said thousands of employees are working in the plant.

At the session of the Board of Directors Tsarukyan stated that he will invest own means for upgrading and applying new technologies in the plant and is not expecting income for the upcoming year.

He said that as far as the main impetus of economic development is construction and apartment construction in particular, the affordable cement means lower prices for apartments and available mortgage loans.

Sedrak Arustamyan stated that Tsarukyan’s instruction has been carried out, new technologies have already been applied.

Multi Group concern also voiced hope that more available electricity tariffs will be set for the plant than the existing ones.

From January 1, 2019  one tone of cement release will cost 40,000 Armenian drams including the VAT against the former 50,000 AMD.

“This step will have a multiplicative impact on the economy,” he stated, adding that this is Gagik Tsarukyan’s first step of economic revolution.