On August 8, Armenian Economy Minister Gevorg Papoyan attended the official launch of cooperation between Armenian Tobacco Company #40;ATC#41; and Reemtsma Cigarettenfabriken GmbH, a member of the British Imperial Brands group, the ministry’s press service reported.br /
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YEREVAN, August 8. /ARКА/. On August 8, Armenian Economy Minister Gevorg Papoyan attended the official launch of cooperation between Armenian Tobacco Company (ATC) and Reemtsma Cigarettenfabriken GmbH, a member of the British Imperial Brands group, the ministry’s press service reported.
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It said in 2024-2027 more than 13 billion drams are to be invested in ATC as a result of which 200 more jobs will be created in addition to current 70 ones.
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ATC plans to produce two famous brands in Armenia.
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Product quality control will be carried out by Imperial Brands, which is in the Fortune Global list of the world's 500 largest companies.
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Armenian Tobacco Company, founded in 2017, produces tobacco products. Some 20% of the company's products are sold in Armenia, and 80% are exported. -0-
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