"Jermuk Group," Armenia’s leading mineral water producer, has been granted significant tax exemptions to implement a large-scale investment program.
The government of Armenia approved a decision on November 15 to exempt the company from customs duties on the import of new equipment as part of its modernization initiative, valued at $25.2 million.
As part of the program, "Jermuk Group" plans to significantly upgrade its vehicle fleet. The investment includes the acquisition of ten state-of-the-art DAF XF 480 FT tractor units and an equal number of Krone SDP 27 eLG50-CS refrigerated semi-trailers. This will substantially enhance the company’s logistics capabilities.
The modernization of transport infrastructure will enable "Jermuk Group" to improve the quality of its export operations and expand its range of transport services.
