CHINESE COMPANY TO START ELEVATOR PRODUCTION IN ARMENIA

Chinese company Xinjiang Zheng Yi Agriculture Science and Technology Co. LLC said during a meeting with government officials in Yerevan, Armenia, in January that it plans to create an elevator assembly facility in central Armenia, ARKA News Agency reports. Armenian Minister of Economic Development and Investments Tigran Khachatryan said the ministry would provide full assistance to the investors. The facility would have a capacity of 2,000 elevators per year, with production to be organized in Armenia.