Armenian textile producer to modernise

GulpaAlex Textile, one of the largest textile producers in Armenia, will undertake a major modernisation and re-equipment programme this year, including the purchase of new machinery and equipment, with the help of state support.

The government is to provide customs and tax privileges to the company and its owner, well-known businessman Samvel Aleksanyan.

For the full story, see the August 2021 edition of Textiles Eastern Europe.