YEREVAN, NOVEMBER 8, ARMENPRESS: Ashot Tovmasian, president of a Latvian TMH company, signed today in Yerevan an agreement with Armenian Menaghik company on export of Armenian perlite to the Baltic country and establishment there of a plant to process it.
The ethnic Armenian president of the Latvian company said $1.5 million will be invested in the Armenian-Latvian-Dutch company for processing of perlite, which is supposed to give first output in 2006 January. The processed perlite will be sold in Latvia and Scandinavian countries.
Tovmasian said $500,000 will be invested in another joint venture for processing of fish. The plant will be processing around 5,000 tons of fish monthly and sell the finished product in Latvia and Europe. He said there are plans to start export of Armenian mineral water to Latvia and Scandinavia.
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