A new PROFAL glass processing factory has been opened in Armenia Prime Minister Nikol Pashinyan attended the opening ceremony.
PROFAL, a producer of aluminium doors and windows, has built a new glass processing factory in the industrial zone of the Nairi community. It was built from the ground up, in line with high European and American standards.
Around 20 million dollars has been invested for the construction and the acquisition of modern equipment, and a further 10 million dollars in investment is planned over the next two years. It was stressed that during the implementation of the investment programme the company has benefited from a state support instrument.
With the commissioning of the factory, 75 new jobs have already been created, and a further 100 new jobs are planned in the next phase. After the planned jobs are created, the total number of PROFAL employees will be more than 600.
Today the company’s products are exported to a number of countries, including the USA, Canada, France, the United Kingdom, Saudi Arabia and others.
80 percent of PROFAL’s output is consumed in the local market, while 20 percent goes to export. With the operation of the new factory, the aim is to change this ratio and significantly increase the share of exports.
