# Beltekhnika plans agricultural machinery plant in Armenia

Lithuanian company Beltekhnika presented an investment project to establish agricultural machinery production in Armenia, with a new factory to be built on the basis of Hayelektromash. First-stage investment of USD 5-7 million is planned, with work starting December 1, 2018.

- Type: New facility
- Announced: 2018-11-20
- Where: Yerevan, Armenia, Armenia
- Value: $5.00M
- Status: announced
- Capacity: 3,000 trucks annually in first stage, increasing to 50,000 in second stage
- Products: agricultural machinery, trucks
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Beltekhnika](https://endata.com/companies/19254.md)

## Sources

- [armenpress.am](https://armenpress.am/en/article/955213), 2018-11-20: "In the first stage investment of 5-7 million USD is planned, afterwards, in the 2nd stage 10-15 million USD will be invested."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.