AMSTAL building $15.4M building materials factory in Gyumri, Armenia

AMSTAL is building a factory in Gyumri, Armenia, to produce thermal insulation materials and plasterboard. The company plans to invest $15,375,000, with construction expected to complete in 3-4 months and production starting about 9 months later, creating up to 1,000 jobs.

“The company plans to invest $15,375,000 in the creation of the factory.”investin.am

• 1 source
• investin.amThanks to the investment of $15,375,000, the AMSTAL company is building a factory for the production of building materials in Gyumri.Apr 6, 2022

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