Semko CIS to invest $11 million in Armenia

Semko CIS to invest $11 million in Armenia

The Armenian company Semko CIS was awarded the status of resident company at the Alliance free economic zone after it has pledged to invest $11 million in the next five years into the production of printing materials with high level of protection. 

Later, the company plans to begin manufacturing of machines and equipment for the production of these products.

The company plans to work not only in Armenia, but also in other EEU countries. In 12 months it plans to export $2.5 million worth products and increase it to about $8 million in the next 5 years, ARKA reports.