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“Alex Textile, a company engaged in light industry, produced 773.2 million AMD worth products in the past year, registering 308% increase to compare with the previous year,” Director of the socks production of the company Albert Hovsepyan noted during today’s meeting with the reporters in the production unit, which has operated for two years already, Panorama.am reports.

“The factory produces several hundreds of thousands of socks annually. 20% of the socks and tights produced by the factory are exported to Russia and to other states, the rest of the products is intended for the domestic market. We have plans to increase the exports volume,” the director said.

Marat Movsisyan, Director of the children’s clothing factory of the company informed that the in 2017 the company plans to launch fabric, woven clothing and home textile production with a total of 28 million euros investment. “We plan to launch sweater production in the beginning of August of this year with textile and fabric production to launch at the end of 2017,” he detailed.

The company produces over one million units of clothing annually.

“Our whole production is exported to Russia. Alex Textile cooperates with the Russian Children’s World store chains, which operates over 600 stores in Russia. Our goods are not still sold in Armenia, however currently we have a small volume [of clothing], which we intend to sell in Armenia. The factory of the children’s clothing began to operate one month ago. It features 300-350 workers,” Head of the children’s clothing factory of the company Zhora Movsisyan added.