Armenian shoe factory cooperating with Adidas enters Russia

The Factory of Sports Shoes Yegvarda Company will partly move to Russia. On May 10, the Armenian government prolonged the temporary export regime for the company until March 16, 2015, News.am reports.

The company purchased equipment to produce 600,000 pairs of shoes in 1988, cooperating with Adidas.

It used materials of Bayer (Germany). The company suffered from lack of sales, because the population preferred cheaper footwear from abroad after the collapse of the Soviet Union.

The company started production in Obninsk (Russia). Some machines were brought there in 2011.