YEREVAN (Noyan Tapan)–"I hope the village–which is now under construction–will bring joy and happiness to those living here," American businessman Jon Huntsman’said during the ground-breaking ceremony for the construction of the Huntsman Village in Giumri. Jon & Karen Huntsman have provided a $10 million interest-free loan over 15 years for the construction of the Village.
The Huntsman Village will feature approximately 400 apartment units and a grade on a 9-acre site in the center of Giumri. It will be constructed within the next three years. The school is expected to go into operation this year. The project will be coordinated by the Office in Giumri set up by Huntsman.
By June 30–Huntsman Corporation will have revenues in excess of $7.5 billion–with more than 16,000 employees and facilities in 34 countries of the world. Huntsman Corporation is the United States’ largest privately held chemical company. Its operating companies manufacture basic products for the chemical–plastics–automotive–rubber–detergent–personal care–textile–high-tech and packaging industries.