Belovo LLC, located in Verin Artashat, Ararat region, is a renowned producer of napkins and sanitary goods under brands like Belana, Ecca, Gola, Soloro, Lilie, and Loto Tompi. Founded in 2000, the company has grown steadily, implementing innovative technologies and modern equipment to meet the demands of diverse local and international markets, including Italy, Russia, Bulgaria, Iran, Turkey, and Serbia. With a focus on quality, sustainability, and customer satisfaction, Belovo LLC has undertaken several investments under the EU4Business-EBRD Credit Line.
To reduce energy costs and reliance on grid electricity, Belovo LLC installed solar PV panels from Luxen Solar Energy Co., Ltd. (550M) and an inverter from GINLONG TECHNOLOGIES O., LTD. (Solis-110K-5G). This renewable energy system generates substantial annual energy savings while aligning with EU environmental directives on renewable energy. The investment has also enhanced the company’s green image and energy independence.
Eligible investment cost | EUR 72,657 |
Investment grant | EUR 7,265 |
Primary energy use avoided | 370.55 MWh/year |
GHG emissions avoided | 71.90 tCO2/year |
Belovo LLC expanded its capacity for producing hygiene products by investing in a hand towel making machine (PX-Z-CS230/4) from Fujian Peixin Machine Manufacture Industry Co., Ltd. The new equipment supports higher production volumes with improved energy efficiency, helping the company meet growing customer demand.
Eligible investment cost | EUR 78,505 |
Investment grant | EUR 7,850.5 |
Belovo LLC has successfully modernized its facilities to align with innovative and sustainable practices. With ongoing improvements, the company aims to expand its market presence and further reduce its environmental impact, solidifying its position as a leader in hygiene product manufacturing in Armenia and beyond.
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