Vedi Alco (Vedi Aro, is one of the leading producers of alcoholic drinks in Armenia, located in the village of Ginevet of Ararat Province.[1] It was founded in 1956 as the Vedi Wine Factory by the government of the Armenian SSR, named after the Vedi raion of Soviet Armenia. The grapes processed by Vedi Alco are mainly from the Ararat plain as well as the Areni and Getap region of Vayots Dzor.
History
The construction of the Vedi Wine Factory was launched in 1952 and completed in 1956[2] as a state-owned enterprise. With the establishment of the factory, 2 villages around the winery have been quickly developed. First, the settlement located to the south of the winery was formed and named Nor Ughi (meaning new way in Armenian), and later another settlement was developed around the factory itself which became known as "Vedu ginu gortsaranin kits" (translates as Vedi wine factory settlement). However, the factory settlement was eventually incorporated into a separate village and renamed Ginevet under the independent government of Armenia, during the 2000s.
After the collapse of the Soviet Union, the Vedi Wine Factory was privatized in 1994 to become a closed joint-stock company.