Sat, 17 January
-1.9 C
Yerevan
USD: 379.99 RUB: 4.88 EUR: 441.32 GEL: 141.01 GBP: 509.41

Metalworking plant with unique equipment established in Armenia with the support of Acba Leasing (video)

YEREVAN, January 10. /ARKA/. Eldesco Company has opened a metalworking plant in Armenia with unique equipment, capable of manufacturing structures of any complexity, as well as various metal products.

The company’s production facility is equipped with the best and most powerful equipment available on the market, which allows automating the work process from metal acceptance to finished products, all under one roof.

The company’s partner is Acba Leasing, with the support of which the equipment capable of ensuring the best quality was purchased.

“The production is new, the selection of equipment took about a year. It was difficult, there was no experience, there was no similar practice in Armenia. We tried to create the concept of the plant  together with local and foreign specialists. The plant operates on a fully closed cycle. The whole way from metal production to the final product is realized here. All equipment was manufactured in 2022 and 2023. With the support of Acba Leasing we were able to purchase the full set of equipment. A unique company has been created in Armenia, which is able to fully cover the most complex and market-demanding tasks in the field of sheet metal processing,” says Vahe Parsamyan, the owner of Eldesco

Two years ago, Eldesco had  decided to engage in growing artificial crystals. Now  it is working on crystals related to  metal parts.

Acba Bank is a 100 percent shareholder of Acba Leasing. Details are in the video. Acba Leasing is controlled by the Central Bank of Armenia. -0-

spot_img

POPULAR

Market capitalization increased by 6.29% in December to approximately 467 billion drams – Armenia Stock Exchange

 Armenia Stock Exchange (AMX) has summarized the trading activity for December 2025. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Ministry of Finance has identified cases in which the 2% cashback will not be awarded for payments made with ArCa cards

The Armenian Ministry of Finance has clarified which non-cash transactions made with ArCa payment system cards will not be eligible for cashback.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro and U.S. dollar decline against Armenian dram

The average market exchange rate for the US dollar to the Armenian dram on the Armenian foreign exchange market as of January 9, 2026, fell by 0.18 points compared to January 8, to 381.21 drams.

LATEST NEWS

spot_imgspot_imgspot_img