From idea to big Armenian furniture business: Roots Furniture

YEREVAN, 11 December. /ARKA/. Roots Furniture, a family-owned furniture manufacturing company, which is better known to consumers with the Acobian Furniture brand, has more than 20 years of history: all traditions were passed down by the grandfather of the company’s director Levon Steapanyan.

The manufacturing is carried out without emission of waste, a special dust removal system has been installed to collect sawdust on the territory of the factory and turn it into fuel, this way solving also the issue of heating.

Roots Furniture’s partner is Acba Leasing, with whose assistance the company has purchased solar panels and added specialised technology, expanding and automating production and zeroing out electricity costs, according to the Acba Bank press office.

‘Years ago, by delving into automation, robots and robotics, I was able to combine traditional manufacturing with new technologies. That’s how I created automated furniture production, ensuring quality and prices below cost. The fourth industrial revolution is about ‘smart’ devices, the culture of which we are trying to bring to Armenia: the arrival of ‘smart’ equipment should take place through similar productions. As a result of co-operation with Acba Leasing we have acquired new technologies, large hoovers for waste recycling, kiln, dryers and solar panels, making production faster, of higher quality and with minimal errors. Acba Leasing has been very easy to work with,’ said Levon Stepanyan, Director of Roots Furniture.

Roots Furniture products are currently available in several dozen shops in Armenia. Now the company exports its furniture only to Russia, and in the future it intends to expand the geography of exports.

The 100% shareholder of Acba Leasing is Acba Bank. Acba Leasing is supervised by the Central Bank of Armenia. -0-

spot_img

POPULAR

ARKA news agency launches special project about its products and services to celebrate its 30th anniversary

To celebrate its 30th anniversary, ARKA News Agency has launched a new special project dedicated to its products and services.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 22, 2026, decreased by 0.21 points compared to April 21, to 372.38 drams.

Armenian commercial banks paid 28.65 billion drams in various taxes in Q1

All 17 Armenia-based commercial banks are included in the list of the 1,000 largest taxpayers in the first quarter of 2026, having paid a total of 28.65 billion drams to the state budget, according to data released today by the State Revenue Committee.

Sona Ishkhanyan elected Chairperson of Acba Bank Board

Sona Ishkhanyan has been elected as Chair of the Acba Bank Board.  

Euro, USD and ruble drop  against Armenian dram

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 28, 2026, decreased by 0.16 points compared to April 27, to 371.4 drams.

LATEST NEWS

spot_imgspot_imgspot_img