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From importer to major manufacturer: Electriсa Group produces unique products in Armenia (video)

YEREVAN, August 5. /ARKA/. Cable ducts, metal boxes of various sizes, about forty types of lamps and more than 50 other products-this is the range of products  the Electriсa Group company offers to the market with an affordable price-quality ratio, enabling consumers to carry out both large construction projects and individual tasks.

The company’s history spans 16 years. At first, it was engaged in commercial activities and imported the products that it now produces, and then decided to open its own production, organizing the entire cycle in one place – from raw materials to ready-made solutions.

Acba Leasing is a partner of the company, with whose support the production was fully automated and furnished with modern equipment.

“It was decided that the products that we previously imported from other countries should now be produced in our country, thereby supporting the country’s economy. From the very first day of the production, we have been cooperating with Aсba Leasing, thanks to which we were able to purchase all the necessary equipment. Aсba Leasing provided us with a good opportunity to achieve our goal in a short time,” said Joseph Mirzakhanyan, Chief Engineer of the Electriсa Group.

According to him, the uniqueness of the plant is that large-scale production is organized in a small area.

“The advantage of our production line is that it can produce cable channels of any size and length. There are no analogues in Armenia. Our research shows that around the world, several lines are used to produce such a wide range of products, while we do it on one,” said Mirzakhanyan.

Electriсa Group presents its products in 7 stores. In the near future, it is planned to increase the production area and product range.

The 100% shareholder of ACBA Leasing is ACBA Bank. ACBA Leasing is overseen by the Central Bank of Armenia.-0-

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