YEREVAN, November 10. /ARKA/. 25 years ago, three friends decided to establish the company PROFAL, which today stands as a leader in the production of aluminum doors, windows, and glass structures. What began as a business with just three people has grown to employ approximately 500 staff members today.
As it expanded its production year after year, PROFAL also established a glass-processing plant in the Nairi community a facility unique to the region, boasting unprecedented production capacity.
PROFAL partners with Acba Leasing, a leader in the leasing market, whose support enabled the plant to be equipped with state-of-the-art European machinery.
“One of the keys to PROFAL’s success is our human capital. All of our employees are highly qualified, and many have been with us for years. We offer our ‘Made in Armenia’ products in some of the world’s most developed nations including the United States, France, and Saudi Arabia and this year, we expanded into the Canadian market. We also export to Russia and the Caribbean, and we are currently working on entering the Dutch market.
We have built a glass-processing plant that is unique in Armenia in terms of its scale. The project is still ongoing, and we plan to make further significant investments to continue its expansion and development.
During the plant’s construction, we learned about the programs offered by Acba Leasing and took advantage of them. We acquired nearly all of our production equipment at an interest rate of approximately 0%, which was subsidized by the government for the first three years.
Such programs drive business growth. What Acba Leasing proposed and delivered for us is truly commendable, as we could not have secured similar terms anywhere else.” “And everything you see here is the result of our collaborative work,” noted Edgar Avetisyan, CEO of PROFAL.
The company has completed over 30,000 projects in Armenia and abroad, with that number growing every year.
Find out more in the video.100% of the shares in Acba Leasing are owned by Acba Bank.
The operations of Acba Leasing are regulated by the Central Bank of the Republic of Armenia.
