Investment Opportunity in the Republic of Armenia
BISNIS Search for Partners
13 April 2005
BISNIS publishes Search for Partners leads to help U.S. companies find
partner and investment opportunities in the expanding markets of the
former Soviet Union. To receive Search for Partner leads regularly,
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This issue of BISNIS Search for Partners includes opportunities in:
– Construction Materials (drywall)
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Industry: Construction materials (drywall)
Company: Shen Concern
Country: Armenia
Shen Concern seeks a U.S. partner to establish a production facility for
dry wall. It will contribute its all existing production facilities,
well-established distribution channels, as well as financial investment
of $300,000 (USD).
For this project, it seeks an American partner who would provide
equipment for the production of dry wall as well as financial investment
of approximately $200,000 (USD).
The company has already successfully utilized BISNIS Search For Partner
Program and secured a partnership with a U.S. company for a separate
project.
In late 2004, the European Bank for Reconstruction and Development
(EBRD) aquired 28 percent of Shen Concern for an investment of 850,000
(Euros). This is the first time that EBRD has invested in a private
construction enterprise in Armenia. Shen Concern will use funds to begin
production of concrete products and other construction materials. By
April 2005, the EBRD plans to increase its share of Shen concern to 36
percent.
Shen Concern was established in 1970 as a state-owned enterprise. It was
privatized and converted into a joint stock company in 1995.
The company specializes in the production, importation, and distribution
of building materials. The company owns large building material
production and storage facilities equipped with modern machinery and tools.
Shen also has a large distribution network of building materials located
in Yerevan and other major cities. The company’s production and sales
volume in 2004 reached $2 million (USD).
The company has a business plan in English.
Shen Concern can conduct business in English.
LeadLink,
**Note**
These opportunities are provided solely as an informational service and
do not represent an endorsement by the U.S. Department of Commerce.
Verification of these leads is the responsibility of the reader.
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