Investment Opportunities in Armenia
BISNIS Armenia Update
27 April 2005
Contents:
1. Now on the BISNIS web site
2. SFP and T&T leads from Armenia
3. Press Release: U.S. Export-Import Bank
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New Reports on the BISNIS web site
Updated List of U.S. Companies in Armenia
Country Commercial Guide for Armenia, 2005
tm
Armenia: Brief Overview of Tourism Infrastructure
/0504infraam.htm
Armenia: Commercial News Update for April 2005
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BISNIS Search for Partner lead
BISNIS Search For Partners leads identify proposals by NIS companies for
long-term business cooperation in the Newly Independent States.
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 USD 300,000. 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.
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.
The company has a business plan in English. Shen Concern can conduct
business in English.
Source: BISNIS Representative in Armenia
For more information, see
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BISNIS Trades & Tender Leads
1.) Company: AAFPC JV LLC, Yerevan
Detailed Description: Long-cut pasta production line (Flour feeding
device, automatic extruder, spreading machine, pre-dryer, dryer,
semi-automatic cutting machine, semi-automatic packing equipment)
For more information, visit
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2.) Company: Gabmas LLC, Yerevan
Detailed Description: Natural gas-cylinders for passenger automobiles,
capacity 40 l to 85 l
For more information, visit
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3.) Company: Telman Nersisyan, Yerevan
Detailed Description: used equipment for winery, including grape
processing line, aging tanks, and filling and bottling line
For more information, visit
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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U.S. Export-Import Bank press release
MARCH 24, 2005
Contact: Marianna Ohe (202) 565-3206
EX-IM BANK ANNOUNCES PROGRAM CHANGES IN ARMENIA
WASHINGTON, D.C. — The Export-Import Bank of the United States (Ex-Im
Bank) has adopted changes to its cover policy in Armenia, effective
March 24, 2005, based on risk rating changes made by the U.S.
Interagency Country Risk Assessment System (ICRAS).
The cover policy adjustments are:
Armenia: Ex-Im Bank has opened for short- and medium-term programs in
the public sector.
For further information on Ex-Im Bank programs in these and other
countries, visit Ex-Im Bank’s web site at and click on
“Country Limitation Schedule” on the home page under Ex-Im Bank’s Markets .
Ex-Im Bank, the official export credit agency of the United States, is
in its 71st year of helping finance the sale of U.S. exports, primarily
to emerging markets throughout the world, by providing loan guarantees,
export credit insurance and direct loans. In fiscal year 2004, Ex-Im
Bank authorized financing to support $17.8 billion of U.S. exports
worldwide. For more information, visit
********** Forwarded by: ***************************
Ellen S. House, BISNIS Trade Specialist for Armenia
U.S. Department of Commerce
Tel: 202/482-2284, Fax: 202/482-2293
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