ARMENIAN COMPANY DEVELOPS INVESTMENT PROGRAM FOR HEAVY MACHINE BUILDING
PLANT OF KRSNOYARSK

YEREVAN, APRIL 20, NOYAN TAPAN. The advisors of Ameria CJSC (Armenia)
have developed an investment program for the Heavy Machine Building
Plant (HMBP) of the city of Krasnoyarsk (Russia). The program’s
purpose is to attract invsetments to up 150 mln dollars for the
purpose of purchasing the necessary technologies and current assets
and conducting a policy of sale by lease. The program envisages
to increase annual sales to 400 mln USD by 2010. The Heavy Machine
Building Plant of Krasnoyarsk is one of the world’s leading companies
producing heavy excavators and mining equipment. In early 2000,
the plant had financial difficulties. The plant’s new management,
which is cooperating with Ameria, has started the restoration and
modernization of the existing capacities. Head of the Business Advice
Unit of the Ameria Company Gagik Sahakian said that it is envisaged
to implement an accelerated process of restoration of Krastyazhmash’s
trade mark in the near future. Ameria was founded in 1998.

The company provides services in four main spheres: business advice,
audit, accounting and tax advice, legal advice, and investment and
banking advice.

Ameria has numerous customers not only in Armenia but also in Russia
and other countries.