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Armenian Company Develops Investment Program For Heavy MachineBuildi

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  • Armenian Company Develops Investment Program For Heavy MachineBuildi

    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.
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