Swiss Ambassador to Armenia Lukas Gasser: Switzerland will try to contribute to a peaceful settlement of the Nagorno-Karabakh conflict without questioning the established formats such as the OSCE Minsk process
by Elita Babayan
Since the beginning of the construction season, Shen Holding, a major manufacturer of construction materials, has increased the sales of paving slabs by 50% under the Yerevan Municipality's project on improvement of the central streets of Yerevan.
The press service of Shen Holding has told ArmInfo that this year the company has sold nearly 15,000 square meters of paving slabs. Throughout the previous construction season the company sold 10,000 square meters of slabs.
Shen Holding's press service assures that the company manufactures high-strength and frost-resistant products owing to the use of high- quality materials and advanced technologies in production of the paving slabs. "If the simple service rules are kept, our products, unlike their local analogues, can last for decades.
This allows using our products in the road sections with the heaviest traffic", the source says.
Meanwhile, the information department of the Municipality of Yerevan reports that the project on improvement of the central streets of Yerevan envisages replacement of the paving slabs in the Minor Center (including the Charles Aznavour Square), as well as in the park of Davitashen administrative district. The placement (or replacement) operations will have been completed by the end of Q3 2013.
Shen Holding dates back to 1970 when the largest enterprise for state supplies of non-ferrous metals ("HayGunMet") was established. In 1995, the latter was privatized and transformed into Shen Concern CJSC. Having merged with "Huntsman Building Products" LLC and "Shen Group" CJSC, Shen Concern was converted into Shen Holding which nowadays encompasses Shen Concern CJSC, Huntsman Building Products and Shen group. Prior to 1999, Shen Holding was into importing and selling construction materials. Thereafter, the management made a strategic decision to develop Armenian manufacturing, to contribute to the development of the domestic labor market. As a result, the company established the first production facility of its own, and is nowadays a major manufacturer of construction materials in the Republic of Armenia.
In 1999, the company established the first plant to produce dry mixtures in Armenia. In 2000, the plant to produce paints and varnishes was commissioned; it was designed to manufacture environmentally friendly construction paints in conformity with international standards. In 2003, Shen Concern was granted a license by the Ministry of Economy to operate a gypsum mine, and in 2010, overburden removal on the mine started. In 2005, Shen Concern CJSC built and commissioned a new facility to produce concrete blocks for industrial and household purposes. In the meantime, other production facilities were upgraded and enlarged. In 2007 and 2009, respectively, Shen Concern commissioned Shen Textile and Shen Decor stores to sell imported goods for interior furnishing from leading European manufacturers. In 2008, Shen Concern launched construction and renovation works using both imported materials and the ones of its own production. In 2008, Shen Concern also started the implementation of architecture and design projects. Since 2012, the company has added a real estate agency to the long inventory of its activities. To-date, Shen Holding has created over 500 jobs.