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Yenigomshyan believes in success of oppositionist movement

Representatives of Armenian Ombudsman's office visit Police department in Shengavit district and meet activist Levon Barseghyan

National Assembly of Armenia has not discussed demand to meet with delegation of parliamentarians laid down by "Daredevils of Sasoun"

US Embassy to Armenia calls for immediate release of medical personnel from seized building

"Daredevils of Sasoun" group presented details of last night's firefight: there was sabotage by Police

Yenigomshyan: Doctors are not hostages they are guarantee for satisfying conditions, laid down by Daredevils of Sasoun

Armenian Healthcare Ministry considers impossible fulfillment of armed group's demand on exchange of medical workers who were taken hostages

Yenigomshyan rings alarm: Levon Barseghyan missing since early morning

Economy Ministry of Armenia sees no reasons why Single European Sky is still close for Armenia

"Daredevils of Sasoun" provide details of overnight skirmish: Police resorted to sabotage

James Warlick: Yerevan and Baku agree to expand OSCE monitoring group in Karabakh conflict zone

Medical community of Armenia condemns "Daredevils of Sasoun" for taking 4 medical workers hostage

Police ban citizens from gathering in territory adjacent to seized Police Patrol Service Regiment building in Yerevan

Forecast: No prospects for NATO's expansion into South Caucasus

Armenian human rights defender verifying reports on mass detention of citizens

Armenian human rights defender verifying reports on mass detention of citizens

Two wounded members of armed group "Daredevils of Sasoun" sent to prison hospital

U.S. Embassy in Armenia once again issues a security message for U.S. citizens in Armenia urging them to avoid daily demonstrations

Azerbaijan's drones circling above Karabakh-Azerbaijani Line of Contact

Lives of wounded members of "Daredevils of Sasoun" Pavel Manukyan and his son in danger after past night's skirmish

Police reinforce its positions at Khoreatsi Street

Policemen's actions against Daredevils of Sasoun escalate situation even more

Armenian NSS warns that it has to take stricter actions for preventing new crimes by Daredevils of Sasoun

VTB Bank (Armenia) resumes service of transfers from card to card via Visa Direct system

Ombudsman presented his position and proposals related to events in Erebuni

View from Berlin: Establishment of Turkish bases in Azerbaijan testifies to Turkey's independent geopolitical game in Eurasia

Armenia's Police urge demonstrators to find another place to hold protests

German political analyst says Western forces may be behind orange revolutions and coup attempts in post- Soviet countries

Forecast: Eradication of ISIL and other organizations in Afghanistan, Iraq and Libya will result in spillover of war to Southern Europe, France and Germany

German political analyst: New gold war emerged, as Russia refused to accept Western model of development

Armenian Police: "Daredevils of Sasoun" have been provided with food

Alliance Party officially joins people's movement in support of "Daredevils of Sasoun" and their demands to Armenia's leadership

"Daredevils of Sasoun" group disclaims Police reports: Skirmish occurred in area of seized building not on neutral territory

Deputy Minister of Economy does not specify final date of Armenia-EU new framework agreement

Tigran Balayan: Armenia's leadership has repeatedly commented on normalization of relations with Turkey

Wounded members of "Daredevils of Sasoun" undergo surgery

Armenian Police make statement on past night's skirmish

Armenian Police: Armed group that seized Police Patrol Service Regiment has burnt three police cars in territory of seized building

Two members of armed group "Daredevils of Sasoun" wounded overnight and taken to hospital

Rebels burn two police cars on territory of seized building

Newspaper: Zhirayr Sefilyan does not refuse from the demand of Serzh Sargsyan's resignation

Oppositionists at Khorenatsi Street demand from Armenian authorities to refute information that armed groups from Chechen Republic are arrivING in the country

In H1, Anelik Bank registered growth of incoming money transfers by 26% y-o-y amid growth of outgoing transfers by 41% y-o-y

Charges pressed against three citizens for using violence against policemen in Yerevan

Founding Parliament: Helicopters of the 102nd Russian military base are on the way to Yerevan

National Security Service of Armenia reports new detentions and exposure of criminal group tied with "Daredevils of Sasoun"

Charges pressed against six citizens, another six citizens detained related to mass disorders in Yerevan

Delegation of Armenian Armed Forces General Staff travels to Minsk

National Security Service of Armenia calls on "Daredevils of Sasoun" to display their reasonableness, put down arms and surrender

Forecast: Precedent of "Daredevils of Sasoun" may spark more attempts of radical steps against authorities

Regional

Shen Holding expands its product range with inexpensive paints

  • by Elita Babayan

  • Friday, May 30, 22:34

 Shen Holding, a major manufacturer of construction materials in Armenia, has expanded its product range with inexpensive water-dispersible paints (W1 series) and latex paints (L1 series), Edgar Arakelyan, Head of Marketing at Shen Holding, has told ArmInfo. He says that all the paints manufactured by the company, both expensive and affordable, are similarly high-quality and eco- friendly paints and that their key difference is the coverage rate.       

"We seek to cover all the price segments of the paint market. This policy enables us to enhance the affordability of our products and make them accessible for the customers with different earnings", specifies Arakelyan. He says that the company's new products are already in high demand among the consumers.  "The sales of inexpensive items have already made up 30% of the sales of their expensive analogues. We expect this index to reach 50% by late 2014", he says. 
Anna Vardanyan, Corporate Secretary of Shen Holding, points out that the company has managed to reduce the prime cost of the paints owing to the advanced technologies, growth in the local raw materials and launch of a new raw material supply chain. "We have launched direct cooperation with European suppliers and we are working with them without any mediators. Direct supplies have allowed us to considerably reduce the prime cost of the products", she says.      

According to the company, the market prices of 15 liters of inexpensive water-dispersible (W1) and latex (L1) paints are nearly AMD 9,000 and AMD 14,000, respectively. Their expensive analogues (W and L) cost nearly AMD 10,000 and AMD 18,000 per 15 liters, respectively. W1 has been available on the market since early 2014, and L1 - since early May 2014. 

To note, Shen Holding specializes in producing and selling construction materials, including paints, varnishes, concrete blocks, mixed concrete, paving slabs. The company is also active in Georgia. For the moment it is forming its own base of raw materials and has the biggest gypsum quarry in the region. To- date, Shen Holding has created over 500 jobs.

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, Shen Concern was converted into Shen Holding which nowadays encompasses Shen Concern CJSC, Huntsman Building Products and Shen Group. 

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