Among the many garment manufacturing companies in Armenia, there are some that stand out for their quality and service. Here are a few of them.
1 Copper ores and concentrates
Metallurgical processing is a key component of the economy of the Republic of Armenia. The mining industry has been expanding steadily for years. In 2005, 17 mining and metallurgical enterprises were operating in the country. These include the Alaverdi smelter, which is the largest in the region.
The government of Armenia is committed to environmental assessments of all mining projects. The Ministry of Energy and Nature Resources issues mining licenses and regulates the sector. The government has recently approved a number of laws aimed at improving the environment in the mining sector. These include the law on concessions of 2003 and the new Subsoil Code, which is undergoing revision.
The mineral sector accounts for the largest share of exports. In 2006, the mining sector contributed 2.6% to the GDP of the country. Despite the fact that mining is a growing part of the economy, there are a number of issues that need to be addressed. Some of these include poor mineral recovery rates and environmental impacts.
The country has significant deposits of silver, gold, lead, zinc, and molybdenum. Although copper ores are the main exported goods, the country also produces semi-manufactured products such as aluminum foil. Its diamond processing industry is also important. The government has introduced a tax on the use of natural resources. This tax varies depending on the profitability of the enterprise.
The mining and metallurgical sector is regulated by the Law on Concessions of 2003 and the Ministry of Energy and Nature Resources. In addition, the mining sector has received financial support from international donors. It is expected that the industry will continue to grow. Several companies are planning to develop other mineral deposits in the country.
The main commodities Armenia exports are copper ores and concentrates, iron ferroalloys, alcoholic beverages, ready-made food products, tobacco, and jewelry. The top five exports account for more than half of the total revenue. The value of these exports increased by 18.3% in 2020. The exports of non-precious metals were worth $228 million in 2020.
The country’s trade deficit increased by 14.4% from 2020 to 2021. The structural trade deficit is estimated at 9.9% of the GDP. In the first 10 months of 2021, imports decreased by 17.3% and exports increased by 38.5%.
2 Alcoholic beverages
IMARC Group has done multiple projects on the global alcohol beverages industry and regional East Africa. It also specializes in management strategy and consulting for companies of all sizes.
In addition to offering market research, IMARC Group has also developed management systems and strategies for clients worldwide. The company’s product offerings include a wide range of beverage packaging solutions, including bio-degradable and recyclable packaging. It also offers a variety of international trade and logistics services. In fact, the company is responsible for the expansion of several of its clients’ businesses.
The alcoholic beverages industry is one of the world’s fastest growing industries. The value of the sector is estimated to reach US$ 1,756.3 Billion by 2027. Despite the strong growth, the market is also expected to see significant challenges. The industry has been plagued by a number of negative factors, such as increasing demand for healthier and environmentally friendly products. It has also been a victim of a secular decline in volume sales in developed countries. In order to overcome this challenge, leading players are investing in innovation and premiumization. They are also introducing innovative packaging technologies to differentiate their beverages from their competitors.
In addition to launching innovative beverages, the top players are also experimenting with new organic and sustainable ingredients. As a result, the sector will see more unique beverages in the years to come.
The alcoholic beverages industry has a well-defined supply chain. The system involves a wholesaler to a retailer to a consumer. It is important to remember that two out of five US$ spent on alcoholic drinks is attributable to consumption away from home.
The largest segment of the industry is bottled water, followed by juice and soft drinks. These segments are expected to record a CAGR of 6.2% through 2027. However, the value of the non-alcoholic beverages industry is expected to rise by 6.2% CAGR during the same period. The top five regions for NAB industries are the United States, Europe, Asia Pacific, South and Central America and the Middle East.
The alcoholic beverages industry has seen the most technological advances in recent years, such as new e-commerce and social networking platforms. However, the industry is still undergoing challenges due to increasing regulatory and tax burdens.
3 Cigarettes and cigars
Among the exports of the Republic of Armenia, cigarettes and cigars rank in the top ten. In fact, they are the top-ranked and most valuable product group, as measured by total revenue. These two products have been around for centuries, but they are still popular today. For instance, the Mayan and Aztec civilizations were among the first to use cigars as offerings to the gods. They were also used for recreational purposes.
Tobacco has been around for centuries, and the ancient Mayans used cigars to help them with their mental health. Tobacco is actually a very fine product, but it is not easy to make. In addition to being expensive, it requires the skill of a master blender to produce the perfect smoke. As a result, a significant amount of the country’s revenues are spent on packaging, which is why it is so important to do it right. A good tobacco manufacturer is like a fine wine.
There are several reasons why cigarettes and cigars deserve their place in the octonary, but the most compelling reason is that these products have a higher market value than most other products of their ilk. For instance, in the US, there are more than 2 billion cigarettes consumed per year. As a result, the United States is the world’s largest importer of tobacco. Its main competitors are the EU, China, and Japan.
The number of cigarettes and cigars consumed each day in the US has increased by a whopping 50% since 2012. As a result, the economy in the country has grown by 9%. The US is not a big player in the cigarette and cigar manufacturing sector, but if the trend continues, it could be on the verge of a renaissance. With its favorable exchange rate and relatively cheap labor, there is a great deal of potential for expansion.
The largest and most obvious challenge in the cigar and cigarette manufacturing industry is the ability to supply the US with high quality, affordable tobacco. The best solution is to increase the production capacity of the existing factories, as well as start new ones. Tobacco products are among the most expensive items to produce, so it is crucial to have a clear cut competitive advantage.
4 Clothing factories in Yerevan
Several major garment manufacturing companies are active in Armenia. The country’s clothing sector is a key area of economic development, having a large potential for growth. It also offers an excellent source of employment. The Government of Armenia is interested in stimulating the industry. It has implemented a number of assistance programs in order to stimulate investments.
The Government of Armenia is also seeking to develop a sustainable textile sector. The program is being funded by the European Bank for Reconstruction and Development (EBRD) and the Good Governance Fund. The project aims to promote value-added trade and to improve the competitiveness of the textile sector. It will help increase the added value of products and will contribute to increased exports.
During the Soviet Union, the textile and clothing sector constituted one quarter of the workforce. The sector was a leading contributor to the economy. Today, the sector accounts for only two percent of the total manufacturing. It has a high potential for development, but is a difficult area for SMEs to enter the market. EBRD is interested in expanding its cooperation with the industry.
The Ministry of Economy of Armenia is seeking to expand its investment programs in the textile sector. It has already launched a project called the Textile Industry Support Project, which is financed by the European Bank for Reconstruction and Development. This initiative will provide opportunities to private producers to boost their exports. It will also help address the challenges of the industry.
A major focus of the project is to encourage women entrepreneurs in the industry. Tigran Jrbashyan, a textile development expert, believes that this will help improve the competitiveness of the industry. In fact, 95% of the jobs in the sector are held by women.
The EBRD’s investments in the sector are gradually increasing. The organization is interested in working with the government on a number of initiatives. It is also keen on working with the industry in areas such as tourism and services. EBRD also hopes to increase its cooperation in agriculture, real estate and telecommunications.
The top list of garment manufacturing companies in Armenia includes Alex Textile, which is one of the biggest modern textile companies in the region. The company started operating in 2015 and has quickly established itself in the Armenian market. It has won several competitive battles and has become a reputable brand. It is set to open a new textile factory in Artashat by 2020.
5 Ani Textiles
Established as far back as 1970 by Artashes Nalbandyan – its current director – Ani Textiles remains one of the oldest textile mills operating within Armenia’s borders till date. Located near Yerevan city center, they specialize in producing woolen fabrics for both local customers and international exporters alike. They offer an extensive selection ranging from plain cloths right up to fancy jacquard designs; making them ideal for knitting garments like sweaters or coats as well as decorating draperies or furniture covers with intricate patterns and motifs.
6 Iskra Ltd.
Founded by Arsen Harutyunyan back in 2000, Iskra Ltd remains a top choice among many fashion brands looking for reliable suppliers specializing in knitwear fabrication services within Armenia’s boundaries . With their factory located close-by Tumanyan village (near Ashtarak town), Iskra Ltd specializes mostly on ladies apparel such us blouses , skirts & dresses designed mainly out of cotton mixed yarn fabrics but also are capable of handling other materials upon request (e/g polyester/viscose blends).
7 Luso Tex LLC
This company was established way back at 1989 by brothers Gevorg & Hovhannes Baghdasaryans who still remain active members since then until nowdays; thus ensuring continuity during more than three decades worth experience combined between them two.. Their main focus lies around men’s wear type products such as trousers , shirts & blazers which can be custom tailored according customer specs using either natural fibers or man-made ones – depending on requested end market needs .
8 Nalbandian Brothers
Founded over 100 years ago by two brothers from Yerevan (the capital city of Armenia), Nalbandian Brothers has become an iconic part of Armenian fashion history. This company specializes in producing traditional handwoven fabrics and woolen coats made from local sheep’s wool as well as luxury items such as silk scarves and velvet jackets. Their factory is located near Lake Sevan and employs around 400 people who produce 40 million meters per year on more than 200 weaving machines.
9 Ogostos LLC
Ogostos is one of Armenia’s leading manufacturers of men’s suits, blazers, shirts, jackets and trousers using a combination of modern technology with traditional craftsmanship to deliver superior quality garments to their customers worldwide. This company also produces uniforms for special occasions or corporatewear including formal wear for official events like weddings or religious ceremonies etc., which makes them stand out from other textile companies operating in Armenia today.
10 Avan Textile Factory
One of the oldest factories established during Soviet times Avan Textile Factory has been successfully operating since 1953 when it was founded by two engineers from Yerevan Polytechnic Institute with an objective to provide high quality textiles to both domestic markets as well as export markets abroad mainly Russia & CIS region countries..
The factory boasts about its state-of-the-art equipment imported form Germany along with experienced workforce which enables them to produce top quality goods quickly & efficiently meeting customer demands within given deadlines time frame while maintaining competitive prices throughout different product lines they offer ranging from bed sheets sets , towels , bathrobes , table linens etc..
Henry Pham (Pham Quang Anh), CEO of DONY Garment
This year, we have found that many international buyers are seeking new suppliers based in nations outside of China and Thailand to purchase many goods and products, including uniforms, workwear, reusable cloth face mask, and protective clothing.
At DONY Garment, we are proud to welcome international customers, especially those based in the US, Canada, the Middle East, and the EU market to discover the professional production line at our factory in Vietnam.
We guarantee our products are of the highest quality, at an affordable cost, and easy to transport across the world.