Construction Industry Update
BISNIS
May 19, 2005
BISNIS Search for Partner Lead:
Company: Shen Concern
Description: Shen Concern seeks a U.S. partner to establish a production
facility for dry wall. It will contribute all its existing production
facilities, well-established distribution channels, as well as a
financial investment of $300,000 (USD). For this project, it seeks an
American partner who would provide equipment for the production of dry
wall, as well as a financial investment of approximately $200,000 (USD).
The company has already successfully utilized the BISNIS Search For
Partner Program and secured a partnership with a U.S. company for a
separate project. In late 2004, the European Bank for Reconstruction and
Development (EBRD) aquired 28 percent of Shen Concern for an investment
of 850,000 Euros. This is the first time that EBRD has invested in a
private construction enterprise in Armenia. Shen Concern will use funds
to begin production of concrete products and other construction
materials. By April 2005, the EBRD plans to increase its share of Shen
concern to 36 percent.
Shen Concern was established in 1970 as a state-owned enterprise. It was
privatized and converted into a joint stock company in 1995. The company
specializes in the production, importation, and distribution of building
materials. The company owns large building material production and
storage facilities equipped with modern machinery and tools. Shen also
has a large distribution network of building materials located in
Yerevan and other major cities. The company’s production and sales
volume in 2004 reached $2 million.
The company has a business plan in English.
Shen Concern can conduct business in English.
Location: Yerevan 375043, Armenia
Lead Link:
BISNIS Search for Partners program in collaboration with the U.S.
Industry Coalition (USIC) presents innovative technologies and high-tech
products from Eurasia. USIC is a nonprofit association of U.S. companies
that are involved in partnership projects with scientific institutes and
companies from Russia and other Newly Independent States (NIS). USIC
works to facilitate technology commercialization for the Initiatives for
Proliferation Prevention (IPP) program of the U.S. Department of
Energy’s National Nuclear Security Administration. The IPP mission is to
enhance U.S. national security by engaging NIS scientists, engineers and
technicians currently or formerly involved with weapons of mass
destruction in peaceful and sustainable commercial pursuits.
For additional projects, please go to:
These opportunities are provided solely as an informational service and
do not represent an endorsement by the U.S. Department of Commerce.
Verification of these leads is the responsibility of the reader.
BISNIS Programs available to you FREE OF CHARGE:
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**** ****** Provided by:
************************************************* *****
Irina C. Mitchell, BISNIS Trade Specialist for Construction Industry
U.S. Department of Commerce
Tel: 202/482-3729, Fax: 202/482-2293
e-mail: Irina_Mitchell@ita.doc.gov