Hrazdan Cement

Hrazdan Cement is an Armenian cement producer based in the town of Hrazdan, the provincial centre of Kotayk Province. The enterprise was established in 1970 as Hrazdan Cement Factory by the Soviet government and was initially operated as a structural unit within the Hrazdan mountainous-chemical industrial group. Its creation formed part of the Soviet-era development of Armenia's industrial base and gave the country a major domestic source of cement for construction. During the Soviet period, the factory supplied cement for construction projects across Armenia and exported substantial volumes to other republics of the Transcaucasian region and to Russia. Its products were used in a wide range of construction activity, making the plant an important industrial asset rather than a narrowly regional manufacturing site. The factory occupies approximately 54 hectares and is equipped with two production lines. Its stated production capacity is approximately 1.2 million tonnes of cement per year, placing it among the larger cement producers in Transcaucasia. The enterprise was privatized in 2001. Following privatization, ownership passed to MIKA Ltd., and the business was renamed Mika Cement. This transition marked the plant's movement from a Soviet state-industrial structure into private ownership. The company subsequently experienced severe financial and operational difficulties, culminating in the bankruptcy of MIKA Ltd. The factory's ownership changed again in July 2014, when a new group of owners took over the enterprise. Nikolay Khachaturov assumed responsibility for managing the factory during the 2014 transition. The revival of the plant after its period of distress has been described as an example of industrial recovery in Armenia. Although the facility has substantial installed capacity, its actual output has not always matched that level. In 2016, production was reported at approximately 200,000 tonnes, considerably below the plant's nominal annual capacity. Hrazdan Cement's core business is the manufacture of cement for the Armenian construction market, with historical links to regional exports. Publicly available information identifies the enterprise primarily through its plant, production capacity, ownership history, and role in Armenia's industrial economy. Detailed information about current ownership, product specifications, brands, financial performance, export volumes, and present-day management is not established in the available reference material.

Hrazdan Cement was established in 1970 in Hrazdan, Armenia, as Hrazdan Cement Factory. The plant was created by the Soviet government and operated as a structural subdivision of the Hrazdan mountainous-chemical group of enterprises. Its construction and operation reflected the Soviet emphasis on developing large industrial facilities capable of supplying essential materials to the construction sector. The factory became a significant source of cement for Armenia. Its output was used in construction projects across the country and was also shipped in substantial quantities to other Transcaucasian republics and to Russia. This regional role was supported by the scale of the plant, which occupies approximately 54 hectares and has two production lines. The facility's stated design capacity is 1.2 million tonnes of cement annually, making it one of the larger cement plants in the Transcaucasian region. After the dissolution of the Soviet Union and the transition of Armenia's economy toward private ownership, the plant was privatized in 2001. MIKA Ltd. acquired the enterprise, which was renamed Mika Cement. The change transferred the factory from a state-industrial framework into a privately controlled company and introduced a new phase in its corporate history. Publicly available descriptions do not provide a complete account of the company's product portfolio or commercial strategy during this period, but the plant remained identified with cement production in Armenia. MIKA Ltd. later entered bankruptcy, placing the factory in serious financial and operational difficulty. In July 2014, a new group of owners took over the enterprise. Nikolay Khachaturov assumed management responsibility during this transition and was associated with efforts to revive the distressed factory. The recovery of Hrazdan Cement has been presented as an example of the attempted renewal of Armenia's industrial infrastructure after a period of decline. The gap between installed capacity and actual output illustrates the challenges facing the business. In 2016, the plant was reported to have produced around 200,000 tonnes of cement, substantially below its nominal capacity of 1.2 million tonnes per year. The available reference material does not establish whether later investment, modernization, ownership changes, or production growth occurred. Today, Hrazdan Cement is described as a closed joint-stock company located in Hrazdan. Its identity remains closely tied to its industrial plant and to Armenia's domestic cement supply. The available information supports a clear account of its origins, privatization, ownership transition, and historical production role, but does not provide verified current details regarding ownership, revenue, workforce, product grades, certifications, export activity, or executive leadership beyond the 2014 management transition.

• 2016

  Reported production remains below nominal capacity

  [1]Hrazdan Cementen.wikipedia.org

  The plant reportedly produced about 200,000 tonnes of cement, compared with its stated annual capacity of 1.2 million tonnes.

• 2014

  New ownership group takes over the factory

  [1]Hrazdan Cementen.wikipedia.org

  Following the bankruptcy of MIKA Ltd., a new ownership group took control of the factory in July, with Nikolay Khachaturov taking charge of management.

• 2001

  Privatization and renaming as Mika Cement

  [1]Hrazdan Cementen.wikipedia.org

  The plant was privatized and became owned by MIKA Ltd.; it was subsequently renamed Mika Cement.

• 1970

  Hrazdan Cement Factory begins operation

  [1]Hrazdan Cementen.wikipedia.org

  The Soviet government established and commissioned the Hrazdan Cement Factory as part of the Hrazdan mountainous-chemical industrial group.

A major Armenian industrial cement producer with a large-capacity plant serving domestic construction and historically supplying Transcaucasian and Russian markets.

• Construction materials · 1970

  Cement

  Cement is Hrazdan Cement's core and publicly documented product category. The factory historically supplied cement for construction throughout Armenia and exported to other Transcaucasian republics and Russia. Available reference material does not identify specific cement grades, packaging formats, technical specifications, or current branded product lines.

• 2014

  Change of ownership after MIKA Ltd. bankruptcyM&A

  Background

  MIKA Ltd.'s bankruptcy left the factory in serious difficulty and created the conditions for a new ownership transition.

  Action taken

  A new group of owners took over the factory in July 2014, while Nikolay Khachaturov assumed management responsibility.

  Aftermath

  The takeover was associated with efforts to revive the distressed plant and restore its industrial operation.

  Source

• 2001

  Privatization of Hrazdan Cement FactoryM&A

  Background

  The plant moved from Soviet state ownership into Armenia's privatized industrial economy.

  Action taken

  The enterprise was privatized and transferred to MIKA Ltd., after which it was renamed Mika Cement.

  Aftermath

  The factory continued as a privately owned cement producer, but MIKA Ltd. later entered bankruptcy.

  Source

1. 1Hrazdan Cementen.wikipedia.org