Alex Home Furniture, with assistance of Aсba Leasing, grows from small workshop to major furniture manufacturer
YEREVAN, November 11. /ARKA/. With a history spanning over two decades, Alex Home Furniture provides consumers with multifunctional and stylish furniture suitable for complete apartment furnishing.
The production of furniture is conducted in a closed-loop cycle: the entire process, from inception to completion, takes place within the company's automated manufacturing facility.
Aсba Leasing, a prominent player in the Armenian leasing sector, serves as the production partner. Thanks to its support, Alex Home Furniture's manufacturing was outfitted with top-tier European equipment and achieved full automation.
Consequently, the company realized savings of approximately €6,000 annually over a four-year period, as this amount represented the value of raw materials that were damaged solely during transportation.
"Our family business was established in 2004 by my father. At that time, the company operated as a small workshop with three employees located in the first semi-basement of a public building. Naturally, there was no automation; we began with just a few machines. The entire level of production we possess today was developed with the assistance of Aсba Leasing. Without Aсba Leasing, we would have remained a typical, non-automated, basic production facility lacking a sustainable future in the current market. Our cabinet furniture production is no longer feasible without automation. We would not have reached our current achievements without Aсba Leasing and their financial support. Aсba Leasing is a dependable partner; I have never encountered any unanswered inquiries or unresolved issues. The accountability between the two partners is crucial to us, something I have always recognized and valued," stated Alexander Alexandryan, the founder of Alex Home Furniture.
In the near future, the company intends to expand and initiate the construction of a new production facility.
Aсba Bank holds a 100% stake in Aсba Leasing. Aсba Leasing is regulated by the Central Bank of Armenia.-0-
