With the support of Business Armenia and an investment of USD 370,000, the Nazarian Cooling System expands its production. The company produces, maintains, renovates and imports refrigerators.

The Business Armenia team has paid a visit to the company and discussed future plans for support.

Nazarian Cooling System started operations 10 years ago by importing and turned into a producer with years of work. Now the company is planning to export its products and has already sent its first experimental batch to Georgia.

“We started with a single specialist and now we have 40 employees. We represent a number of leading international brands and make cooling systems with high-quality components. At the moment we plan to enter foreign markets,” said Arvin Nazarian, the company’s CEO.

“With the new investments, the company plans to expand and produce ice-cream and beverage stand-fridges for the local market. Armenians now use the imported versions of those systems. We hope that next year locals will have Armenian-made fridges,” said Business Armenia CEO, Mr. Armen Avak Avakian.

“Nazarian Cooling System has participated in a number of expos and forums, received orders and signed partnership contracts. And from now on, the Armenian-made cooling systems will be competing not only in Georgia, but also in the Russian market,” said Hayk Mirzoyan, Businessmen Support team leader at Business Armenia.

Nazarian Cooling System has made fridges from small to large facilities for the Armenian and over 200 foreign partners and ensured the further maintenance of the cargo trucks after equipping them with the systems.