Monday, March 23 2026 17:07
Alina Hovhannisyan

Construction boom driving demand for equipment - expert

Construction boom driving demand for equipment - expert

ArmInfo.The 22nd international specialized exhibition "CAUCASUS: CONSTRUCTION AND  RENOVATION EXPO 2026" was held in Yerevan, bringing together over 70 organizations from Armenia, Russia, India, Kazakhstan, Estonia, and Iran.  Among the exhibitors was the Russian company Promyshlennik  (founded in 2008), which initially specialized in wholesale supplies of construction equipment before launching its own production facility for monolithic work.

In an interview with an  ArmInfo correspondent, Alexander Potapenko,  head of the Foreign Economic Activity (FEA) department at  Promyshlennik, stated  that a new stage of development began in 2021  with the launch of the production process. At present, the company's  products are represented not only in the Russian market but also in  neighboring countries, including Kazakhstan and Kyrgyzstan. Despite  the lack of an official representative office in Armenia a strong  partner network has already been established there.

According to Potapenko, the decision to transition to in-house  production was motivated by a desire to ensure product quality  control amid growing demand. 

Entering the Armenian market, according to the head of foreign trade,  was the result of a preliminary analysis that confirmed the high  level of construction activity in the country. "We come and see  active construction, the urban environment is developing, and the  economy is growing. All of this creates a steady demand for  construction equipment," Potapenko noted.

The cooperation with Armenian partners has been ongoing  for  approximately seven years. Currently, the Armenian market accounts  for around 30% of the company's exports. "This is a good indicator,  but we are continuing to increase volumes," he added.