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LED lamp production will be established in Armenia.
Armenia

Armenia

News

30.03.2015
LED lamps production starts in Armenia

     On 19th of February 2015, several halls of hotel Marriott Armenia became the venue for presentations on the company AMBUKO - a project for LED- light-emitting diode  production in Armenia. Construction of the company’s plant is scheduled to begin in the coming months in one of the regions of Armenia. Founders and co-investors of the project are Armenian company ADKARS and Korean companies BlusafirKorea  and KoreaSUNLED.

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     The event was attended by heads of parent companies. AMBUKO is to become the largest manufacturer of LED lighting in Europe. In addition, representatives of the companies have focused on the quality and reliability of AMBUKO products, which will seriously compete with the products of many large manufacturers of LED lighting preferred by consumers today. The major advantage of the company will be having its own R & D center, which will constantly improve existing and develop new LED lighting technology.

     The CEO of ADKARS Ruben Soghomonyan introduced the details of the work. Construction is planned to be conducted in two stages - first will be commissioned in the assembly shop, working with components supplied from Korea, along with it  its own production line will be launched. During the project about a thousand of jobs will be created. AMBUKO products will appear by the end of this year.

     Representatives of Korean companies demonstrated their products and told about the features of the production technology of LED lamps. Stated warranty work period  of LED lamps, without any quality loss is at least 50,000 hours, with 70% -90% reduced power consumption. AMBUKO will be made according to the latest innovative technology of modern LED lighting for offices, streets, urban and industrial areas, sports and entertainment complexes, as well as a wide range of household lamps for home use.

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     Lee Sung Hoon - the president of KoreaSUNLED - was present at the hall, and answered questions from the audience.  Lee Sung Hoon, leading the company, is at the same time the chief design engineer.

Kim Chul Thai – the vice-president of the Association of venture companies of Korea, co-investor KoreaSUNLED, also spoke with those present. He demonstrated the videos on the company's existing plant in Ansan-si in South Korea.

     The plans of the founders include creating a company able to gain a leading position in its field worldwide. Technological basis of Koreans and advantageous geographical location of Armenia will allow the AMBUKO products compete with the  products of already existing manufacturers.

     The presentation was attended by Deputy Minister of Energy and Natural Resources, the Minister of Economy, representatives of Yerevan Municipality, representatives of major local and foreign companies and international organizations. The hall was attended also by students and graduates of technical faculties. Many of them were interested in employment opportunities at both the future company, and during  the stage of project realization.

     During the presentation, the representatives of ADKARS and KoreaSUNLED repeatedly expressed confidence that Armenia should follow the path of becoming an innovative economy, based on technology and knowledge, therefore it was promised to launch the implementation of other high-tech projects in the near future, including in the spheres of aviation industry and multimedia.


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