With the continuous development of construction sphere in RA it was required to meet the demand of imported steel rebar with domestic production. For that purpose, “ASCE GROUP” Open Joint-Stock Company based on “HayAvto” AM Charentsavan “Avtodzul” factory started the production of steel preforms for the further production of rebar in 2007. Along with the mitigation of the global economic crisis in 2011 the Company signed contract with “Siemens VAI” to upgrade the Company with manufacturing machinery.
ASCE group has enhanced the ability of customers by sourcing reinforcement bars locally, thus increasing their efficiency. Furthermore, it has taken an initiative to rejuvenate Armenia`s metallurgical industry and boost its economy by using its local scrap metal for the production of construction materials.