Gevorkyan announces plans for Austrian R&D centre

February 28, 2020

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Gevorkyan s.r.o., based in Vlkanová, Slovakia,reports that it will establish a new R&D centre in Austria. Theannouncement follows a successful 2019 for the company, which sawincreasing turnover of €42 million and EBIDTA of €12 million.

Dipl.Ing. Artur Gevorkyan, the company’s main shareholder, explained, “We want to becloser to our customers, who mainly come from Western Europe, and at the sametime to simplify the logistics and organisation of meetings concerning new projectsbetween customers and our R&D.”

“This idea came after several organisedmeetings with customers near the Vienna airport,” he added. “Thanksto modern technologies, it is basically the same for an R&D engineerwherever they are situated during the development phase of a project. Moreover,engineers will have the additional benefit of a few weeks out of a main officewith its routine problems and daily disturbances.”

The company produces and supplies metal parts made by PM, MIM and HIP technologies to customers in more than thirty countries worldwide. Its end-user sectors include the automotive, lock and security systems, garden and hand tool, oil, medical, cosmetic and fashion industries. In 2018, it announced plans to install the technology for metal Additive Manufacturing at its main facility through 2019.

Its teamdevelops over a hundred new parts each year and manufactures two thousanddifferent types of component annually. A large part of its component portfoliois made up of PM and MIM components transferred from conventional technologiessuch as casting or machining. To further automate production, thecompany added a further 14 robots to its manufacturing lines in 2019.

www.gevorkyan.sk/en

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