Gevorkyan announces plans for Austrian R&D centre

Companies & MarketsNews
February 29, 2020

February 29, 2020

Gevorkyan develops over a hundred new parts each year and manufactures two thousand different types of component annually (Courtesy Gevorkyan)

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

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

“This idea came after several organised meetings with customers near the Vienna airport,” he added. “Thanks to modern technologies, it is basically the same for an R&D engineer wherever 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 office with 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 team develops over a hundred new parts each year and manufactures two thousand different types of component annually. A large part of its component portfolio is made up of PM and MIM components transferred from conventional technologies such as casting or machining. To further automate production, the company added a further 14 robots to its manufacturing lines in 2019.

Companies & MarketsNews
February 29, 2020

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