Gevorkyan plans US and Mexican factories following €30 million IPO

Companies & MarketsNews
September 15, 2023

September 15, 2023

Artur Gevorkyan, Owner & general manager of Gevorkyan a.s. (right) welcomed the Prime Minister of the Slovak Republic, Ľudovít Ódor, during a recent visit to the Gevorkyan facility (Courtesy Gevorkyan)
Artur Gevorkyan, Owner & general manager of Gevorkyan a.s. (right) welcomed the Prime Minister of the Slovak Republic, Ľudovít Ódor, during a recent visit to the Gevorkyan facility (Courtesy Gevorkyan)

Powder Metallurgy parts producer Gevorkyan a. s., headquartered in Vlkanová, Slovakia, reports that following last year’s successful IPO and listing on the Start Market, part of the Prague stock exchange, the company is planning further expansion and aims to establish new facilities in both the USA and Mexico in the coming months. Gevorkyan is also seeking listing on the other stock exchanges.

In June 2022, the Start Market IPO raised some €30 million for the company and these funds have been used to expand the facility in Vlkanová. This has included acquiring buildings adjacent to its existing site, increasing production capacity and purchasing new presses, furnaces, machining equipment and industrial robots. The facility now also boasts its own nitrogen and hydrogen generation.

Subscribe to our weekly newsletter
Sign up

Gevorkyan was established in Slovakia in 1996 by Artur Gevorkyan. Having moved from his native Armenia in the early 1990s, he first founded a Powder Metallurgy magnet plant in Ukraine before leaving the region and moving to Slovakia in 1996. The new business expanded its focus to a wider variety of PM, and today includes MIM, HIP and metal AM production. Over the years, Gevorkyan has gained a growing list of customers which now includes companies such as Linde, Komatsu and Siemens. It also cooperates with fashion brands such as Yves Saint Laurent and Versace, for which it produces metal clasps and decorations.

In 2022, Gevorkyan was the first foreign company to join the Czech Start Market. The exchange is aimed at small and medium-sized companies, and after a year of trading Gevorkyan is now looking to enter the main floor of the Prague Stock Exchange. The company is also in parallel negotiations with the Bratislava Stock Exchange.

Download Metal AM magazine
Companies & MarketsNews
September 15, 2023

In the latest issue of Metal AM magazine

Download PDF

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Kennametal: The story of the successful commercialisation of AM hardmetal and steel solutions
  • General Atomics Aeronautical on metal Additive Manufacturing’s place at the centre of the digital manufacturing revolution
  • Adrian Keppler on Additive Manufacturing: An insider’s assessment from the outside
  • Metal AM’s journey to industrialisation: Are we there yet? And what does the destination even look like?
  • A stronger future, layer by layer: How next-generation software will drive adoption of metal AM
  • Volkmann: Making the case for the complete automation of powder handling in AM
  • Metal AM on an industrial scale: GKN Additive draws on decades of sintering expertise to commercialise Binder Jetting
  • International Conference on Electron Beam Additive Manufacturing: Highlights from EBAM 2023

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap