After collapsing of the Soviet Union, former Hoktemberyan machine-tool factory, like other factories of the Republic, having lost markets, as was not engaged commercial business, found itself under a hard economic and financial situation, which stopped the production.
The factory was privatized in 1995 and it was renamed Open Joint Stock Company «Armavir Machine Tool Factory». From 1995-2000 the factory used only 3-5 % its power. The maximal profit was in 1997-1998. In 1999 the factory worked with the losses.
Since management of the factory has decided to innovate and enlarge the production of functioning and new machines.
At a factory accustom new to scale of desktop - drilling milling machine tools.
The works on restoration of a foundry site on manufacture having cast with melting models are conducted, and as the works on creation of a foundry site on manufacture of case details in sanding the forms are conducted.
We aspire at the expense of increase of quality of let out production to find a worthy and reliable place in the world (global) market. Today we are interested in cooperation with the foreign investors and partners.
In the fruited Ararat valley, at the foot of mount Aragats, lies Armavir (former Hoktemberyan) from where you can see the wonderful view of Biblical mount Ararat. «Armavir Machine - Tool Factory» OJSC is near «Armavir» railway station. There is also a highway of great importance.
The factory was founded at 1938 and produced radial drilling machines. During its existence it produced tens of models machines and it exceeded the number of machines more than thousand yearly. 25-30% of those produced machines exported to more than 40 countries of the world. At present the factory produces:
- Radial drilling machine with an elevating rotary, model 2532L.
- Radial drilling machine portable, model 2532L AS.
- Vertical drilling machine with diameter of drilling up to 50 mm, model 2A150.
- Desktop vertical drilling machine, model 2G125.
- Desktop vertical drilling milling machine, model 2G125FL.
The factory is also specialized in producing casts with melting models black and colourful metals 5kg, and wide consumption goods.