A source of products and a location for investment in R&D and manufacturing
Profile of fine chemicals industry in Armenia
Armenia has a rich tradition in science and technology with qualified manpower and wage rates that are very competitive by international standards. For instance, it was a leading centre of IT in Soviet times and this tradition continues now mainly due to foreign investment in the sector. In addition, it also was a centre for fine chemicals.
There were many research centres, labs and manufacturing sites in Armenia that were engaged in R&D activities and supplied Soviet industry with unique substances. Manufactured fine chemicals were used in a wide range of sectors, e.g. pharmaceuticals, agriculture, and the food industry. The research centers/manufacturing facilities in operation today are detailed below.
As a source of fine chemicals Armenia can offer significant competitive advantages such as R&D, synthesis and fine chemical production, further drug development processes including pre-clinical and clinical trials at very low cost.
A website listing and describing the fine chemicals products available in Armenia has been launched by the Armenian Development Agency. It provides technical specifications on over 5000 products being produced by the fine chemicals industry in Armenia www.finechemicalsmarket.com. Prices are very competitive.
Opportunities for Purchasing Fine Chemicals and Licensing New Technology from Armenia
The Armenian Development Agency (ADA) invites you to discover the value in new technology, business, and commercialization opportunities.
The numerous custom manufacturers offer multiple sources for all your fine chemicals requirements:
• Inorganic & organic reagents, electrophoresis reagents, heterocycles, quinozolines – over 3,000 products
• Amino acids, molecular & cellular research reagents, screening compounds, peptides, proteins, etc
• Gas chromatography sorbents & catalysts; complex fertilizers; silicates; catalysts; desiccants
Armenia's pharma research institutes have new active pharmaceutical ingredients (APIs) developed and patented, waiting for licensing discussions, as well as groundbreaking research in various directions:
• APIs for treatment of cardiovascular, neuropsychic, and infectious diseases and malignant tumors
• New amino acid technologies: microbiological synthesis, biotransformation, enzymatic hydrolysis
• Clinical results (cellular level) for novel cardioactive hormones, and new metal-containing proteins and enzymes, for treatment of neurodegenerative diseases ranging from Alzheimer’s to Parkinson’s
Our agrochemicals institutes have new crop protection products patented and field-tested, showing high cost-effectiveness, low toxicity, and complete environmental acceptability in all applications:
• Full range of commercial agrochemicals: herbicides, pesticides, & fungicides
• New synthetic pheromone applications with biotraps for easy, safe, ecological, and cost-efficient use
Discover your company’s newest source for products and know-how waiting for you in Armenia.
Armenia: a location for investment
Armenia as a location for investment in R&D and manufacturing
The key facts are:
• The average salary of chemists in Armenia is approximately US$150 per month. This is 3 times lower than India, and 40 times lower than Germany;
• Currently about 600 chemists are employed in the sector. This is lower than the peak employment of 5,500 in the chemical and pharmaceutical industries during Soviet times, and therefore many chemists are readily available;
• There is a long tradition in Armenia of chemistry education. The number of chemistry science students is 1,732 with approx. 300 graduates per annum from 5 Armenian universities;
• There are 6 major R&D institutes with manufacturing facilities engaged in the fine chemicals sector in Armenia. In addition, there are R&D facilities within the state universities;
• Many patents have been registered by experienced researchers;
• There are valuable newly developed fine chemical substances that can successfully compete with their analogues;
Armenia’s tradition in the fine chemical industry together with its well-educated and experienced labour force with very competitive wage rates perfectly matches the needs of chemical component production, which is labour and scientific intensive.