Ararat Cement
 Ararat Cement Factory CJSC is one of two companies in Armenia which produce cement. It is owned by Gagik Tsarukian's Multi Group Concern. Founded in 1927 during the Soviet era near the present-day town of Ararat and continued as a state owned company until 2002 when it was privatized and sold to Multi Group Concern. Massive investments and moderniztion process were run after the privatisation allowing modern technologies to be installed at the factory.