Acba Leasing Partners with Giacomo Company to Help Establish Production of Solar Water Heaters in Armenia

ARMENIA: According to Acba Bank's press department, the Giacomo Company has developed a unique solar water heater production facility in Vostan village in the Ararat region. This is the only company in Armenia that manufactures water heaters on-site, from start to finish. Giacomo manufactures with high-quality stainless steel, which also enables for the reuse of water in food goods. Acba Leasing collaborated with Giacomo to help the company purchase the newest generation equipment.

"I wish to congratulate Giacomo company on the establishment of this unique production facility and the development of the "green" segment of our economy. This is the first solar water heater production facility in Armenia, which was created as a result of cooperation with Acba Leasing. We are glad that another modern and promising production facility has appeared in Armenia, which will contribute to the development of the "green" economy  in our country," said Vahagn Shmavonyan, Head of Supplier Cooperation Department at Acba Leasing.

Source: ACBA leasing