# Dragsman Cement plans new cement production line in Armenia

Dragsman Cement will invest AMD1.9bn (US$5.0m) in a new cement production line using imported equipment, increasing employment from 10 to 50 staff. The government approved a customs-duty exemption of AMD40.9m.

- Type: Expansion
- Announced: 2025-11-18
- Where: Armenia
- Value: $5.00M (1.90B AMD)
- Jobs: 40
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Dragsman Cement](https://endata.com/companies/88517.md)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/180294/armenian-firm-to-invest-amd1-9bn-in-new-cement-plant.html), 2025-11-18: "The government approved the duty relief at a meeting held on Friday."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.