# Nazarian Cooling Systems expands production with $370K investment

Nazarian Cooling Systems is expanding its production in Armenia with a $370,000 investment supported by Business Armenia. The company plans to produce ice-cream and beverage stand-fridges for the local market and has already sent an experimental batch to Georgia.

- Type: Expansion
- Announced: 2018-07-24
- Where: Yerevan, Armenia
- Value: $370K
- Status: announced
- Products: cooling systems, refrigerators, ice-cream fridges, beverage stand-fridges
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Nazarian Cooling Systems](https://endata.com/companies/33297.md)
- [Business Armenia](https://endata.com/companies/33298.md) (partner)

## Sources

- [armenpress.am](https://armenpress.am/en/article/941642), 2018-07-24: "With the new investments, the company plans to expand and produce ice-cream and beverage stand-fridges for the local market."

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