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The Ararat Cement Plant is one of Armenia's key producers of Portland cement. Founded in 1927 during the Soviet Union era, it began cement production in 1933. The plant is located near the town of Ararat and operates under the Multi Group concern, owned by Armenian businessman and politician Gagik Tsarukyan. The factory has adopted modern technologies to meet European standards, focusing on automating both its production processes and accounting systems. This ensures high-quality output and compliance with regulatory requirements. Over the years, the company has faced challenges, particularly from cheap cement imports from countries like Iran. To address this, the Armenian government has introduced protective tariffs, benefiting local producers like Ararat Cement. This has helped the factory maintain its workforce and stabilize operations amidst international competition.