In 2004 Mika -Cement Armenian Factory will invest US$1m, according to the Executive Director of the factory Naira Martirosyan. She noted that since privatization of the factory in 2001, the total volume of investments has made US$6m  According to her, in 2003 Mika -Cement Armenian Factory produced about 160,000t of cement, and in 2004 double production of cement is planned. Martirosyan stated that the export of cement is to be from 40-50,000t in 2004. According to the Director, new investments will be made on the line, the quarry and downstream in ferro-concrete production.