The Idea of the Venture

In 1999 Arthur and his group privatized the company and it became “Magnon” Open Joined Stock Company. They were no long producing any particular product for sell. They became a company which worked by order. They could produce anything made of metal in accordance with the customers’ needs and wants as they didn’t feel lack of highly skilled engineers.

In the same year the mother superior Sister Arousiag (Jennet Sajonyan) of the “Our Lady of Armenia” Educational Center learned of Arthur. She ordered playground equipment for the camp in Tzaghkadzor city which is the mountainous sporting and holiday center in Armenia. The camp was for the children from poor families or orphans. The “Mother Lady of Armenia” Center was financed by Catholic Church and Armenian Diaspora (mainly Eastern Armenians) who had Eastern style of working and requirements.

For this purpose Arthur was sent to USA for training in the field of playground production. After his arrival the life in the company changed a lot. The engineers began developing the means for producing the playground equipment with the equipment which was not design for such purpose. It didn’t take them long to redesign the equipment.

This was the very product that seems to have a demand. The company became the only specialized producer of playground and park equipment in the South Caucuses.