Universal Hospital Product produces medical-grade bandages and disposable wipes using modern production lines with a complete manufacturing cycle.
The company started its operations in 2011 and now holds nearly 90-95% market share in Armenia. In addition to the domestic market, its products are also exported to Georgia.
Converse Bank has played a crucial role in its development by providing a comprehensive financing toolkit for businesses. The funding necessary for the company's expansion, raw material procurement, and increasing production capacities has been supported by the bank.
Today, Universal Hospital Product is already considering new markets without slowing down production pace and looking into the possibility of entering the European market.
“In the most challenging phase, Converse Bank stood by us. The main issue was financing, and thanks to the bank's support, we were able to continue our development,” the company states.
For more information: conversebank.am, 010 511 211
Converse Bank is regulated by the Central Bank of Armenia.
