Chairman of Vallex Group Companies
Valeri Mejlumyan was born on 02.04.1951, in Alaverdi city of Toumanyan region. In 1969, finishing the secondary school after S. Shahumyan of Alavredi with a gold medal, he entered the Moscow University after M. Lomonosov, the mechanics and mathematics faculty (specialization - Liquids, gases and plasma mechanics).
In 1981-1984-s Valeri Mejlumyan studied in the hydromechanics department of post graduate school of the same university. V. Mejlumyan has a PhD in Physics and Mathematics: the dissertation topic - “First stage calculation of the collision of deformable bodies moving in supersonic speed”.
In 1977-1981-s as a senior engineer he has worked in Moscow All-union scientific-research Institute of Electrothermal Equipment, Moscow, RF, where he was engaged in elaboration of the equipment and technologies of melting the non-ferrous metals and their alloys.
In 1983-1987-s he has worked in Moscow Mechanical-Engineering Institute as a lecturer of mathematics.
In 1984-1987-s he was working as a research associate in Moscow Institute of biomedical problems, where he was involved in the issues of medical provision of “Mir” orbital space station.
In 1987-1988-s V. Mejlumyan was a research associate in the Scientific Research Institute of Mechanics, under the Moscow University after M. Lomonosov: here he was engaged in the issues of application and elaboration of the new polymeric substance on the mineral base.
During 1989-1996 he established and headed companies “Armat”, “Keramo” and “Masarmat” (Moscow, RF): fields of activity - computers, software, communication facilities trading, construction, and brick production.
As from 1991 Valeri Mejlumyan is the director of “Vallex Ef Em Establishment” company (Vaduz city, Lichtenstein Republic). Fields of activity - products’ international trading (including metals) and financial transactions.
In 1992-2005-s he was the Chairman of “Vallex Ef Em Establishment” company (Moscow, RF). Fields of activity - trade, real estate, dental clinic.
As from 1997 Valeri Mejlumyan started his activity in Armenia, establishing several trade companies:
In 1997 “Armenian Copper Programme” cjsc (formerly named “Manes & Vallex”) was established, within the framework of which on some productive infrastructures’ basis of Alaverdi mining-metallurgy factory in 1997 blister copper production started. Recent years, the company provided 60 percent turnover of Lori region, creating jobs for about 700 people.
In 2002 in Artsakh “Base Metals” cjsc was established. The company has constructed and now is operating Drmbon processing Plant in Martakert region of Nagorno Karabakh republic. From the very beginning “Base Metals” cjsc has been the biggest tax payer of Artsakh, providing up to 35 percent taxes to the state budget and job places for 1200 people. Making investment in geological works “Base Metals” cjsc in 2012 could complete and bring into a proper level for operation the information on the stocks of Kashen copper-molybdenum deposit. The company now is realizing a new investment project on the construction of a newer and updated cutting-edge mining complex on the base of the copper-molybdenum deposit. This project will ensure economic development perspectives in Artsakh.
In 2006 Teghout cjsc was established, which continued the realization of Teghout mining and processing plant’s construction and exploitation, started still by “Armenian Copper Programme” cjsc. The company now has 1300 employees, around 300 mln. USD was invested for Teghout mining and processing plant’s construction and exploitation project. Once the product is issued, annual turnover of 200 mln. USD will be provided. This project is to change essentially the economic situation if Lori region and will create prerequisites for the economic growth also for other fields.
In 2012 was funded “Vallex Garden Hotel” cjsc, which exploits the sport and health hotel complex, constructed by “Vallex” group companies in Stepanakert, Nagorno Karabakh republic. Investment of 15 mln. USD has been made towards the construction of this complex and about 100 people were provided with jobs.
For his wide patriotic and church-building activity, in 2001 Valeri Mejlumyan was awarded the highest award of Armenian Apostolic Church - “St. Gregory Lusavorich" order.
V. Mejlumyan is married, has two sons.