Benik Hakobjanyan, former director of Sisian's textile factory, speaks about the city's industrial past. According to him, during the Soviet era the factory was one of the city's most important production centers, employing more than a thousand people. His management years coincided with the economic crisis of the 1990s, when production ties had broken down, markets were lost, and energy problems seriously disrupted the factory's operations. The factory continued operating only partially, with output volumes declining significantly.
After privatization in 1998, production was partially restored for a time. Operating with a reduced, smaller staff, the factory managed to export products abroad. Nevertheless, it ceased operations in 2002.
Even in those years, the factory played an important social role by providing employment to locals and refugees from Baku. The main workforce consisted of women on maternity leave.