"We will open a German factory in the near future, in which we have invested 15 million EUR," - Ilia Tsulaia, the founder of company Archi said in an interview with Forbes Week, but he did not give an exact date.
Company Archi with the largest German company Xella started the construction of Ytong plant in Lilo settlement in Tbilisi 4 years ago, which produces energy-efficient and fire-resistant building blocks.
"We are building a factory for producing Ytong together with German partners. We still use imported products in construction because we make a choice on the quality. Thermal insulation materials such as Ytong block are imported from Germany and Bulgaria. But, now the local factory will be opened and we are proud of the products we produce on the spot. It will not be just a substitute for imports, it is an export-oriented product that will make a big contribution to exports as well," said the founder of company Archi.
According to the company, the output of the Itong factory will be 180,000 cubic meters and it will employ 60 people.
See all the news
Financial Services in CAREC
#TheCheckpoints: TIWB & Georgia - Interview with Rusudan Kemularia, Head of TIWB Secretariat
Stoli® Group to Release Limited-Edition Bottle in Support of the Ukrainian People
როგორ მოხვდა 17 წლის ანასტასია ლელაძე ჰარვარდში? - ანასტასია ლელაძე ქალების ნარატივში
"Literally the whole village was waiting for the first harvest of strawberry" - Kvitsiani family from Svaneti
Aliyev replaces long-serving central bank head with loyalist
Putin imposes visa restrictions on citizens from 'unfriendly' countries
BMG-ს მედია რუბრიკა: #პროფესიონალი - გიორგი მიქაია
Business Leaders Council by USAID and Georgian Business
ვინ არის მსოფლიოში #1 სნაიპერი “Wali”?
ბინების ქირის ფასი 50%-მდე გაიზარდა
"Today we are all Ukrainians"- Zurab Pololikashvili
Tourism is the main bridge for building understanding - ZURAB POLOLIKASHVILI
FAQ’s and Analysis on Lari & FDI - Interview with Fady Asly
მინერალური და მტკნარი წყლის ფასები ქართულ ბაზარზე
China continues to push competitors out of the global walnut market
Moscow to Host First Meeting of Turkish & Armenian Special Envoys on Jan 14
Scientists Discover New Part of the Human Body
Turkey's Exports Soar by 33.7% to $21.5B in November