Georgia Wood will expand furniture manufacturing factory with Canadian investment at Hualing FIZ. As BM.GE is informed by Hualing Free Industrial Zone, the furniture manufacturing plant operates at the FIZ since 2019 and employees over 50 people within the first phase of the project.
According to the company, Georgia Wood plans to create 600 jobs in the second phase of the project expansion and 6 million USD will be invested in total for full implementation of furniture manufacturing.
The Hualing FIZ is not able to name an exact date for the completion of the project and notes that due to the pandemic, it depends on the current situation. Moreover, BM.GE has been told that premium furniture made of natural wood will be exported to Europe and the USA.
According to them, the second furniture manufacturing company operating at the same area - Georgia Huashun currently employs about 150 locals. During this time, they have implemented such important projects as: Hotels & Preference Hualing Tbilisi, Iota Garden, Hotel River Side Tbilisi, Hotel Gudauri Inn, Hotel Borjomi Palace. The main export markets for the products are Iran, Armenia, Azerbaijan, Turkey and China.
See all the news
რატომ ვერ ვმართეთ კორონავირუსი? - #Forbesკვირა პროლოგი გიორგი ისაკაძე
Q&A: Ek Law Office
LVMH and Tiffany Agree on Lower Price for $16 Billion Takeover
Woman in Charge
Hualing FIZ: Four New International Companies to Establish Free Zone Businesses in Georgia
Focus on Georgia - ADB
Focus on Ganja Gap in Nagorno-Karabakh’s Regional Conflict
Scientific Community Calls for Action Against Lockdowns
Georgian Government seize foreign-owned asset, referred to International Arbitration
Studying Abroad Costs Georgian Students €10,000–15,000
Franco Frattini - Georgia, straying from the rule of law
Letter to the Newsweek Editor: 'Russia Determined to Wield Power in Georgia'
Caspiannews: Georgia’s Actions to Seize Foreign Company Disrupt Telecommunications Corridor Between Europe & Asia
Turkish cable manufacturer Koc Kablo has opened its first factory in Georgia
TBC Bank announces management change
EU Local Statement on recent public comments with regards to the German Ambassador to Georgia
Oil prices fall further on virus fears, U.S. crude stock build
Georgia reports 3 new cases of coronavirus and 7 recoveries
The trend of demand for holiday houses is emerging - a study of the real estate consumer market
Update on Shuakhevi HPP