Turkish cable manufacturer Koc Kablo has opened its first factory in Georgia. The factory will produce power cables and wires. Newly opened factory is located in Tbilisi.
Factory was built with an investment of 6 million dollars, with the help of "Isbank" and the program "Produce in Georgia". According to "Produce in Georgia", the new factory will employ 50 people.
"We would like to warmly congratulate Koc Cable with grand opening of first factory in Georgia. New venture factory specializes in the production of wide range of cable products and will have a positive impact on evolving industry of Georgia and economy growth.
JSC "Isbank Georgia" strongly supports development industry in the country and wishes Koc Cable continuous prosperity and success,"- Isbank Georgia notes in a statement.
The Turkish company Koc Kablo has been producing power cables since 1972. The company established a subsidiary in the Georgian market in 2017.
See all the news
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
Oil prices fall further on virus fears, U.S. crude stock build
Update on Shuakhevi HPP
Turkey to open doors to 31 countries for health tourism
Statement by Andrius Kubilius on the EU assistance for Georgia
Wine sales have increased 5 times in the UK - Georgian-British startup
Visa informed banks of the mechanism to process transactions with expired cards
Russian Church, which priest tested positive for coronavirus is closed for several days
S&P: Georgia Heads Toward Recession
Gurian Tea "Gamarjoba" will Appear on the Market from September
Coronavirus: Boris Johnson moved to intensive care
First-Stage Land Usage Permit for APM Terminals Poti
www.stopcov.ge is accessible in minority languages
TBC Bank and OPEC Fund sign a $50 million trade finance loan agreement
How will Nenskra HPP Reduce the Electricity Import?