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Basisbank Continues Successful Partnership with Elvare Georgian Electric Cable Company

28.06.23 11:00

Basisbank has been an active supporter and financial partner of Elvare since its foundation. The company that produces electrical cables made in Georgia, was established within the framework of the Produce in Georgia program.

Elvare is the first enterprise to receive CE marking, as a validation of European quality, and certificates of compliance with IEC international standards. The company is the first RoHS certified cable manufacturing company in the region.

The history of formation and development of Elvare is an outstanding example of mutual cooperation between Basisbank, the state and business.

"Close partnership with Basisbank and continuous support of their team allowed us to start from scratch to establish a company with modern technological production lines and equipment. Today our processes are controlled by computer automated systems with an accuracy of hundredth of a millimeter. Basisbank has always been there to support the development of Elvare. We are certain to implement many more important projects together in the future." - Mamia Motsradze, General Director of NRG Georgia.

"Basisbank has been a vigorous supporter of Elvare from the outset. We have created a modern, high-tech enterprise, a reflection of the selfless work of the company's management and the bank's involvement. The electric cables produced by Elvare are in full compliance with international standards.

Elvare's wide range of products, high-tech production and management's uncompromising commitment to quality warrant the company's success in the local market, creating a solid foundation for development in the international market." - Gigi Gabunia, Basisbank’s Commercial Director, said.

Video story of partnership between Basisbank and Elvare