Economy Minister Opens New Enterprise

Georgia’s Minister of Economy Giorgi Kobulia opened a new enterprise under Nova, a company which produces and exports building materials.

At the opening ceremony, the Minister emphasized the need to create as many competitive enterprises as possible which will operate not only for local but also for export markets.

"Such a good cooperation between the State and the private sector is vital to achieving more success and driving the country towards industrialization,” he stated.

He added said that the new enterprise is an example of such industrialization.

“Such an enterprise can be competitive in Georgia not only on the local market but also for export. Nova has replaced numerous imported goods and was able to export products to our neighboring countries. We need more such competitive enterprises,” he said.

The new enterprise and warehouse infrastructure of Nova is located in Tbilisi, on 24,000 square meters of territory. The investment amounted to GEL 12 million ($4.5m).

On the opening of its new enterprise, Nova has expanded production from construction material to include plastic windows, doors and roof materials. The project was implemented with the support of the European Bank for Reconstruction and Development (EBRD) and TBC Bank. The company representatives say its new factory produces up to 100 kinds of products and construction materials.

Nova also owns an exhibition hall and building materials factory in Tbilisi, as well as the same facilities in the Black Sea coastal city of Batumi.

Batumi’s Nova branch was opened with the support of State Program ‘Produce in Georgia’ in 2017.

The company says that within the framework of the EBRD's current project, labor hygiene and safety standard OHSAS 18001: 2007 will soon be introduced in its factories.

The newly opened enterprise and warehouse employ up to 60 people, while 320 work in the Tbilisi and Batumi factories.

By Thea Morrison

Image source: Ministry of Economy