Chinese Investors Plan Ferroalloy Plant in Kutaisi

An unnamed Chinese company plans to build a ferroalloy plant in Georgia’s Kutaisi free industrial zone.

According to the CEO of the industrial zone, Soso Nibladze, negotiations are also underway with a Ukrainian company that plans to start production of various plastics.

The overall size of investments into the project is currently unknown, though Nibladze noted that the project will employ approximately 100 people and could see the Chinese side invest $1.5 million into the project.

Negotiations are also underway with several companies involved in the production of car parts.

China’s Hualing Group established the Free Industrial Zone on October 1, 2015. The company plans to invest $30 million in the development of the area.

According to a government resolution, the term for the lease of the industrial zone, located at an auto construction plant, expires after 30 years.