According to the information of the Ministry of Economy, one of the largest international chemical production companies – Indorama Corporation – entered Georgia.
As mentioned in the information released by the Ministry, the Singaporean company has been studying the investment climate and opportunities of Georgia for years, in which the investment team of the “Enterprise in Georgia” agency was actively involved.
“With the active involvement of the agency of the Ministry of Economy and Sustainable Development, “Enterprise in Georgia”, one of the largest international chemical production companies, Indorama Corporation, entered Georgia.
The Singaporean company, which has more than 160 enterprises in 38 countries of the world and employs more than 45,000 people, acquired the Rustavi nitrogen fertilizers enterprise.
The Singaporean company has been studying the investment climate and opportunities of Georgia for years, in which the investment team of the “Enterprise in Georgia” agency was actively involved,” the information states.
According to Mikheil Khidureli, director of the agency “Enterprise in Georgia” of the Ministry of Economy and Sustainable Development, with the introduction of the largest Singaporean corporation, the investment potential of Georgia has been demonstrated with another large-scale project. According to him, by introducing one of the leaders of world-scale chemical production to the Georgian market, the agency exceeded all the indicators outlined in the strategy.
“With the support of the Georgian government, this project was completed and the said investment will be one of the largest in the country. In the coming years, the corporation plans to invest significant financial resources in the direction of modernization, development, and expansion of production of the enterprise”, said Mikheil Khidureli.