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Co-investment Fund Enlarges Planta Greenhouse Complex

Co-investment Fund Enlarges Planta Greenhouse Complex

Co-investment Fund has introduced Planta, Georgia’s largest and European-technology greenhouse on 12 hectares in Gardabani, Kvemo Kartli Region.

Planta greenhouse is one of the successful investment projects and the fund finished the first phase jointly with Richel Group in spring 2015. Investment value exceeded 10 million GEL and greenhouse complex was constructed on 4.4 hectares. The second phase was implemented in 2016 and Planta greenhouse complex was expended to 12 hectares jointly with another European company Certhon. The second phase investment value made up 22.2 million USD.

In last season Planta greenhouse production marked 2000 tons, but output tripled after the greenhouse complex was enlarged to 12 hectares. Currently, Planta vegetables are sold at all major supermarkets and stores. A part of products are exported to the Russian Federation. In long-term period the greenhouse complex will be expanded to 35 hectares and investment value will rise to 40 million USD.