AgroLine to Invest 5 million GEL in Building Nuts Processing Plant in Kakheti Region
AgroLine company plans to arrange a nuts processing enterprise in the village of Chumlaki, Gurjaani Municipality, in late September or early October. The project’s investment value is 5.4 million GEL.
As noted by AgroLine founder Giorgi Meskhidze, the company has been arranging nuts gardens since 2014. The company picked the first small harvest in 2019. In this way, the company decided to build a nuts processing plant.
The plant’s annual output will rise by 500 tons. Namely, the plant’s output in 2021 will be 500 tons and in 2023 – 1500 tons, he said.
“The nuts gardens arranged in 2019 started giving harvest in 2020 and it became necessary to arrange a processing plant. We have designed the project together with Spanish specialists. The plant will be equipped with Spanish technologies by investing 1.9 million GEL, while 3.5 million GEL will be invested in building infrastructure and high-standard sections. Construction works will be performed by Element Construction Company.
The plant will launch an operation this year, in late September or early October. The plant will employ about 25 citizens for processing dried nuts”, Giorgi Meskhidze noted and added that the greater part of the products will be exported to the EU market.
“EU will be the target market with more stable prices, higher equality standards. We have launched negotiations with Spain and Italy, however, final decisions will be taken in the sales process. In the mentioned markets, the demand exceeds the supply. Therefore, we will be competitive in the market.
We plan to direct the while volume of products to exports markets, however, amid the pandemic the export procedures may face some problems and we will have to sell part of the products on the Georgian market”, Giorgi Meskhidze noted.