Georgian Cement Glue to Enter Lithuania

Formula Construction, the dry mixture products manufacturing company will introduce its products onto the Lithuanian market in late August.

“Test batches have been already transported to Lithuania and Baltic Countries and we will receive the final response in late August.

After this, we will start getting ready to start exports. Before, we will continue usual operation on Georgia market”, Formula Construction managing partner Irakli Khuntsaria said. Located in Avchala, Tbilisi, Formula Construction has invested GEL 1 million in the business. The company’s key products are cement glue, self-correcting floor, coating materials, plasters, and so on. “We make focus on low-income segment to meet the market demands”, Irakli Khuntsaria said. Formula Construction launched the plant building works in August 2018 and issued the first product in June 2019. At this stage, the company manufactures 22 products, but plans to increase the figure to 50 products.