Business
Posted:
2 years ago
Kula Postpones its Investment Project - Producing Baby Food
Georgian canning company Kula postponed producing baby food for 1 year, until 2022.
According to its founder, Vano Goglidze, the reason is the pandemic.
The company was planning to produce fruit juices and fruit jams. The total amount of investment is up to 3 million GEL. Due to the challenges in investment, the implementation of the project was suspended. The renewal of the Churchkhela project was also delayed.
Kula was founded in 2009. The company currently has 5 enterprises, which are generally located in Shida Kartli region. Kula imports 95% of its raw materials from local farmers and peasants.