Oil Factory to Build in Poti Supported by Bank of Georgia

Bank of Georgia, as a business partner, continues to support businesses. With the financial support of the Bank of Georgia and in cooperation with Ltd Jolio, an oil plant is built in Poti. The construction processes will be completed in November. The company will start the product bottling in a test regime. 40 people will be employed.

The total investment price is $4 million, Bank of Georgia allocated 5 million GEL, which will be used for the building of the factory and purchasing necessary equipment. The factory will be able to process 3000 tons of sunflowers monthly, which equals ot 1 million refined oil bottle production. 

The necessary material will be imported from Ukraine, and already bottled oil will be distributed in both retail and trade networks.

"It is gratifying that another local enterprise is being built in the country in cooperation with the bank. It's an honor to be partnered with such initiatives, which promote business development and creates workplaces. Oil factory will start functioning in November. Bank of Georgia actively continues to support important projects in the region, because we believe, that successful private sector will establish a stronger economy.", declared Zurab Kokosadze, head of corporate banking.