Page 48 - GEORptJul19

PSP Group has been operating on the Georgian market for 24 years. It imports medicines, cosmetics and disinfectants and distributes throughout Georgia. In 2000, the company started drug production within its daughter company GMP. Medicines produced in Georgia are already exported to more than 10 countries.
9.2.3 Renewable energy corporate news
German company AE SOLAR has opened a factory in Georgia’s third largest city of Kutaisi to produce solar panels that it expects to export to the European Union, US and Middle East, Agenda.ge reported .
AE SOLAR is one of the world’s leaders in producing solar panels. Georgian Prime Minister Mamuka Bakhtadze said that its plant was an important foreign direct investment for Georgia.
“While attracting foreign direct investments, we should be oriented to high-tech production with export potential which helps Georgia position itself as a high-tech production country,” Bakhtadze said.
The factory will employ 300 people.
Bakhtadze also announced that “during the coming weeks” the construction of a new factory that will produce electric cars will start in Kutaisi.
48 GEORGIA Country Report July 2019 www.intellinews.com