Georgian, Chinese investors pledge $120m to build cement factory in Georgia
Tweet 
Share
Construction of a $120 million USD Georgian-Chinese cement factory has begun in Georgia’s western Samegrelo region today.
A sod-turning ceremony was held today to mark the beginning of construction of the Black Sea Cement plant, and attended by Georgia’s Prime Minister Giorgi Kvirikashvili in Senaki township.
This is a great example of the partnership between Georgia and China,” Kvirikashvili said at the ceremony.
He said the large-scale project was important in terms of its contribution to the state budget and for local people and their employment.
Black Sea Cement was a joint venture by the Asian-African Business Management company, Hualing Group and a Georgian construction company.
The facility will span 20 hectares in Senaki. Once built and operational, the factory will produce 900,000 tonnes of clinker and 1.5 million tonnes of high quality cement annually.
Up to 500 workers will be employed in the factory, the majority of whom will be the local population.
Investors in the project said special noise reduction equipment would be installed to reduce noise emitted while making the concrete.
While in Samegrelo, Kvirikashvili attended a traditional horse race called Marula. Riders from all over Georgia participated in the event.
Photo by PM's press office.
Kvirikashvili hoped the old tradition would soon be brought back to life and Senaki would become the centre of horse riding.
From Senaki PM Kvirikashvili travelled to Abasha town and visited the West Georgian Bakery, an enterprise funded by the state program Produce in Georgia.
Photo by PM's press office
The bakery was established in 2015 and it employed 44 local residents.
Kvirikashvili will stay in Samegrelo for the afternoon and visit several other businesses in the region.
Residents living in the eastern suburbs of Georgia’s capital Tbilisi are now able to receive pediatric and adult inpatient services in a new local hospital. Prime Minister Giorgi Kvirikashvili this afternoon opened a new, 100-bed hospital near Tbilisi Sea.
An elevator manufacturing factory will soon open in Georgia’s second largest city, Kutaisi. Chinese company Hualing Group will make a significant investment in the construction of the factory.
Two major Chinese companies are helping revive Georgia tea industry by developing an industrial- commercial, and cultural-tourism project to support the rehabilitation of tea plantations and improve the quality of tea produced in Georgia.
A new Chinese airline could soon make history by launching regular flights between Georgia and the United States (US). This was announced after Georgia’s Prime Minister Giorgi Kvirikashvili met a major Chinese investor in Tbilisi this afternoon.
Chinese conglomerate Hualing Group is strengthening its banking arm and business portfolio in Georgia by creating "a universal bank” that is projected to be the third largest player in the Georgian market.
Georgia is offering Chinese investors big opportunities to explore the country’s free and open economy.
Georgia is embracing its growing ties with China by exploring new ways for mutual cooperation.
Georgia is taking a major step forward to develop its railway infrastructure, forge closer ties with China and boost its economy by building a new factory that will manufacture modern electric locomotives.
Georgia and China are strengthening cooperation within the ‘One Belt, One Road’ initiative – a vast development strategy starting in China and spanning across Eurasia.
The Georgian capital of Tbilisi will have one of the largest trading centres in the South Caucasus as Hualing Tbilisi Sea Plaza has officially opened today. With a total investment of around $150 million USD (about 370 million GEL) the trading centre offers up to 400 shops.