PM Garibashvili, Stadler rail technology company talk factory plans for Georgia
Free trade agreements and Georgia’s role as a regional transit hub were also highlighted during the meeting, which comes on the backdrop of initiatives by Garibashvili’s government to launch projects ensuring a role of regional hub for the country. Photo: Georgian governement.
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Plans for launching a factory of Stadler Rail, an internationally recognised rail technology company, in Georgia were discussed at a meeting between Georgia’s prime minister Irakli Garibashvili and Stadler Chairman of the Board of Directors of the company on Thursday.
Garibashvili and Peter Spuhler, who is also the interim CEO of the Swiss-based company, reviewed the possibility of building a factory of the brand that would produce railway components locally, while also providing a repair service.
The Georgian PM’s office said the two sides had discussed the favourable business environment in Georgia and the ongoing and planned reforms in the country.
Free trade agreements and Georgia’s role as a regional transit hub were also highlighted during the meeting, which comes on the backdrop of initiatives by Garibashvili’s government to launch projects ensuring a role of regional hub for the country. Photo: Georgian government.
Stadler Rail is known for building railway rolling stock for rail companies operating across the world, with electric and diesel trains, trams and subway units among the brand’s products.
Founded in 1942, the company employed 7,000 people in 2017 and had subsidiaries in a dozen countries in Europe, North America and South-East Asia.