With the Support of Enterprise Georgia one more factory was expanded

With the Support of Enterprise Georgia’s Industrial component, the factory which produces semi-finished plastic bottles and milk containers was expanded.

The company Alfa Pet is engaged in the production of semi-finished plastic bottles and supplies manufactured products to companies such as Coca-Cola, Borjomi, Sno, and others. Simultaneously, the company produces up to 15 million dairy products per year and sells its products in Armenia and the local market.

The total investment for the project is 30 million GEL, and at this stage, 54 people are employed.

It should be noted that Alfa Pet receives financial support through the industrial component, which means that the interest rate of the loan will be covered by Enterprise Georgia.

Recall that to alleviate the situation caused by the pandemic; changes were made to the industrial component of the agency:

• The loan limit for participation in the program has been reduced to 50 000 GEL, and
• the maximum loan amount raised to 10 million GEL.
• Moreover, the number of co-financing months increased from 24 to 36 months.

To learn more about the Industrial Component, press the button below: