The FINANCIAL — Brimag company, owner of controlling shares of Elit Electronics, organized a working meeting in Georgia on 29 November. Participants summed up the achievements of the current year in terms of business development as well as new projects.
At the annual report’s meeting participants discussed the results of the current year for Brimag Group, with additional investments expected. It was said that the Group is considering a significant investment project aimed at constructing a new logistics centre.
At the meeting, Brimag Group’s prior year’s achievements were examined, as was the business development angle and upcoming projects in Georgia, including a very important investment in the building of a logistics centre.
Elit Electronics presented its annual report.
Brimag Group and Elit Electronics are investing in several directions. A memorandum of cooperation was signed with NOBILIA, the number one manufacturer of kitchen furniture in Germany. It is expected that the brand will appear on the Georgian market next year.
Brimag Group acquired controlling shares of Elit Electronics in 2011. It has made a multi-million investment in Elit Electronics since that time.
Brimag Group operates one of the largest production and retail networks of consumer electronics. Brimag Group stocks are listed on the Tel Aviv stock market.