The FINANCIAL — Minister of Economy and Sustainable Development of Georgia Giorgi Gakharia opened a new coffee enterprise Mondo in Tbilisi. The enterprise was funded within the state program Produce in Georgia.
BB Company is a beneficiary of the state program Produce in Georgia, which means that Produce in Georgia Agency co-finances the interest rate during the 2-year period. Total project investment implemented with the support of the Agency amounts to 4 320 000 GEL.
With the support of the Produce in Georgia, production of milled and packaged coffee under the label Mondo was launched. Production process is fully automotive and two largest Italian coffee laboratories are involved in creating the recipes and aroma. Giorgi Gakharia, accompanied by the Deputy Minister of Economy and Sustainable Development Giorgi Cherkezishvili and the Head of the Produce in Georgia Agency, examined the production process at the site.
As the Minister of Economy and Sustainable Development stated, the Produce in Georgia Agency facilitated the establishment of the production based on the newest European technologies, according to Ministry of Economy and Sustainable Development of Georgia.
“Participation of the LEPL Produce in Georgia Agency of the Ministry of Economy and Sustainable Development in creation of this production is expressed in subsiding the interest rate of a million dollar loan. We can observe that completely new line of production has been launched here, business has expanded by adding a new component and now it is able of coffee processing starting from a very basic phase. The company buys raw, unrefined coffee beans and proceeds it until the final product. A new brand based on the production of the advanced European technologies has been launched and we welcome this fact” – Giorgi Gakharia stated.
As the Minister noted, he expects that a cup of high quality espresso of Georgian production will be soon available in numerous cafes and other facilities of Tbilisi.
“It is important that we witnessed the diversification since the company, whose main business was to deliver technologies to the different networks, now is able to supply companies with their own products,” – Giorgi Gakharia noted.
The Company aims to take its place in retail sector. However, the BB Company plans to expand product assortment in the future and export its production outside the Georgian market. At the first stage of the enterprise opening, the company provided jobs for 15 people.
“Nowadays we have the opportunity to release several types of coffee. At this point we are represented at the market with the brand Mondo. We are also going to expand our business in more directions. We are also interested in the HoReCa segment.
Since we have the first professional and qualified espresso technology in Georgia to produce coffee, which will compete with European and Italian brands,” – Nikoloz Pelangia, a head of the BB Company’s Board stated.
The BB Company imports Italian coffee and professional kitchen/bar equipment to Georgia. In 2017, the company decided to open its own coffee enterprise in order to introduce new standards of coffee consumption in Georgia.
“Another new enterprise has been opened within the program Produce in Georgia. The company took advantage of an industrial component, earned a million dollar loan, where we have financed 180 000 USD. The company has employed 15 employees and the total investment amounts to 4 million 320 thousand GEL,” – Mariana Morgoshia, the Head of the Produce in Georgia Agency noted.
At this point, Mondo is targeted on the local retail sector and plans to expand its production in order to export it outside the Georgian market.
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