Export volume of Georgia's Margebeli Holding down
BAKU, Azerbaijan, August 4
By Tamilla Mammadova – Trend:
The total export volume of the Georgian Margebeli Holding company from January through July decreased by 14 percent year-on-year, Trend reports citing Georgian media.
Margebeli Holding produces agricultural products, as well as mineral, fresh water, energy drinks and juices, which are exported to 22 countries.
“The global situation and the global pandemic interfere with the company's plans. According to the data for the seven months of this year, the total export volume of the holding decreased by 14 percent,” the company notes.
Despite declining exports, the company says local sales are growing.
"Margebeli Holding is focused on long-term results. It is important for us to establish stable and long-term relations with partner countries,” the company noted.
In January-June 2020, Georgia exported mineral and fresh water worth $49.4 million, which is 24.5 percent less than in the same period last year. The leading exporting companies also include the Tskali Margebeli company, which is part of the Margebeli holding.
The holding currently manufactures various products under the brands Nabeghlavi, Geo Natura, Raukhi, Bugha and Marneuli Factory.
Follow the author on Twitter: @Mila6197935