BAKU, Azerbaijan, Dec.1
By Tamilla Mammadova – Trend:
Camille Bloch company (specializes in filled chocolates) has entered the Georgian market, according to Produce in Georgia agency, Trend reports via Georgian media.
Camille Bloch plans to arrange hazelnuts plantations in Georgia. The project’s investment value exceeds $10 million.
In January 2021, the company will plant hazelnuts on 50 hectares, but the project calls for arranging hazelnuts plantations on a total of 650 hectares and building a hazelnuts processing plant too.
Negotiations with the company started several years ago. The final stage of these negotiations started between Prime Minister Giorgi Gakharia and the company owner as a part of the Davos Forum in January 2020.
With the support of the Produce in Georgia agency investment team, the company received detailed information on Georgia’s investment potential and took the decision to launch production in Georgia.
"It is worth noting that the Swiss Embassy in Georgia has also taken an active part in the negotiating process,», the Produce in Georgia agency said.
Camille Bloch has already registered its headquarters in Georgia and determined a 561 ha land piece in Georgia (Lagodekhi municipality in eastern Georgia) for the project. The company aims to cultivate hazelnuts using new technology to increase productivity.
Camille Bloch is producing 3,700 tons of chocolate per year. The annual revenue of the company is more than $45 million.
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