The Chinese company  South-South Asia- Pacific Finance Center  is interested in the possible investing in the Georgian company Rustavi Steel  LLC.

Representatives of the company are already in the country and are studying  investment projects associated with the plant.
 

According to  the representative of the company, from the point of view of the United Nations both China and Georgia are developing countries which  have a very great potential for cooperation.

Apart from  Rustavi Steel , we are interested in other opportunities for capital investments. We had  meetings with representatives of the government focused on familiarization with  the investment potential of Georgia, in which projects to invest. Rustavi Steel  is our first potential partner, but in the long run we have more extensive plans, "- says  the Chinese businessman.
 

According to Director of the plant Farouk Siduk, the plant's management have several projects which need partners.

"One project requires an investment of $ 100 million, the second - $ 30 mln on the first stage and  $ 70 million – on the second," - he notes.

Rustavi Steel LLC was established in 2011 and acquired the assets of the Rustavi Metallurgical Plant. It is the largest plant  in the South Caucasus.
 

The company's management plans to enter the global markets.

Source:commersant.ge