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Rustavi fertilizer company set to increase production

By M. Alkhazashvili
(Translated by Diana Dundua)
Friday, February 1
Energy Invest, which owns Rustavi-based fertilizer company JSC Azoti, plans to invest USD 15 million in the company in 2008 to increase nitric acid production, the news agency Regnum reports.

JSC Azot doubled production in 2007 after securing USD 20 million in investments. Chemical fertilizers are one of Georgia’s top exports.

Energy Invest, an affiliate company of Russia’s Vneshtorbank, acquired JSC Azot in 2005 for USD 20 million, according to Reuters.