Georgian company makes car parts for Toyota
Friday, September 23Japanese car manufacturer Toyota is now producing vehicles that use aluminum ingots imported from Georgia.
A Georgian company, Legometal, has been supplying Toyota with Georgian aluminum ingots for the past several months.
Legometal – a ferrous and non-ferrous metal exporter which also sells wreckages – is a 100 percent export-oriented company that targets markets in the European Union (EU) and Japan.
The metal manufacturing factory was built within the state program ‘Produce in Georgia’ in May 2016, however the company itself was created in 1990 but had no place to operate. The ‘Produce in Georgia’ scheme partially funded the new factory, which employs 40 people.
About $1.5 million USD was invested in the Legometal factory, according to the Entrepreneurship Development Agency (Enterprise Georgia) of Georgia’s Ministry of Economy.
Legometal plans to expand further and build another factory that will process copper and brass.
Official figures showed in January-August 2016 Georgia's top exported items were copper ores and concentrates, (worth $205 million or 16 percent of total exports) followed by ferro-alloys (worth $112 million or nine percent of total exports) and motor cars (worth $103 million or eight percent of total exports). (agenda.ge)