Industrial Clothing Company Investment Opportunity in Tbilisi, Georgia

- Company involved in the production of latex-coated work gloves and 7 other types of gloves.

- We are a growing business with an existing 6-year history.

- Our company is one of the only national enterprises in Georgia whose core activity is the production of latex-coated construction gloves.

- The existing production capacity of the enterprise is 11.5 million pairs a year. Currently, we knit 3 million pairs of gloves using our factory-installed equipment.

- The segment’s total market demand is about 50 million pairs per year.

- The company's management has decided to spray 25% of the company's share to attract investment, with attractive and profit-oriented terms and conditions.

- This investment will lead to a 25% reduction in the expenses and the gross profit margin will increase to 60%.

- Our business does not require a license or any other restrictions apart from basic business registration.

Our main and top-selling product is the latex-coated work gloves. We also manufacture agricultural work gloves and glass work gloves. At this stage, the company is producing six types of gloves.

- The glove we manufacture is a high-quality material made according to Eurostandard, competing with all construction and other purpose gloves on the market and imported, which is very cheap because the quality is extremely high.

- Our customer is the largest company in the construction sector of Georgia.

The tangible assets include our manufacturing equipment, factory infrastructure.

We have twenty-three 15G grade glove knitting machines, fifty-seven 13G grade glove.

Knitting machines, and two latex glove coating machines. We have a line whose production is 11.5 million pairs per year, two brands of machines and other machines, the total cost of which is more than GEL 2.2 million.

We have a rented manufacturing facility in Tbilisi with a built-up area of 800 sq. metres.

- The business has two co-founders.

- The company has been existing on the Georgian market for 6 years, created within the framework of a program financed by private investment and participation of the state.

- As a result of the correct and hard work of the company's management, the share of the state property has been redeemed at this stage.