Plans for launching a factory of Stadler Rail, an internationally recognized rail technology company, in Georgia were discussed at a meeting between Georgia’s prime minister Irakli Garibashvili and Stadler Chairman of the Board of Directors of the company.
Garibashvili and Peter Spuhler, the interim CEO of the Switzerland-based company, reviewed the possibility of building a factory of the brand that would produce railway components locally, while also providing a repair service.
The Georgian PM’s office said the parties discussed the favourable business environment in Georgia and the ongoing and planned reforms in the country.
Stadler Rail is known for building railway rolling stock for rail companies operating across the world, with electric and diesel trains, trams and subway units among the brand’s products.
Founded in 1942, the company employed 7,000 people in 2017 and had subsidiaries in a dozen countries in Europe, North America and South-East Asia. (Agenda/Business World Magazine)
