Partnership Fund

Aerostructure Technologies Cyclone, a joint venture between Elbit Cyclone and the Partnership Fund, signed an agreement for Boeing to purchase high-tech aircraft parts manufactured at its factory in Tbilisi, Georgia.

Construction of a Ytong factory has started in Tbilisi, Georgia, with a joint investment of 50 million GEL by Partnership Fund, Archi Group and Xella Group. The factory will open next year, employ over 200 people and produce 160,000 cubic meters of aerated concrete blocks annually.

Aero-Structure Technologies Cyclone (ATC), a joint venture between Elbit Cyclone and Georgia's Partnership Fund, has opened a production facility for composite aircraft parts near Tbilisi International Airport. The $93 million facility will begin production in early 2019.

Elbit Systems Cyclone and Georgia's Partnership Fund opened a new factory in Georgia to produce composite structural assembly parts for civil aircraft, with total investment of $93 million, expected to create 300 jobs and generate $60 million in annual exports when fully operative in about seven years.

ATC, an $85 million joint project of Georgia's Partnership Fund and Elbit Cyclone, is preparing to start production of composite parts for commercial aircraft at a facility near Tbilisi International Airport. Production is scheduled to start before late 2018, with the company aiming to supply Boeing, Airbus, and Bombardier.

ATC (Aerostructure Technologies Cyclone), a joint venture between Elbit Systems and Georgia's Partnership Fund, is building an $85 million aircraft composites plant near Tbilisi International Airport. The facility will produce civil aviation composite parts for Boeing, Airbus and Bombardier, and is expected to be operational by the end of 2017, with production starting in 2018.

The 230MW Gardabani combined-cycle thermal power plant in Kvemo Kartli, Georgia, was commissioned in October 2016. The project cost $220 million and was developed by the Partnership Fund and Georgian Oil and Gas Corporation.