Nicosia, Cyprus–(business wire)–Kasatri Group Holding, a leading beverage maker in Lebanon, has acquired a subsidiary under ‘Boutique Beverage Bottling Int’l Ltd’ as part of an ambitious plan to transform the brand from a regional powerhouse to a global player. started construction of a new plant in Cyprus.
The megaplant in Ypsonas, Limassol, is expected to be fully operational by the end of 2023 and aims to make the island its home base and create more than 100 jobs within a year.
Founder Akram Kasatry said:Cyprus’ favorable tax regime is attractive, but the most attractive is its geographical advantage over Europe, Africa, the Gulf States, the Americas, and most importantly, the product has the Mediterranean and European seals, ensuring that consumers It’s something I long for. World wide. ”
Discussing the logistics of moving an integral part of the business to Cyprus, Mr. Casatry said the input, advice and professionalism of the Invest Cyprus team made the experience enjoyable and painless.
“Invest Cyprus played a big role in our decision to make Cyprus our home base,” he said. “From the moment we submitted the business plan, to the exceptional and prompt response to the planning department’s quick assistance in bringing the new factory to life, each step has been a positive surprise. ”
George Campanellas, CEO of Invest Cyprus, said it was always a “pleasure” to welcome the Kassatly family to the island and cater to companies looking for new markets in Europe and beyond. .
“Kassatly Group Holding has long been a regional leader in innovative beverages. It is therefore very rewarding to be involved in the next phase of the development of this pioneering company.
“As a national agency responsible for attracting foreign investment and providing certainty to foreign companies operating in Cyprus, it has the kind of support an ambitious company like Kassatly Group needs to realize its global aspirations. We are happy to provide the platform.
“Located at the crossroads of Europe, Asia and Africa, Cyprus is complemented by a highly skilled and multilingual workforce, a strong legal framework and a business-friendly environment, making the island an ideal place to do business. It has become an investment destination. ”
About Invest Cyprus
Invest Cyprus (Cyprus Investment Promotion Authority) is the investment promotion agency of the Government of Cyprus, dedicated to attracting and promoting foreign direct investment into the country. Invest Cyprus is the country’s leading agent in establishing Cyprus as a world-class investment destination, working closely with all governmental authorities and public bodies, the private sector and international experts. Invest Cyprus’ mandate increases the visibility of Cyprus as his FDI location around the world and provides certainty in all aspects of operating a business in Cyprus, helping potential investors to invest in the country’s business. To help develop the case. Visit https://www.investcyprus.org.cy/
About Cassatory Group Holding
The Kassatly Group was born in 1974 with a bottled fruit syrup called Jallab. A revolutionary product at the time, the Beirut-based company has built on this success with liqueurs, award-winning wines, a mix of alcoholic and non-alcoholic party drinks, and his successful 2014 Beirut. He quickly developed a number of new beverages, including his beer. business. http://www.kassatly.net/