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Glass coating lines win orders worth $76m in H1

DUBAI, August 25, 2015

Glass, the first glass holding company in the Middle East and a wholly-owned subsidiary of Dubai Investments (DI), has announced that its coating lines have won projects exceeding Dh280 million ($76.2 million) in the first six months of 2015.

The coating lines comprise subsidiaries Emirates Glass (EGL) and Saudi American Glass (SAG).

New orders during the period include projects worth Dh150 million ($40.82 million) in the UAE, Dh75 million ($20.41 million) in Saudi Arabia, and Dh45 million in Qatar, Bahrain, Oman and Kuwait, said the company.

Rizwanulla Khan, executive president for Emirates Glass, Lumiglass Industries and Saudi American Glass, said: “The order books of our glass subsidiaries are strong this year, in line with the increasing demand for our high-quality, energy-efficient products. Our portfolio of ongoing projects in strategic markets across the GCC has cemented our credibility and position as a trusted supplier of glass products for iconic real estate projects.”

He added: “It’s not just tall towers that we are known for today; but we are also the supplier of choice to many of the major residential developments currently in construction throughout the region. Glass LLC also provides premium quality glass solutions to the construction, automotive, security and defence industries and is eyeing growth across the region and into newer markets in order to realise our envisioned growth.”

Glass  subsidiaries also boast of strong order books for projects in the GCC, which include 250,000 sq m of Solite coated glass for ‘Akoya by Damac’ Apartments and Villas, 80,000 sq m of E-Lite Blue glass for Dubai Design District, 40,000 sq m each for Viceroy Hotel in Dubai, Abdel Wahab Tower in Doha and Heart of Doha projects, 35,000 sq m for Worli Oberoi Hotel in Mumbai, 25,000 sq m for Warsan development in Dubai, among others.

Glass  is also tapping into new exports markets in the coming months, to complement its existing presence across the GCC and the Middle East and North Africa (Mena) region. The new markets include India, East Africa, South Africa, Turkey and other Asian countries.

Glass is an inherent part of the construction industry in the region, and with over $4.3 trillion forecast to be spent on construction in the Mena region in the current decade, there is huge demand for cut-to-size, sustainable, post-temperable coated glass products for both commercial and residential projects, the company said. - TradeArabia News Service




Tags: Glass | Emirates Glass | Coating |

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