Emirates Float Glass plans $156m new plant
Dubai , July 15, 2008
Emirates Float Glass (EFG) has signed a Dh575 million ($156.5 million) contract with Italian engineering firm Ianua SpA for building its second float glass plant in Abu Dhabi.
The project is being set up with technological licensing agreement with PPG.
The new plant, along with the company’s existing unit in the Abu Dhabi Industrial City, will make Emirates Float Glass the largest single-location float glass manufacturing facility in the region.
The two factories, covering a total area of 320,000 sq m, will have a combined production capacity of 1,200 tonnes per day, said a company official.
EFG is a subsidiary of Glass LLC, wholly owned by Dubai Investments.
“With this contract, the implementation of Phase II of EFG’s expansion plan has been set in motion. Construction work on the new plant will commence immediately,' said Khalid Kalban, chairman of EFG and CEO of Dubai Investments.
'The plant will manufacture a range of products that will cater to the varying needs of architectural, automotive, decorative and other segments in glass business” stated N D Mohanty, general manager, EFG.
The company's first plant is set to commence operations in the second half of 2008. he said.
Ianua is a leading Italy-based company that specializes in designing and building machinery and plants used in glass process transformation. The company is a part of the Finind Group. - TradeArabia News Service