Another creative project formed under UAE Offsets Program

Danway LLC - a subsidiary of Emirates Holding - and UK's Fusion Glass Designs Ltd have joined hands to set a set up a joint venture under the UAE Offsets Program.The two companies will hold 51% and 30% stakes respectively in the new company Danway Fusion Glass LLC.

The remaining 19% stake will be held by Summit Corporate Services Ltd., representing defense contractors Rohde & Schwarz and Diehl of Germany.

Danway Fusion Glass' initial capital will be AED 10 million. The company will produce architectural and decorative glass as well as offer a wide range of novel and highly specialized glass processes including kiln-forming, laminating, sandblasting, screen printing, and back painting. There will be an additional AED 35 million invested to build a glass factory which will become operational by second half of 2006.

The idea behind this project is to fill in the gap of similar products which are not available locally but highly demanded due to the current construction boom witnessed in the UAE and the region.

Read the entire news article on the source link below.

600450 Another creative project formed under UAE Offsets Program glassonweb.com

Others also read

The Permasteelisa Group is installing the façades on the tower designed by IF Architectes in collaboration with SRA Architectes. The tower is located in the heart of the Défense district in Paris and will reach completion in 2020.
The Big 5 celebrates its 40th anniversary from 25 to 28 November at the Dubai World Trade Centre.
The glass processor TVITEC supplied all the glazing in the building envelope, which, in addition to the high-performance glazing solutions, includes half a dozen large size panes that draw strong attention to the main facade.
In early June 2019, the American Institute of Architects (AIA) held the annual AIA International Region Design Awards ceremony in Las Vegas.
Three projects that FGS has been partnered on have received prestigious awards at the Royal Institute of British Architects (RIBA) national awards and the Schueco Awards 2019.
Domino’s stylized map of its three state distribution system is a tasty treat.

From industry

Polígono Industrial El Bayo, parcela I, 19
24492 Cubillos del Sil León
Spain

Add new comment