Consol invests R1,9bn in new Nigel glass factory

Africa's largest glass manufacturer Consol will build a new R1,9-billion glass factory in Nigel, boosting its yearly output by 25%, the group announced on Monday.

The new glass factory would increase the group's yearly production by 220 000 t to over one-million tons, which is more than four-billion glass containers, said MD Mike Arnold.While current production capacity exceeds demand, Arnold said that the expansion would ensure there was sufficient production capacity to meet foreseeable market growth expectations.The new glass factory would be designed initially to be a two-furnace operation, each with an output of 400 t/d and would be built in two phases.The first phase, costing R1,3-billion, would consist of all the factory infrastructure development, the production service equipment and the first of two furnaces, which would be commissioned by September 2011.

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600450 Consol invests R1,9bn in new Nigel glass factory
Date: 3 March 2010

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