Leading dignitaries from Government and business houses including investors, glass processors, fabricators, building developers, consultants and contractors attended the function.
Khalid Kalban, MD and CEO of Dubai Investments thanked the excellent support provided by Higher Corporation of Specialized Economic Zone (HCSEZ) and the management team of ICAD, which has helped in expediting the project construction activities.
The float glass production plant, being constructed at a cost of US$ 193 million, will have an annual capacity in excess of 160,000 tons of architectural, automotive, pyrolytic, coated and special products. The design engineering has been completed by the turnkey contractor for the project - IANUA of Italy and licensor PPG Industries, USA. The 600 tons per day manufacturing facility will incorporate state-of-the-art technology features, leveraging the advancement of glass science and technical developments by PPG Industries worldwide.
The detailed roadmap towards the completion of this project has been drawn with the involvement of various participating agencies to accomplish the commencement of operations and overall schedule.
Kalban said, With the setting up of such facilities in glass and related segments, the glass division of Dubai Investments will endeavour satisfying the varying needs of regional consumer demands and will offer best of quality, availability and delivery.
The Emirates Float Glass LLC manufacturing facilities at ICAD II will be the first company to commence industrial activity in this zone. Considering the proposed plans of investment in ICAD II neighborhood by various industries, it is envisaged that the industrial zone will house diversified manufacturing units which in a large way, will complement each other.
EFG is another milestone towards the major initiatives of Dubai Investments to build a conglomerate with a whole basket of product ranges in glass applications and emerge as a leader in glass solution business in the region. The projects, besides having strategic importance to UAEs industrial development, would also help leverage the industrial growth of upstream and downstream manufacturing facilities aligned to this business segment and usher in an era of rapid investment opportunities in the manufacturing sector, added Kalban.