Saint-Gobain’s Flat Glass Sector To Build A Float Glass Line In Egypt

In view of the strong growth trends in Middle Eastern markets, Saint-Gobain’s Flat Glass Sector has decided to expand its presence in the region with the construction of a float glass production line in Egypt.

This facility is to be operated in a joint-venture that has been founded with MMID (El Mansour and El Maghraby Investment and Development Company), a major Egyptian Group with activities including Real estate and Industry. The float line will be built in Ain El Sokhna, located 120 kilometers east of Cairo and 40 kilometers south of Suez, along the Red Sea coast.

Output from the new facility will be sold on the Egyptian market and also exported to the Middle East and Africa.

The overall cost of the investment will be approximately Euros 120 million. Construction is due to start in 2008 and production in 2009.

This operation constitutes a further step in the Group’s growth strategy in emerging countries, where its Flat Glass Sector now generates some 35% of its turnover.

600450 Saint-Gobain’s Flat Glass Sector To Build A Float Glass Line In Egypt glassonweb.com
Date: 27 November 2007
Source: Saint Gobain

See more news about:

See more from these topics:

Others also read

President of Turkmenistan Gurbanguly Berdimuhamedov took part in the ceremony of commissioning the high-tech glass plant in the industrial zone of Ovadendape of the Geoktepe Etrap of the Akhal Velayat.
Şişecam has submitted an offer for the acquisition of the Sangalli Group’s Sangalli Manfredonia facilities in southern Italy.
Iranian manufacturers are actively mastering the global glass market, paying special attention to new technologies.
This year P-D Refractories is investing around EUR 1.2 million in the expansion of a new post-processing at the Wetro site.
Bangkok Glass (BG), one of the Asian top players in container glass manufacturing, relies on Grenzebach technology for their new float glass line.
International Exhibition for Flat Glass Processing, Products and Accessories in India.

From industry

Is Kuleleri, Kule: 2, Kat: 22, 4. Levent
34330 Levent-Istanbul/İstanbul
Turkey

40 Corniche El-Nil,
Al Sharafain Tower Maadi,
Cairo Governorate
11728
Egypt

101 Venture Way
Secaucus, NJ 07094-1808
United States

Add new comment