And having the experts of ghs|glass gmbh is the core step in developing Tses Glass as the finest and largest glass manufacturing factory in the world." States Simon Kapenda, Co-Founder and Managing-Director of Tses Glass.
Budgeted at more than US$5 billion (N$41 billion) for its development and construction, Tses Glass expects to create more than 47,000 direct manufacturing jobs in the Tses area alone with more than 230,000 new indirect job opportunities throughout Namibia. The Tses Glass is being financed privately on a project financing’s debt and equity basis with France-based BNP Paribas to serve as its Financial Advisor. The construction of Tses Glass is planned to start in May 2013.
About Tses Glass
Tses Glass (Pty) Ltd is a Namibia-based premier company involved in an integrated glass production with its headquarter offices and base of production operation to be based in Tses, Namibia. The Company is a joint-venture between Groot Group, Tses Village Council, SDS Group, and Nissi Group. Tses Glass plans to have an annual gross production capacity of 20 million net tons of glass, making it the largest dynamic glass manufacturing plant in the world.
Simon Kapenda, Managing-Director
Tses Glass (Pty) Ltd