Tses Glass Appoints Germany-based ghs|glass gmbh as the EPCM for Its World's Largest Dynamic Glass Manufacturing Plant, Tses Glass in Tses, Namibia

TSES, Namibia – September 21, 2012 – Tses Glass (Pty) Ltd, the premier glass manufacturing company in Namibia, has appointed Germany-based ghs|glass gmbh as the Engineering, Procurement and Construction Management (EPCM) firm for its planned Tses Glass Manufacturing Plant in Tses, Southern Namibia.Tses Glass is being planned to have all four separate manufacturing plants in a single location Tses; to constitute 7 million net ton of Flat Glass, 7 million net ton of Container Glass, 1 million net ton of Fiber Glass, and 5 million net ton of Ultrathin Glass; for a gross annual total of 20 million net ton capacity, making it the largest dynamic glass manufacturing plant in the world.ghs|glass gmbh, which is specialized in planning, construction and commissioning of large scale glass factories, will work as the leading Technical Consultant for Tses Glass in tangent with South Africa-based IBP Construction Consultants (Johannesburg) (Pty) Ltd, as well as Germany based Siemens AG, and France-based BNP Paribas, for the development and providing elaborate services ranging from conducting a bankable feasibility study, technical concept, system design, engineering, economic and market study, procurement, and construction management for the fast realization of the Tses Glass Manufacturing Plant."We're looking to partner and team up with some of the world's top suppliers as well as local companies for what is needed such as tools, products, equipment, and technology for a smooth development, construction, and operation of our Tses Glass Plant.

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

Tses, Namibia

Phone: +264-81-250-9027

Email: simon@grootgroup.com

Web: www.facebook.com/tsesglass

600450 Tses Glass Appoints Germany-based ghs|glass gmbh as the EPCM for Its World's Largest Dynamic Glass Manufacturing Plant, Tses Glass in Tses, Namibia glassonweb.com

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