Tses Glass (Pty) Ltd Appoints IBP Construction Consultants (Pty) Ltd As Technical Engineers for Its World’s Largest Dynamic Glass Manufacturing Plant in Tses, Namibia

WINDHOEK, Namibia – August 10, 2012 – Tses Glass (Pty) Ltd, the premier glass manufacturing company in Namibia, has appointed South Africa-based IBP Construction Consultants (Johannesburg) (Pty) Ltd as the Technical Engineers for conducting the Feasibility Study of its planned glass manufacturing plant, Tses Glass, 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.Singapore-based Aurecon Group, through its Namibia-based subsidiary, Aurecon Namibia, is to conduct and handle the Environmental Impact Assessment Study and the Environmental Monitoring Plan for the Tses Glass Manufacturing Plant.

The Company hopes to have the United States based Fluor Corporation through its South Africa-based Fluor SA (Pty) Limited, as its EPC, and is looking to sign with Germany-based Siemens AG, as the supplier of its needed automated glass making technology, equipment, and processes for the successful and efficiently manufacturing flow of the Tses Glass Manufacturing Plant.

"We are glad for such a big investment brought to Tses. This is certainly a dream come true for the Tses community in terms of uplifting and boosting the Tses socio-economic development and our living standards. Through this development, Tses will definitely expand and be upgraded to Town status as this project will attract more investors to Tses, the smile of Karas Region. The current town planning will thus be redesigned due to the expected impact of the influx it will have on the Village. And we rally behind this project and support it and are very much positive that it will change the livelihood of our people for the better in the South and at large, the whole Namibia. Tses will rapidly become an industrialized town to achieve the aims and objectives of Namibia Vision 2030." Exclaim Mr. Ivan Vries (CEO of Tses Village Council) and Mr. Karl Eiseb (VDC-Member) from Tses Village Council.

The construction of the Tses Glass Manufacturing Glass is expected to begin in May 2012 and is expected to produce glass products with international quality standards for the markets around the world, specifically Africa, US, Europe, the Middle East and Asia. Tses Glass will comply with a range of international standards including Japanese Industrial Standards; European Standards; Australian and New Zealand Standard.

"Tses and the entire southern Namibia area are plentifully endowed with awesome raw materials for producing great glass products possibly for the next 150+ years. Hence our Tses Glass products will be made with highly selected ingredients such as the silica sand has low iron content for a production of clear glass with less green and higher light transmission to improve visual aesthetic to exceed the international market’s expectation." States Simon Kapenda, Tses Glass Project Manager and CEO of Groot Group.

Budgeted at more than US$5 billion (N$41 billion) for its development and construction, and taking in account of 430 workers per ton for a 20 million net ton capacity, Tses Glass expects to create more than 46,500 direct manufacturing jobs in Tses alone with more than 233,000 new indirect job opportunities throughout Namibia.

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.

600450 Tses Glass (Pty) Ltd Appoints IBP Construction Consultants (Pty) Ltd As Technical Engineers for Its World’s Largest Dynamic Glass Manufacturing Plant in Tses, Namibia glassonweb.com

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