
Emirates Float Glass LLC (EFG), subsidiary of Glass LLC, which is the glass arm of Dubai Investments PJSC, has announced the second phase of investment in its float glass manufacturing facilities.
The move, which will see the construction of a second float plant to complement the company’s existing manufacturing capacity, is in line with Dubai Investments’ business plan to emerge as the largest player in Middle Eastern glass product markets.
“Dubai Investments earlier formed Glass LLC as a holding company to leverage synergy from its many glass business initiatives. Ambitious investments in the range of Dh2 billion ($544 million) are planned for the next four to five years under the aegis of Glass LLC to realise the envisioned growth,” said Khalid Kalban, managing director and CEO, DI.
Commenting on the developments, Jerry Dowling, general manager, Glass LLC, said the EFG LLC plant, which would be built on a 326,000 sq m waterfront site, was designed and implemented with the best of contemporary technology in its field. When in operation, the facility would make available locally, a range of world-class products to supplement growth in the buoyant economy of the Middle East.
Emirates Float Glass will manufacture products for the architectural, automotive and other sectors at the Industrial City of Abu Dhabi. Annual capacity will be 160,000 tonnes.
“Glass LLC, the holding company for Emirates Float Glass, has business interests in several Middle Eastern countries, and is furthering plans for greenfield/brownfield ventures to cement its position as the largest player in the segment,” said Dowling. “We have been receiving tremendous interest and support from shareholders and partners as we pursue our goals, and are confident that our current and future projects will be completed on time and within the budget.
“We aim to offer excellent product range and quality, coupled with top-notch service to our customers, ensuring value for money, in a highly demanding market place.”