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 of the Glass entities to leverage synergy from its many glass business initiatives to deliver the best of products and services to the customers in the region. Thus, ambitious investments in the range of AED 2 billion are planned for the next four to five years under the aegis of Glass LLC to realize the envisioned growth,” said Khalid Kalban, Managing Director and Chief Executive Officer, DI. Commenting on the developments, Jerry Dowling, General Manager, Glass LLC added: “The EFG LLC plant, which will be built on a 326,000 square meter waterfront site land, is designed and implemented with the best of contemporary technology in this field from a highly reputed global Technology Licensor and Turnkey Contractor. When in operation, the facility will make available locally, a range of world class products to supplement the sectoral growth in the buoyant economy of Middle East.”
Emirates Float Glass will manufacture products that will cater to the needs of architectural, automotive and other segments in glass, and has an annual capacity of about 160,000 tons of glass products. Located at the Industrial City of Abu Dhabi, the daily production capacity of the state-of-the-art manufacturing plant is 600 tons of glass. “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 largest player in the segment.
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,” Dowling concluded.