| 16 Nov 2008 |
|
Emirates Float Glass signs Technology Licensing Agreement with PPG for its second manufacturing facility
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New production plant will make EFGEFG
the region's largest single-location float glass manufacturing facility with a total capacity of 1,200 tons per dayDubai: Emirates Float Glass (EFG)Emirates Float Glass (EFG)
, a subsidiary of Glass LLC, wholly owned by Dubai Investments PJSC, has signed a technology licensing agreement with American conglomerate PPG Industries for its second float glass manufacturing facility in Abu Dhabi. The construction of the new plant, which complements the company's existing production unit in the Abu Dhabi Industrial City, will enable Emirates Float GlassEmirates Float Glass to become the largest single-location float glass manufacturing facility in the region. The two factories, covering a total area of 320,000 square meters, will have a combined production capacity of 1,200 tons per day.
Commenting on the agreement, Khalid Kalban, Chairman of EFGEFG and Managing Director and CEO of Dubai Investments, said, "EFGEFG's license agreement with PPG Industries would ensure the best process and product technology services and process assessment."
"Emirates Float GlassEmirates Float Glass
was founded with a vision to become the largest float glass manufacturer in the region, and the launch of this second production unit marks a significant step in realizing our strategic objectives. This expansion project will help to considerably boost EFGEFG's business readiness and will allow us to quickly and efficiently cater to the diverse needs of our growing customer base," Kalban added.N. D. Mohanty, General Manager of Emirates Float GlassEmirates Float Glass, said, "EFGEFG's continued business relationship and collaborative initiatives with PPG USA, as technology licensor, reflect the strong foundation of this ambitious venture between the two companies, and we are confident that our collective synergies will enable EFGEFG to establish a solid foothold in the regional market by delivering advanced product ranges. Within the next 2-3 years, we plan to further expand our operations by setting up a number of related value added and special product glass processing facilities in order to meet growing consumer demand."
Mr. Mark J Orcutt, Vice President of PPG Industries, expressing complete confidence in EFGEFG
's success, stated: "PPG will assure both short term and long term success of EFGEFG through transfer of state-of-the-art technology to produce a wide range of high-end float glass and related products as well as through ongoing technical and marketing support."PPG Industries, founded in 1883, is a global supplier of glass, coatings, fiber glass and chemicals. The company has about 50 production facilities in the United States and about 108 facilities worldwide, including subsidiaries, joint ventures and equity affiliates.
The construction contract for EFGEFG's second plant has been awarded to Ianua S.p.A, a leading Italy-based company that specializes in designing and building machinery and plants used in glass process transformation.
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Rendala Majdalani
Headline Public Relations
Tel: 9714 - 2289655 Ext 104
Fax: 9714 - 2282125
Email: rendala@headlinepr.com
© Press Release 2008
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