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| Owner |
: |
Emirates Float GlassEmirates Float Glass - UAE
|
| Shareholders |
: |
Glass LLC - UAE
|
| Location |
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Abu Dhabi Industrial City 2, Abu Dhabi, UAE
|
| Contract Type |
: |
Construction |
| Payment Terms |
: |
Lump Sum Turnkey (LSTK) |
| Facility Type |
: |
Float glass plant |
| Capacity |
: |
600 t/d of clear molten glass |
|
| Background |
Emirates Float GlassEmirates Float Glass plans to develop a float glass factory in Mussafah.
The new plant covers an area of 320,000 sq.m. and will have a capacity of 600 t/d of clear molten glass.
Production includes clear, tinted, pyrolytic coated glasses with thickness ranging from 2 -12 mm and high end float glass products equivalent to 12.5 million sq.m. of 5 mm glass.
The glass factory is intended to supply float glass to regional glass processors, architectural and automotive segments and DI's glass processing subsidiaries.
The design engineering was completed by Ianua Engineering.
PPG Industries of USA is the technology provider and Mott MacDonaldMott MacDonald is the PMC.
Ernest & Young and KPMGKPMG are the financial and legal consultants, they also carried out the feasibility study. |
| Latest Events |
In March 2009, the plant started commercial production.
In January 2009, the project was completed (delayed from Q3 2008). However, the plant was still waiting for power supply from ADWEA to start production.
In July 2005, the construction contract was awarded to Ianua Engineering from Italy.
In Q2 2005, the feasibility study was completed. |
| Scope of Work |
Construction of a float glass factory including associated facilities such as forming machine, cold end sprays, furnace, refiner, cooling plate and packaging network. |
| Financing Source |
In September 2006, Emirates Float GlassEmirates Float Glass signed a facility agreement with Emirates bank InternationalEmirates bank International worth USD88 million.
In May 2007, financial closure for a facility of USD79 million was reached.
Emirates bank is the mandated lead arranger and bookrunner of the transaction.
Participating Banks are Abu Dhabi Commercial BankAbu Dhabi Commercial Bank, Lloyds BankLloyds Bank plc and Commercial Bank of DubaiCommercial Bank of Dubai as Lead Arrangers and Union National BankUnion National Bank as Co-Arranger. |
| Contract Packages |
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| Project News |
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| Schedule | Contract Phase/Phase | Description |
| Q2 2005 |
Study | Feasibility study completed
|
| Jul 2005 |
Construction | Contract awarded to Ianua Engineering
|
| Q3 2008 |
Completion | Project was expected to be completed
|
| Jan 2009 |
Completion | Project completed
|
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Master Project
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