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Dubai Investments plans USD 200 million addition to glass interests

In a move to expand its investments in the glass industry, UAE-based Dubai Investments PJSC plans to set up a float glass plant estimated at some AED 735 million (USD 200 million/EUR 153.3 million), i…

In a move to expand its investments in the glass industry, UAE-based Dubai Investments PJSC plans to set up a float glass plant estimated at some AED 735 million (USD 200 million/EUR 153.3 million), it was reported on 21 February 2005. Advising on the project are accounting and consultancy firms Earnst & Young and KPMG. The new float glass plant will have an annual capacity of 160,000 tonnes of glass. Dubai Investments was set up in 1995. The company, which is listed on the Dubai Financial Market (DFM), plans to seek listing on the Abu Dhabi Securities Market (ADSM). Dubai Investments“ glass subsidiaries include the Emirates Glass architectural glass plant and the newly-opened Lumiglass auto glass plant.

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