Emirates Float Glass: subsidiaries secure deal for 20% of production

Emirates Glass LLC (EGL) and a subsidiary of Glass LLC have secured a 20% stake in the total glass production of Emirates Float Glass (EFG), together with Lumiglass Industries (LI) and Saudi American …

Emirates Glass LLC (EGL) and a subsidiary of Glass LLC have secured a 20% stake in the total glass production of Emirates Float Glass (EFG), together with Lumiglass Industries (LI) and Saudi American Glass (SAG). The high-profile business deal is reported as being worth Dhs 20m annually. Under the terms of the contract, EGL and sister companies Lumiglass Industries and Saudi American Glass Company will purchase 100,000 square metres of glass per month from sister company Emirates Float Glass. Raw clear glass from Emirates Float Glass will be coated and tempered by Emirates Glass LLC and sister companies according to the specifications and requirements of architects for diverse construction projects. The major supply of the order, which amounts to an annual 1.2 million square metres of glass, will go to Emirates Glass. Ziad Yazbeck, general manager, Emirates Glass, said, We are very delighted to secure 20% of the production of Emirates Float Glass. By sourcing locally high-quality raw glass from Emirates Float Glass, we will be able to provide coated and tempered glass of top-tier quality that will satisfy the demanding requirements and specifications of our valued customers. Our longstanding commitment to excellence, maintained by using only the finest materials and the most advanced technologies throughout the production process, has bolstered our reputation as the leading glass coater and processor in the UAE and across the region, and as an important player in the global glass processing industry. We are very glad to support our sister companies by providing them with float glass produced with superb craftsmanship and cutting-edge equipment. We are optimistic that this will be a fruitful relationship among Emirates Glass, Lumiglass Industries, Saudi American Glass and our company which will lead to further collaborative business in the future, Ghassan Mashaal, vice president of Emirates Float Glass, added. Faisal Rashid, general manager at Glass LLC, emphasised the market implications of the business deal, saying, This collaboration points to a very active local market for glass and reflects a sustained growth in the demand for the material due to more projects being injected into the construction pipeline. This partnership with our subsidiaries further cements our position as a substantial player in the local market. Yazbeck then explained that the orders will be increased thanks to the joint activities of Emirates Glass and its sister companies, and will be managed by EGL“s state-of-the-art glass processing plant, which will have a new coater installed by September 2009. The facility will have a total capacity of 3.7 million sq.m. of flat glass and will feature a total purchase requirement worth Dhs45m. Currently, the equipment is already the largest and most modern of its kind in the Middle East, and is able to produce a wide range of high-performance, energy-efficient glass products, Yazbeck further commented.