Guardian Industries Corp. and its joint venture partners, National Company for Glass Industries Ltd. and Al Zamil Group, report that construction of a new float glass facility at Ras Al Khaimah (RAK),…
Guardian Industries Corp. and its joint venture partners, National Company for Glass Industries Ltd. and Al Zamil Group, report that construction of a new float glass facility at Ras Al Khaimah (RAK), United Arab Emirates, is proceeding according to schedule, the board of managers of the joint venture said. The board held a meeting with operating and construction personnel in the first week of October 2006. Production at the Guardian RAK plant will begin in the 3Q of 2007. The RAK float glass plant will be the second one built in the region by these partners. GulfGuard, located in Al Jubail, was the region“s first float glass making facility, and has served markets in Saudi Arabia and surrounding Gulf countries since it began production in 1996. “Because the regional demand for glass has grown, we were motivated to add new capacity”, said Yousef Abaalkhail, chairman of the board of managers of both GulfGuard and Guardian RAK. “The Ras Al Khaimah plant will more than double the partners“ capacity for float glass and provide the flexibility to increase float glass product offerings”. Upon completion of the Guardian RAK facility, the group plans to dedicate GulfGuard“s capacity to Saudi Arabian customers. The current facility has ample capacity to meet all of the Kingdom“s glass requirements. With an initial investment of approximately USD 115 million, Guardian RAK will produce 700 tons of glass per day to be used in automotive and construction applications, including high-performance coated glass. The RAK facility will employ approximately 300 people and generate as many as 1,000 additional jobs in related supplier and logistics industries. The Gulf region is experiencing a construction boom. Nonetheless, the combined capacity of the new Ras Al Khaimah glass plant and GulfGuard will exceed the region“s float glass demand for many years to come. The board plans to increase production as demand rises.