Sphinx Glass, a fully owned subsidiary of Egypt’s Mena Glass, has signed a $143m agreement with Italian contractor Ianua for the engineering, plant construction, assembly and supervision of a greenfield float glass manufacturing facility.
The plant, located in Sadat City north of Cairo, will be Egypt’s largest float glass manufacturing facility. The factory, covering 220,000 square metres, will have a production capacity of 600 tonnes a day of clear, coloured and reflective glass. Construction of the plant will start immediately and is expected to be completed by 2010.
Mena Glass was established by Egyptian private equity firm, Citadel Capital to develop opportunities in the region’s glass industry. Mena Glass also holds a 35 per cent stake in containtier glass manufacturer, Misr Glass Manufacturing.
Float glass is a type of glass made by floating molten glass on a bed of molten tin, giving the glass a uniform thickness and very flat surface. It is commonly used as window glass and in the automotive industry.
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