Kuwait firm buys 50 per cent stake in Egyptian glass manufacturer

04 October 2010

Kandil Glass plans to raise production to over 300 tonnes per day

Egypt-based manufacturers of glass containers, Kandil Glass has sold a 50 per cent stake to Kuwait’s North Africa Holding (Norah). The investment by Norah is to allow Kandil to finance the construction of a new production facility in the country as part of plans to expand its share in the glass manufacturing sector for the food and beverage industries. Kandil Glass plans to raise its production capacity from the current 55 tonnes per day to over 300 tonnes per day.

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