Business | Construction
Emirates Glass announces Dh175m plant at Dubai Investment Park
Emirates Glass on Saturday announced the start of construction of its Dh175 million plant and headquarters.
- Staff Report
- Published: 17:21 July 12, 2008
- Image Credit: Supplied picture
- An artist's impression of Emirates Glass's plant being built in Dubai Investments Park. The initial phase of the project began in the first week of June and is expected to be completed by March next year.
Dubai: Emirates Glass on Saturday announced the start of construction of its Dh175 million plant and headquarters.
The new premises will also house Lumiglass Industries, the company said in statement.
"Expansion of our operations in the last few years and the EGL's acquisition of a new coating plant have necessitated an upgrade of our facilities," said Ziad Yazbeck, General Manager, Emirates Glass and Lumiglass.
Prompted by the construction boom in the Gulf region the company has plans to expand its reach to both regional and global markets.
The company reported 106 per cent increase in net profits last year while its overall output increased 30 per cent during the same period.
Emirates Glass had increased its coating capacity to 3.7 million square metres of flat glass products per annum by installing a new glass coating line at a cost of Dh100 million last year.
More from Construction
More from Business
Business Editor's choice
-
Saudi-Bahraini economic ties hit new high
Whilst press reports continue speculating on a possible new political structure defining ties between Saudi Arabia and Bahrain, facts on the ground confirm ever- stronger economic ties between the two neighbours
-
Cupid targets the Fed with early tweets
Declarations range from pure romance to cute overtures and racier fare
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
