Dubai Emirates Glass, a leading processor of architectural flat glass in the Middle East, said it will invest in glass companies in Qatar, India and Iraq.
The company has opened a Dh160 million post-temperable coating line that aims to boost production capacity to over 3.5 million square metres, a statement said.
UAE Minister of Economy Sultan Bin Saeed Al Mansouri yesterday inaugurated the coating line at Emirates Glass, a subsidiary of Glass LLC and wholly owned by Dubai Investments.
Speaking on the occasion, Khalid Bin Kalban, managing director and chief executive officer of Dubai Investments, noted: "Reinstating Emirates Glass' position as a pioneer in adopting technological innovations, the new coating line will enable the company to capitalise more effectively on the burgeoning demand for energy-efficient architectural glass."
Dubai Investments has invested Dh1.5 billion in four glass factories and plans to invest an additional Dh800 million in 2013-2014.
The expansion will include upgrading of the Emirates Float Glass factory in Abu Dhabi. Furthermore, Dubai Investments will also invest in glass companies in Qatar, India and Iraq.
