With a target production of 500 tonnes per day, the new plant will
significantly contribute to remedying the shortage of domestically
produced float glass
PORT HARCOURT, Nigeria, May 31, 2013 /CNW/ - Egi MJG Float Glass, a
joint venture between the Egi Community (via the Egi People's
Assembly), Mara Group, JS Group and Ghani Group, announces the
groundbreaking for their first float glass manufacturing plant in
Nigeria. Given the growing demand throughout the continent, this plant
could represent the first of several facilities built and operated by
the joint venture, ultimately laying the foundation for a West African
glass manufacturing sector.
(Logo: http://photos.prnewswire.com/prnh/20130531/618246-a )
(Logo: http://photos.prnewswire.com/prnh/20130531/618246-b )
(Photo: http://photos.prnewswire.com/prnh/20130531/618246-c )
Egi MJG Float Glass brings together international groups with
complementary sector and local expertise. Mara Group is a multi-sector
conglomerate with operations in 19 African countries, founded by Ashish
J. Thakkar. JS Group is an industrial conglomerate with investments
primarily in developing economies throughout Asia, the Middle East and
Africa. Ghani Group is a leading glass manufacturer with plants in the
UAE and Pakistan, and a total production capacity of over 300,000
Today, Nigeria lacks domestic float glass manufacturing and is highly
dependent on imports from Europe, South America and China.
Simultaneously, domestic demand is increasing as a result of the
country's booming housing industry, and currently estimated at 360,000
tonnes per year.
The production facility in Rivers State aims to produce 500 tonnes of
float glass per day for a variety of applications spanning from
architectural solutions to the automotive industry. Key inputs and raw
materials are abundantly available in the area, notably in terms of
land, natural gas and silica sand. The total investment for the project
will amount to $110 million during the first phase, and an additional
$100 million during the second expansion phase.
During the groundbreaking ceremony, Prashant Manek, Director at Mara
Group, declared: "This project is a first step in making Nigeria
self-sufficient in terms of glass manufacturing. As a result of the
strategic location and the locally available raw materials, we are
highly confident that we will be able to build a world-class,
Ali Siddiqui, CEO of JS Group, stated: "Since the year 2000, the global
float glass industry has experienced strong growth. In particular, the
industry has significant potential in West Africa and this project is a
strategic investment in the building materials sector in Nigeria."
Peter Scully, CEO of MJG EGI Float Glass, added: "This new plant is not
only a strategic business opportunity; it will also have a positive
impact on the community in terms of employment and the redeployment of
The land allocated for the Rivers State glass manufacturing plant
belongs to the local Egi Community. The Community is strongly
supportive of the project, given the expected benefits to the area, and
is also a meaningful shareholder in the plant.
Chief Oris U. Onyiri, President-General of the Egi People's Assembly,
concluded: "We are extremely excited about the development of this
plant, the employment it will create and the transformation it will
bring to our community. It gives us great pleasure and comfort to be
partnering with such global reputable companies."
SOURCE: Mara Group and JS Group
For further information:
Communications Director, Mara Group