African Glass (Nigeria) Ltd today announced the planned expansion of its glass operations in Nigeria. The sole producer of opaque glass in Nigeria intends to set up a state of the art float glass plant. The plant will have a capacity of 500 tonnes per day. The company and its European consultant have completed a market study in the last six months. The company will locate this new plant in Ogun State. The state of the art technology will be provided by a European supplier; negotiations are at the final stage.
The spokesperson for the company Barr. Uche Iwuamadi stated that the $80 million investment would be the first step in their diversification into the float glass production arena to supply the Nigerian and West African markets. African Glass currently supplies glass for construction domestically and to neighbouring ECOWAS countries. The spokesman added that the size of the investment reiterated the lasting commitment of African Glass to the industrial development of Nigeria in spite of the constraints on power and natural gas supplies, the import of material from China and the logistical difficulties associated with both raw material supply and the delivery of finished product.
African Glass is an affiliate of African Industries, a diverse manufacturing group with long standing experience in Nigeria. African Industries operates in the steel, chemicals, power and glass industries and employs a multicultural work force of 4000 people.
