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China Glass breaks ground on USD 300 mn plant to produce flat glass + PV glass in Egypt: CNG Egypt New Energy Glass — a company set up by China Glass Holding — has broken ground on its USD 300 mn glass production plant in the Ain Sokha Industrial Zone, according to a government statement released on Thursday. The project will have an annual production capacity of around 230k tons of PV glass.
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About the project: The glass plant will be located at China-Egypt Suez Economic and Trade Cooperation Zone (TEDA) on a lot of 500k sqm. The project will target the local market as well as exports to North Africa, the Middle East and Europe, with an export capacity of up to 240k tons annually — including for both flat and PV glass — and projected export revenues of up to USD 120 mn annually.
We knew this was coming: China Glass signed an agreement to set up the factory as part of a slew of agreements slated for the TEDA trade zone signed during the Forum on China-Africa Cooperation back in September. Other agreements made at the forum include a USD 100 mn factory for N-type solar cells built by Elite Solar, and a USD 500 mn green chemicals facility by Befar Group that will utilize renewables and low-carbon sources of energy.
About China Glass: China Glass is broken up into four segments of glass production— clear glass, painted glass, coated glass, and “energy saving and new energy glass,” which includes low emissions coated glass and PV glass products, according to Zawya.
