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Saudi Guardian International Float Glass (Gulf Guard) is looking into setting up a SAR 806 mn plant to produce flat and insulating glass, parent company Zoujaj said in a disclosure to Tadawul. The company will begin to study the feasibility of the plant after earning approval from its board, and has yet to provide any information about the project’s prospective timeline and financing plans.
Location + production capacity: The new facility will be located in Jubail and will have a daily production capacity of 750 tons, the disclosure said.
What’s Gulf Guard? Gulf Guard is a majority-owned subsidiary of Tadawul-listed glass manufacturer National Company for Glass Industries (Zoujaj). The parent company revealed, in April, its plan to add a SAR 47 mn sixth production line, expected to go online in December 2024 with an annual production capacity of 25k tons. Zoujaj also holds a 50% share in The Saudi National Lamps and Electricals Company in Al Hofuf, and it’s a majority owner in Guardian Ras Al Khaimah in the UAE.
More glass plants are expected to go online this year: Tadawul-listed glass manufacturer Raoom Trading is looking to launch a laminated glass production line with Germany’s Benteler with production expected to kick off at the end of October.
