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Home Companies Company News

Investments: African Glass Limited Invests $80Million For Capacity Expansion

Ugodre Obi-chukwu by Ugodre Obi-chukwu
July 1, 2013
in Company News
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glass

June 24st  2013:  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.

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Tags: News Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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