$5bn Namibian manufacturing plant planned
A group of African companies is to form a $5bn (N$41bn) glass manufacturing company in Tses, Namibia.
Tses Glass will focus on producing glass products for float glass, hollow glass, glass wool and fibre, cast glass and ultra-thin glass.
These are used for the construction of residential and commercial buildings as well as for automobiles, kitchenware, bottles, touch screen computing and smart phones devices. The plant will serve markets worldwide.
Tses Glass seeks to partner with some of the world’s largest glass manufacturing equipment makers, technology providers and suppliers for its plant.
Tses Glass expects to create more than 8000 direct manufacturing jobs in Tses and more than 40,000 indirect jobs in Namibia.
The plant is being formed by a group of companies all with an equal share in the Tses Glass (Pty) Ltd joint venture: Groot Group, SDS Group, Nissi, and the Tses Community.
“This glass manufacturing plant is also an ecosystem by itself; an interlink connected industrial project, as more suppliers, providers and developers flock to the Tses area to setup new businesses to provide services and housing development for the Tses Glass workers,” stated Simon Kapenda, Groot Group CEO.
Siemens will provide the glassmaking technology, equipment and processes for the plant.