Egi MJG Float Glass, a joint venture between Egi Community, Mara Group, JS Group and Ghani Group will build a $210 million float glass manufacturing plant in Nigeria.
The production facility in Rivers State will produce 500 tonnes of float glass per day. It will cost $110 million in the first phase, and $100 million in the second expansion phase.
Prashant Manek, Director at Mara Group, said: “Today’s groundbreaking is a first step in making Nigeria self sufficient in terms of glass manufacturing.”
“As a result of the strategic location and the locally available raw materials, we are highly confident that we will be able to build a world-class, cost-competitive facility.”
According to Ali Siddiqui, CEO of JS Group: “Since the year 2000, the global float glass industry has experienced strong growth.
"In particular, the industry has significant potential in West Africa and this project in Rivers State is a strategic investment in the building materials sector in Nigeria.”