Egypt's Float Glass Plant Exceeds Expectations

By George, Alan | The Middle East, January 2001 | Go to article overview

Egypt's Float Glass Plant Exceeds Expectations


George, Alan, The Middle East


Alan George reports from Cairo

Domestic consumption is increasing as shops and offices are refurbished or new buildings constructed. EGC is having trouble coping with demand

"What happened was beyond expectations. We were able to create this plant on time, not one penny over budget, and its output has been been of international quality," said Mohammed Abdel Wahab, chairman of the Egyptian Glass Company (EGC)."I have to say", he added, "that no-one was expecting success on this scale".

Located in 10th Ramadan City, an industrial new town some 60 kilometres north east of Cairo, EGC started production in mid-1998. The nominal `pull' from the furnace is 400 tonnes per day.

"We started almost from day one at the nominal capacity, and we have achieved an average furnace pull of 400-415 tonnes per day and an average yield of 90 per cent," said Abdel Wahab, a former Egyptian industry minister. "Now, we sometimes produce 380 or 390 tonnes of saleable glass per day."

From a standing start, EGC has captured "at least 90 per cent" of the local market, he said, adding: "It is not 100 per cent only because we don't have the capacity." Sales in 2000 are expected to reach E125-130 million [pounds sterling].

Formed in February 1995, EGC is a shareholding company with private sector management. But its shareholders include both private investors and public sector enterprises. Some 60 per cent of the E150 million [pounds sterling] equity is held by several state-owned banks and insurance companies, while 10 per cent is held by the Saudi-Egyptian Industrial and Development Company, a government-to-government venture.

Initially, it had been hoped 30 per cent of the equity would be held by private subscribers but interest proved lukewarm. They took up only 12 per cent and the balance of 18 per cent was divided between the other founder shareholders.

In December 1997, the UK's Pilkington, whose technology EGC uses under licence and which has a technical assistance agreement with EGC, acquired a 10 per cent stake derived from the equity originally earmarked for private investors. EGC attracted a $50 million loan from the Kuwait-based Arab Fund for Economic and Social Development (AFESD) and a $22 million loan from the Jeddah-based Islamic Development Bank. Egyptian commercial banks provided a E88 million [pounds sterling] loan.

The main design and construction contract, which went into effect in January 1996, was won by the Italian glass engineering company Inglen, which has wide international experience of building float glass plants and which also designed and supplied the batch plant. Subcontracts for the melting furnace and annealing lehr (the latter an installation where the ribbon of glass is cooled slowly) went to France's Stein Heurtey. The float bath was built under licence from Pilkington, while the cutting line was supplied by Germany's Grenzebach Maschinenbau. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Egypt's Float Glass Plant Exceeds Expectations
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.