EGL wins Dhs20m projects in Turkey

Emirates Glass LLC (EGL), a subsidiary of Glass LLC, wholly owned by Dubai Investments (DI), has received Dhs20 million worth of orders in Turkey for projects that require the installation of self-cleaning glass. Emirates Glass has signed a partnership with property investment and development major Feryapi on a portfolio of prestigious projects. While work has already commenced on the I-Tower and East and West developments, the other projects that will utilise EGL’s self-cleaning glass include the HAMP, Gold Tower, Nida Tower, and Gursan. Emirates Glass aims to complete the delivery of glass for these projects by the last quarter of 2012. Ziad Yazbeck, Senior Vice-President, Sales and Marketing, Glass LLC, said: “The construction market in the region is picking up pace once again, driving the demand for high quality glass. The trend is particularly evident in Turkey, which is validated by our win of key purchase orders for projects that are poised to set new industry benchmarks in the country. “We also welcome our partnership with industry leaders Feryapi. We are confident that the synergy will help us establish a strong foothold for Emirates Glass in Turkey. The endorsement from this market has also taken us a step forward in our vision to grow as the largest glass manufacturer in the region.” With several efficient and sophisticated production units, Emirates Glass can handle large orders within short deadlines. Earlier this year, Emirates Glass inaugurated a Dhs160-million state-of-the-art coating line to escalate production capacity to over 3.5m square metres. Additionally in 2011, the company launched the advanced VitroGlaze, an eco-friendly glass with a chemically treated surface that keeps away dirt and grime. Such developments establish the firm as a pioneer in adopting technological innovations, making it a preferred option for most buyers. Emirates Glass can manufacture, according to the strictest standards in the glass production and processing industry, a wide range of high-performance, energy-efficient glass types with high selectivity ratios. The company is also dedicated to supporting eco-friendly construction and sustainable development to meet the challenges of green building principles. Emirates Glass is one of the leading processors and coaters of architectural flat glass in the Middle East, owned by DI (a publicly held joint stock company whose share capital currently is Dhs1,300 million ($300 million). EGL is an independent glass processor and coater, it does not belong to any float glass manufacturing group. Emirates Glass buy their requirements of tinted float glass from Europe and North America from Saint-Gobain, Pilkington, Libby-Owens-Ford, Ford Glass and Pittsburg Plate Glass. The clear glass is procured from Gulf Guardian, Saint Gobain and Pilkington. EGL processes the glass by cutting it to size, heat strengthening or tempering it and thereafter applying Solar Control and Low Emissivity coatings through Magnetic Vacuum Sputtering Deposition process, to provide the client with finished glass of their choice of colour and transmissions with corresponding reflective and insulating properties. The EGL range includes 11 different colour substrates and 11 different coatings with light transmission ranging from 3 per cent to 40 per cent for Solar Control glass and 20 per cent to 73 per cent for Low Emissivity coating. As an independent processor, EGL offer customers, technical advice, and timely delivery, products fully compliant with the international quality standards, competitive prices and flexibility in production plan that cannot be matched by large multi-national companies. Dubai Investments (DI) is a world-class company that invests in viable and profitable entities. With over 19,894 shareholders, and paid-up capital of Dhs3.5 billion, it is the largest investment company listed on Dubai Financial Market (DFM). Dubai Investments was incorporated in 1995, with the primary objective of investing in companies and projects. Dubai Investments has established companies encompassing a diverse range of sectors including manufacturing, food and related fast moving consumer goods, wholesale and retail trade representation, healthcare and pharmaceuticals, industrial and commercial properties, real estate management and property development, transportation, shipping, distribution and logistics, marketing and sales, publishing and telecommunications. Fer Development is a new generation property investment and development company established in 2010 by Ramadan Kumova and Muammer Saka which develops unique, value-added, world class projects without making any concession on their core values, creativity, reliability, respect for the environment and the welfare of the society. From gulftoday