EFG Gets GCC Backing

Date: 6 July 2006
Source: Ameinfo.com

Date: 6 July 2006

Emirates Float Glass has revealed that a group of investors from across the GCC will contribute to the total equity of EFG, with the overall share ratio comprising 30% for GCC investors and 70% for UAE investors.

EFG's $193m float glass production plant, which is likely to be built at Abu Dhabi's Industrial City, will have an annual capacity of about 160,000 tonnes of various glass products.

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