Date: 21 December 2009
Glass and construction-materials group Cie de Saint-Gobain (SGO.FR) said Wednesday that Turkey's Sisecam and Mansour-Maghraby Investment and Development Co (MMID.
CI) of Egypt have been given the go-ahead by the European Union Commission to take a minority stake in Saint-Gobain's project to build a float glass plant in Egypt.
MAIN FACTS: - Production is set to begin in the second quarter of 2010 with daily output of 900 tons of glass. - The plant, located 192 miles east of Cairo, will export to North Africa and the Middle East as well as producing for domestic consumption.
By Paris Bureau, Dow Jones Newswires; +331-4017-1740; geraldine.amiel@dowjones.com
Online.wsj.com
2009-12-21T12:00:00
Saint-Gobain Gets EU Green Light For Egypt Glass Venture
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