Ethiopian glass container manufacturer Addis Ababa Glass and Bottle Share Co is seeking to triple its container glass manufacturing capacity. Addis Glass plans to increase capacity from its current 80/tpd to 240/tpd by 2022. The total project is estimated at $40m with the IFC considering providing financing of $25m alongside an East African based private equity firm which specialises in growth, buyout and re-capitalisation of medium-sized companies. As part of due diligence, the private equity player approached Glass Technology Services to provide its assessment of the project an offer technical advice on the company and project. Glass Technology Services' consultancy team reviewed existing production facilities and the proposal for the additional 160/tpd production lines. Glass Technology Services assisted Addis Glass to refine its proposal and strengthen its ability to secure financing, which means Addis Glass is well positioned in low CO2 glass production.
