EGI MJG Float Glass, a JV between Egi Community, Mara group, JS Group and Ghani Group, will build a $210M float glass manufacturing plant. The production facility in Rivers State will produce some 500/tpd of float glass. It will cost $110M in the first phase, and $100M in the second phase. Prashant Manek Director at Mara Group, said: "Today's groundbreaking is a first step in making Nigeria self-sufficient in terms of glass manufacturing." "As a result of the strategic location and the locally available raw materials, we are highly confident that we will be able to build a world class, cost-competitive facility." Ali Siddiqui, CEO of JS Group added: "Since 2000, the global float glass industry has experienced strong growth, in particular, the industry has significant potential in West Africa and this project in Rivers State is a strategic investment in the building materials sector in Nigeria."
