Another Saint-Gobain project incoming: French glass and building materials manufacturer Saint-Gobain has laid the foundation stone for its third glass factory in Egypt with investments amounting EUR 175 mn in the Sokhna Industrial Zone, according to a statement.

A green factory: The factory will be powered by a solar plant that will produce 10-MW worth of green power. The plant was inaugurated yesterday.

Where will the glass go? The manufactured glass will help Egypt localize its automotive industry and 60% of its production will be exported.

Saint-Gobain is no stranger to Egypt’s construction materials industry: The company’s flat glass production line in the SCZone is the largest in the Middle East. It also owns two building materials factories in Sadat and Amreya worth more than EUR 150 mn.

Remember: The company last year purchased 100% of United Paints and Chemicals (Drymix) from Orascom Construction subsidiary United Holding Company in a EGP 785.3 mn transaction.

ANOTHER VOCATIONAL TRAINING CENTER-

The Chinese government will help the SCZone set up a vocational training center specialized in a number of industrial sectors, according to a statement. The center will be funded by a CNY 128 mn (c. USD 18 mn) grant from the Chinese government.

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