{"id":633237,"date":"2024-07-10T00:00:00","date_gmt":"2024-07-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/10\/dr-greiche-glass-and-high-glass-ink-strategic-merger-agreement\/"},"modified":"2024-07-10T00:00:00","modified_gmt":"2024-07-10T00:00:00","slug":"dr-greiche-glass-and-high-glass-ink-strategic-merger-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/10\/dr-greiche-glass-and-high-glass-ink-strategic-merger-agreement\/","title":{"rendered":"Dr Greiche Glass and High Glass ink strategic merger agreement"},"content":{"rendered":"

Glass maker High Glass<\/strong> comes under Dr Greiche\u2019s umbrella:<\/strong> Homegrown glass manufacturers Dr Greiche Glass<\/a> and High<\/a>Glass<\/a> have come together under a strategic merger agreement, in a bid to boost the new entity\u2019s growth in Egypt and foreign markets, according to a press release (pdf)<\/a>. The merger agreement was finalized in May, and now both companies operate under the Dr Greiche brand, Dr Greiche Glass CEO Chahir Greiche told Enterprise.<\/p>\n

A bigger and better Dr Greiche:<\/strong> Dr. Greiche Glass now operates seven factories, including the newly acquired High Glass facility, Greiche told us. The merger will help increase glass production by 150k square meters, according to Greiche. High Glass CEO Heba Sakr told us that her company will gain from Dr Greiche's technical, commercial, financial expertise, and quality control systems. <\/p>\n

Big export plans ahead:<\/strong> The merger aims to expand the local and export business base of the two companies, with Dr. Greiche Glass already exporting USD 75 mn annually \u2014 accounting for 12% of Egypt's total glass exports last year, Greiche told Enterprise. The company currently exports 30% of its annual production to 40 markets worldwide and is planning to expand its access to external markets in 2025, including the US, Europe, Algeria, and Turkey, Greiche told us.<\/p>\n

But why High Glass?: <\/strong>Dr Greiche chose High Glass because it is the only Egyptian company \u2014 besides Dr. Greiche \u2014 that has received quality certifications, including the IATF standard for the automotive industry and has a decade of experience in the market, Greiche said.<\/p>\n

More agreements in the <\/strong>works:<\/strong> Dr. Greiche is set to announce new commercial partnerships with some global automotive brands in the coming weeks and is exploring new production sectors outside the glass industry, which will be unveiled later, Greiche told Enterprise.<\/p>\n","protected":false},"excerpt":{"rendered":"

The merger is set to boost Dr Greiche\u2019s annual production capacity by 150k square meters.<\/p>\n","protected":false},"author":1,"featured_media":633238,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[144,8682,72,7128,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-633237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-automotive","tag-dr-greiche-glass","tag-enterpriseam","tag-ma-watch","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"aeeef2cc-fef7-4264-808e-2e49b4c691b0","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/810.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dr Greiche Glass and High Glass ink strategic merger agreement","related_issue":[633229],"teaser":"The merger is set to boost Dr Greiche\u2019s annual production capacity by 150k square meters.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.5e768caa-40b4-4594-8062-09342458c134.mp3"},"yoast_head":"\nDr Greiche Glass and High Glass ink strategic merger agreement - 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The long weekend is finally here. 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