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| Saint-Gobain to build Egyptian float glass facility The glass sector of the French giant in construction materials Saint-Gobain has decided to expand its Middle Eastern presence with the construction of a float glass production line in Egypt. This facility is to be operated in a joint-venture that has been founded with MMID (El Mansour and El Maghraby Investment and Development Company), a major Egyptian Group with activities including Real estate and Industry. The float line will be built in Ain El Sokhna, located 120 kilometers east of Cairo and 40 kilometers south of Suez, along the Red Sea coast. The overall cost of the investment will be approximately Euros 120 million. Construction is due to start in 2008 and production in 2009. write your comments about the article :: © 2007 Construction News :: home page |