Construction

The Project consists of a 20% equity stake in Egypt-based float glass manufacturer Sphinx Glass S.A.E. ("Sphinx" or "the company") which is currently 100% owned by Construction Products Holding Company (CPC). The Sphinx manufacturing facility was designed and completed in 2010 with technological cooperation from US-based Pittsburgh Plate Glass (PPG) and the facility currently has a capacity to melt 600 tons of product per day (about 200,000 tons per year) and is located on a 220,000 square meter plot of land in an industrial zone of Sadat City, Menofeya governorate, Egypt. The production line is currently operating at maximum capacity. Sphinx produces mainly clear glass with different widths ranging from 2 mm to 19 mm. In addition, it produces limited quantities of tinted and coated glass. The company plans to introduce a second production line of 200,000 tons per year capacity which would enable it to dedicate one of its production units exclusively to the production of clear float glass. This will allow maximum efficiency in one production line, due to minimal changeovers, while allowing the other line to produce a more optimal mix of higher value added glass for the automotive, household appliances and construction (coated glass) sectors. The production process consists of charging the raw materials required to make clear or colored glass through weighing, mixing and conveying to the furnace which produces molten glass. The molten glass then passes into a bath of molten tin where the temperature is gradually reduced and the glass sheets can be pulled off the bath by rollers. Variation in the flow speed and roller speed enables glass sheets of varying thickness to be formed. This is followed by annealing, cutting and loading.

Egypt