Sphinx Glass announces start of commissioning of its LE1.1bn float glass factory

Citadel Capital, the leading private equity firm in Middle East and Africa with $8.3 billion in investments under control, announced today [March 7] the start of commissioning at its 220,000-square-meter greenfield float glass factory. With a production capacity of 600 tons per day, the state-of-the-art, LE1.1 billion facility is one of Egypt's largest producers of float glass.

Sphinx Glass is 51 percent owned by GlassWorks, a platform company established by Citadel Capital and a group of co-investors to pursue opportunities in the glass manufacturing industry. The Dubai Group holds the remaining 49 percent, according to a March 7 AMEinfo.com report.