Guardian to Build Second Float Glass Plant in Russia
February 24, 2011
Guardian Industries Corp. has announced plans to build a float glass manufacturing plant in Krasny Sulin (Rostov region), Russia. The company says the $220-million plant will be its largest, producing 900 tons of glass per day, and will include a technologically advanced glass coater.
The Rostov plant will produce Guardian’s high-performance, energy-efficient ClimaGuard® (residential) and SunGuard® (commercial) glass products for construction of homes, offices, retail, health-care and other facilities. The company says the plant is expected to begin operation in mid-2012, based on fulfillment of all incentives and agreements with local authorities, and will initially create 300 new jobs.
Located 957 kilometers (594 miles) from Moscow in the southern part of Russia along the Azov Sea, Rostov has sufficient natural resources, a large workforce and a well-developed transportation infrastructure. The area is also close to Sochi, home of the 2014 Winter Olympics.
According to the announcement, the location is a good fit for Guardian’s growth strategy to supply glass to Russia and neighboring countries. In 2008, Guardian began production at its plant in Ryazan, Russia, serving the greater Moscow region.
Guardian officials said they have been exploring the Rostov business opportunity over the past few years and are pleased to have reached this agreement.
“We appreciate the outstanding support we received from Rostov Governor Golubev and his administration,” said Guardian Glass Group president Russell Ebeid. “It is evident that they view new investment as a priority, and the government works hard to streamline the development process to attract new projects that will create new jobs. Guardian is bullish on Russia given the excellent growth at our first plant in Ryazan and the customers we have in the country. The timing is right for the region and for Guardian.”
“We have enjoyed strong support in Russia from both the government and a wide variety of customers,” said Lajos Sapi, Guardian vice president of Central and Eastern Europe. “We look forward to continued growth in the country as we work closely with our customers and suppliers."