$100M To Improve Energy Efficiency in Japanese and Polish Glass Production

THE International Finance Corporation (IFC), will lend $100 million to NSG UK Enterprises, a subsidiary of Japan’s Nippon Sheet Glass (NSG Group), to finance energy efficient glass production in Brazil and Poland.

NSG Group is a global leader in glass production and technology with operations throughout America, Europe and Asia. The new investment will support NSG Group’s operations in emerging markets and contribute to increased productivity, skilled job creation and economic activity. It will also support research and development aimed at lowering the company’s carbon footprint through the introduction of new energy-efficient technology.  

NSG Group is focusing products, such as vacuum glazing, toughening, integrated photovoltaic technologies, and various coatings, which provide for solar control, thermal and sound insulation and fire protection. Its focus on clean technologies and “green” glass, like triple glazing glass products, is contributing to energy conservation and social and environmental sustainability.

“Enhancing energy efficiency while expanding production in emerging markets is an important part of NSG Group’s strategy to achieve sustainable growth worldwide,” said Shigeki Mori, President and CEO.

Carsten Mueller, IFC Regional Industry Head of Manufacturing, Agribusiness and Services in Europe, the Middle East and North Africa said, “IFC’s partnership with NSG Group as a global industry leader aims to promote jobs and economic growth in emerging markets, directly in glass production, and in the construction and automotive industries.”

The investment is expected to support more than 4,700 direct jobs at the company’s existing facilities in Brazil and Poland. In addition, it will create an estimated 200 new jobs in NSG Group’s downstream operations in Poland, of which at least 25 percent are expected to be female employees.  In Poland, IFC estimates that more than 800 local small- and medium-sized enterprises use the glass produced by NSG Group as input for their downstream operations, providing for further value creation and employment generation. 

Friday 4th August 2017

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