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Tses Glass courts Germany giant

Sun, 30 September 2012 18:56
by Business Writers


A German-based company; Glass Gmbh, has been appointed by Tses Glass Namibia as its engineering, procurement and construction management firm.
Ghs/Glass Gmhb specialises in planning, construction and commissioning of large scale glass factories. Hence, it will work as Tses Glass’ leading technical consultant in tangent with South Africa-based IBP Construction Consultants Pty Ltd (Johannesburg), as well as German-based Siemens AG. 
Part of this powerful team is the France-based BNP Paribas.
The team will work towards the development and provision of elaborate services ranging from conducting a bankable feasibility study, technical concept, system design, engineering, economic and market study, procurement and construction management for the fast realisation of the Tses Glass Manufacturing Plant.
Tses Glass founder and managing director, Simon Kapenda, notes that the manufacturing plant will assemble only the best team for its full development; “We are looking to partner with the world’s top suppliers as well as local companies for what is needed such as tools, products, equipment and technology for a smooth development, construction and operation of our Tses Glass Plant. Having Ghs/Glass Gmbh’s expertise is the core step in developing Tses Glass as the finest and largest glass manufacturing factory in the world,” Kapenda said.
Tses Glass (Pty) Ltd is a Namibia-based premier company involved in an integrated glass production. Its headquarter offices and base of production operations will be based in Tses Village in southern Karas Region.
The company is a joint-venture between Groot Group, Tses Village Council, SDS Group and Nissi Group.
Tses Glass plans to have an annual gross production capacity of 20 million net tons of glass. This would make it the largest dynamic glass manufacturing plant in the world.
Tses Glass is a privately funded venture on a project financing’s debt and equity basis with France-based BNP Paribas as its financial advisor. Its operational budget stands at N$41b while its construction is planned to start in May next year.