Washington, DC, July, 2017—IFC, a member
of the World Bank Group, will lend $100 million to NSG UK Enterprises,
a subsidiary of Japan’s Nippon Sheet Glass, Co., Ltd. (NSG Group), to
finance sustainable automotive and architectural 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.
IFC invests in manufacturing because of its
impact on employment and development. Manufacturers directly create jobs
across a range of skill levels, enabling people, especially women, to move
from informal work to formal employment with benefits. Manufacturing creates
opportunity across industry value chains by increasing demand for raw materials,
energy, construction, technology, and services from a broad array of supplier
industries in the economy.
About NSG Group
NSG Group is one of the world's leading manufacturers
of glass and glazing systems in three business areas: Architectural; Automotive;
and Technical Glass. Architectural supplies glass for architectural and
Solar Energy applications. Automotive serves the original equipment, aftermarket
replacement and specialized transport glazing markets. Technical Glass
products include very thin glass for displays, lenses and light guides
for printers and glass fiber, used in battery separators and engine timing
belts. Founded in 1918, NSG acquired the leading UK-based glass manufacturer
Pilkington plc in June 2006. Today, the Company has combined sales of JPY
580.8 billion, with manufacturing operations around the world and sales
in over 100 countries, employing some 27,000 people worldwide. For
more information, visit www.nsg.com/en.
About IFC
IFC, a member of the World Bank Group, is
the largest global development institution focused on the private sector
in emerging markets. Working with more than 2,000 businesses worldwide,
we use our capital, expertise, and influence to create markets and opportunities
in the toughest areas of the world. In FY16, we delivered a record $19
billion in long-term financing for developing countries, leveraging the
power of the private sector to help end poverty and boost shared prosperity.
For more information, visit www.ifc.org.
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