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The Rostov plant will produce Guardian’s ClimaGuard® (residential) and SunGuard® (commercial) glass products for the construction of homes, offices, retail, health-care, and other facilities. The plant is expected to begin operation in mid-2012, based on the fulfillment of all incentives and agreements with local authorities, and will initially create 300 new jobs.
“We appreciate the outstanding support we received from Rostov Governor Golubev and his administration,” said Russell Ebeid, president of Guardian Glass group. “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.”
For more information, visit www.guardian.com.