IFC Lends $100 Million to Promote Energy Efficient Glass Production in Brazil and Poland

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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