Establishment of MEG
MEG was established in 1979 as the first privately owned glass manufacturer in the Egyptian market for supplying the local market demands of the Carbonated Soft drinks in Egypt. In 1983, MEG started production with a capacity of 160 Tons per Day (TPD).
Doubling Production Capacity
Doubled production capacity with a strong focus on the high-volume beverage sector – Capacity 320 TPD.
Acquisition of MEDCO Plast
Acquired 60% of MEDCO Plast diversifying its packaging platform and entering the fast-growing PET market (now the biggest plastic preform company in Egypt).
Acquisition of Wadi Glass (MEG Sadat)
Acquired Wadi Glass (MEG Sadat) to gain an entry and strong foothold in the Glass Food and Juice segment – Total Overall Capacity 670 TPD.
Investment by Gulf Capital
Gulf Capital, a leading private equity company in the Gulf region acquired 39% of MEG giving it significant muscle to support strategic expansion needs.
Acquisition of MGM
Acquired MGM consolidating the local market with a total share of more than 60% and entering the pharmaceutical segment. Emerges as the biggest glass containers player in the MENA region with a flexible production capacity and capability to service the local and selected export markets – Overall Total Capacity of 940 TPD.
Exit from MEDCO Plast and New Furnace
Exited MEDCO Plast to concentrate on glass containers manufacturing. Started-up a new furnace in MEG Sadat to reach a capacity of 1,050 TPD.
