
Wadi Holdings (the Freiji and Nasrallah families) is our main player - 70% having initially identified an opportunity in manufacturing for local and export glass container markets. Wadi Holdings is the financial and administrative backbone of Wadi Glass.
Hwa Hsia Glass Co. Ltd., Taiwan, a 12% share holder, was founded in 1925 and is one of the leading glass manufacturers in Asia, generating an annual turnover of over US $100 million in 2004 and employing 3000 employees. It is quality certified ISO 9001:2000 (UKAS). It has 2 production plants, one in Taiwan and the other in Jiangmen City, China, owning a total of 6 furnaces producing 840 tons of glass per day. Hwa Hsia will provide the plant with machinery, equipment and technical know-how under an equipment and partnership contract.
Jochenlee Molds and Machine MFG, INC. (JCL Manufacturing), Singapore, a 3% share holder, was established in 1952 and is currently the leader in Asia and a dominant glass container player in the world. It specializes in the manufacturing of precision glass mold equipment and machinery, generating revenues of US $6.8 million in 2003.
Sotancro Glass Manufacturing Company, Portugal. Experience in glass manufacturing since 1942.
