Middle East Glass Manufacturing SAE
EEGX:MEGM12.54
EGP
0.00
(0.00%)
Middle East Glass Manufacturing SAE
EGX:MEGM
(Egyptian Exchange)
Recent
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12.54
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ROIC.AI
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- Middle East Glass Manufacturing SAE is an Egypt-based industrial packaging company engaged in the manufacturing, marketing, and distribution of container glass packaging solutions for the food, beverage, and pharmaceutical industries. Founded in 1979 and headquartered in Nasr City, Cairo, Egypt, the company operates as a subsidiary of MENA Glass Holdings Limited and is listed on the Egyptian Exchange under the ticker MEGM. The company specializes in manufacturing container glass in flint, amber, and green colors across standard and tailored specifications. Its primary product lines include food jars for jams, honey, pickles, sauces, condiments, and preserved foods; beverage bottles for carbonated soft drinks, fruit juices, sparkling water, beer, and malt beverages; pharmaceutical bottles, vials, and syrup containers designed for liquid medicines, syrups, and healthcare applications; and specialty containers for olive oils, spirits, cosmetics, and premium culinary packaging. In addition to container manufacturing, the company offers technical services comprising custom container design, mould development, lightweighting engineering, decorative finishes, and quality testing. Middle East Glass Manufacturing operates three manufacturing facilities located in Nasr City, Sadat City, and Mostorod, maintaining six melting furnaces and seventeen production lines with a total production capacity of approximately 1,050 metric tons per day. The company distributes its products domestically and exports more than half of its total output across the Middle East, Africa, and Europe, serving as an approved supplier to multinational corporations including The Coca-Cola Company, PepsiCo, and Nestlé. In recent corporate developments, majority shareholder MENA Glass Holdings Limited consolidated its ownership in the company following the exit of private equity firm Gulf Capital, securing regulatory approval to acquire a 40.76% stake. To broaden its regional footprint and support international commercial operations, the company established a representative office in Dubai, United Arab Emirates. The company has also advanced operational efficiency and sustainability initiatives across its production plants, focusing on furnace modernization, energy consumption reduction, and increased capacity utilization to meet expanding regional and export market demand.