Vitro Architectural Glass plans to expand into Egypt and invest $400 million to build two factories, according to an official statement released by the Egyptian Cabinet.

The statement said that Mohamed Abdel-Wahab, executive chairman of the General Authority for Investment and Free Zone, met with Jose Octavio, Ambassador of Mexico to Egypt, and Vitro CEO Adrián Sada Cueva to research new investments in Egypt.

In the meeting, Cueva expressed Vitro’s interest in the development of a 1.1 million-square-foot glass manufacturing facility along with 493,000 feet of land to produce container glass. The factories will employ up to 1,500 people.

Vitro plans to export the plant’s production abroad, according to the official statement.

Vitro did not confirm the news but instead provided a statement.

“Vitro is constantly evaluating opportunities for strategic growth, both domestically and internationally. For competitive and regulatory reasons, these discussions are never disclosed publicly until they are formalized. We are proud to be a global company that continues to expand our reach in bringing energy-efficient and aesthetically pleasing glass to all corners of the world. Every day we look for opportunities that allow us to grow as a company, while also positively impacting the world and the environment we all share.”