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HNG to augment container glass capacities

Saturday, 04 Jun 2011
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Hindusthan National Glass & Industries (HNG) is planning to ramp up its container glass capacity.

HNG will be ramping up its container glass product line at its facilities at Bahadurgunj near Delhi and Rishra in West Bengal to cater to the pharmaceuticals and cosmetics segments.

HNG has already committed Rs 1,500 crore in greenfield and brownfield expansion in India and is in the process of scaling up investment plans worth another Rs 1,750 crore (including HNG float glass expansion) in the country. HNG Float Glass is planning to increase its capacity to 1,600 tpd in Halol, Gujarat, at a cost of Rs 750 crore In addition the company has recently acquired Agenda Glass in Germany at a consideration of Rs 321 crore and is exploring more acquisition opportunities in container glass segment in East Europe and South East Asia including Thailand, Philippines, Malaysia and others.

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