Asahi India Glass Ltd To Set Up New Plant in Tamil Nadu: Third Plant To Manufacture Automotive Glass

Date: 10 December 2003
Source: Asahiindia
Asahi India Glass Ltd. (Asahi India), India's leading glass company announced that it would set up its third plant in Chennai (Tamil Nadu).

The new plant will manufacture automotive safety glass.

The company has two existing plants. One an automotive glass plant is based in Rewari, Haryana, and the second; a float glass plant is based in Taloja, Maharashtra which has a capacity of 29.20 million square meters on 2mm thickness basis.

The new plant will initially have a capacity of over 500,000 laminated windshields and will tentatively cost over Rs. 50 crores, to be funded primarily internally.

The combined capacity to manufacture laminated windshields after this plant is commissioned by October 2004 will be over 1.70 million. In addition, the Company has existing capacity at its Rewari facility for 1.20 million car sets of tempered glass.

Mr. Sanjay Labroo, Managing Director & CEO of Asahi India said, "Our Company has preformed strongly in the past few years. We have strong client relationships and the trust our customers place in us has made us the country's largest glass company. We have a commanding share of the automotive glass market and as leaders we have to invest to tap opportunities that will present themselves in the future. This new plant is a significant step for us and I am confident this investment will reap big benefits for Asahi India." The new plant will cater to existing customers in South India. These include Hyundai Motors, Toyota Kirloskar, Ford India, Hindustan Motors (Lancer Project), Volvo India, etc. Besides, the Company will be seeking to address some export markets using the new facility.

Asahi India is a joint venture between Labroo family, Asahi Glass Co. Ltd. of Japan and Maruti Udyog Ltd. Asahi India commenced its operations in 1987.

600450 Asahi India Glass Ltd To Set Up New Plant in Tamil Nadu: Third Plant To Manufacture Automotive Glass
Date: 10 December 2003
Source: Asahiindia

See more news about:

Others also read

Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that on Dec. 18, 2003, it secured an agreement for a new bank loan guarantee and equity financing package of up to $7.5 million from Needham & Company, Inc., its affiliates and Dolphin Asset Management.
Local quality glass producer Emirates Glass Limited has won contracts to supply 68,000 square metres of its high quality EmiCool glass to five major projects in Dubai.
Co-Ventures in Glass Containers (CVIGC, Ltd.) of Tampa, Florida, USA and Micro-Tek Canada, Inc. Of Toronto, Canada are excited to announce the beginning of a long term joint venture to combine their extensive experiences and resources to offer the Glass Container Industry globally a best value alternative for all their outsourcing needs in manufacturing, operations and technical assistance agreements, specifically targeted to the smaller manufacturers who have found the larger service companies to be cost and profit prohibitive.The principals of the two companies have found a global need for smaller glass companies who require excellent technical resources to properly compete within the industry without the high costs of employing their own staffs or outsourcing their requirements to the larger service companies whose own operating costs and overhead are substantial.
China's largest automobile glass maker Fuyao Glass Industry Group Co, Ltd, won its case against the dumping ruling of the US Department of Commerce (DOC).
When did the wine industry start using glass bottles, and how did they settle on their current size of 750ml? For the answer to these questions, you have to go back in time - back thousands of years to when wine was first cultivated and enjoyed.
Praxair, Inc. (NYSE: PX) today announced that its subsidiary Praxair Canada Inc.'s specialty gases plant in Paris, Ontario, Canada, is one of Praxair's first specialty gases plants in North America to complete the upgrade to ISO 9001:2000, the latest ISO 9000 standard for quality.

Add new comment