Asahi India Glass plans to invest Rs 700 cr

India's biggest glass firm Asahi India Glass today said it plans to invest upto Rs 700 crores over the next three years for setting up a float glass plant and capacity expansion.

The company, which currently has a float glass plant at Taloja in Maharashtra, is looking at setting up a new one which would require about Rs 400-500 crore investment.

"We are looking at setting up a plant in the north, though nothing concrete has been finalised as yet. The company's board has to look into this matter," Asahi India Glass Managing Director and Chief Executive Officer Sanjay Labroo told newspersons here.

The company, a joint venture between Japan's Asahi Glass Co, Labroo family and Maruti Udyog Ltd, also announced the establishment of a new subsidiary, AIS Glass Solutions.

600450 Asahi India Glass plans to invest Rs 700 cr

See more news about:

Others also read

The glass sector has the increasingly widespread requirement of having an unlimited catalogue of parametric shapes and creating new ones in a simple way without being an expert in the field.
Shoaib Akhtar is going to be back on Indian TV screens. He is going to be featured in the new TV ad campaign for Asahi Glass.
Glass Confusion is starting the New Year with Beginning Fused Glass group classes. The three-week course will be held Wednesdays from 10 a.m. to 1 p.m. and again from 5 p.m. to 9 p.m.
Worldwide glass-substrate capacity is expected to continue to grow more than 40% each quarter through 2005, as a result of capacity expansion by existing glass-substrate suppliers and new companies joining the market, according to DisplaySearch.
Western Pennsylvania’s once-thriving glassmaking industry is dwindling, as did the domestic steel industry and for many of the same reasons: competition and cost.
Architects Robert and Esteve Terradas of Barcelona describe the city’s newly-renovated and expanded (45,000 m2) Science Museum (completed September 2004) as "a living museum that will set new standards in terms of transparency - a very modern construction that will enable the plants and animals inside to really live and breathe." The project was made possible by the use of an innovative grade of DuPont™ SentryGlas© Plus™ structural interlayer that is "UV-breathable, on the flat roof of an Amazonian rainforest exhibit".The UV-breathable 938 m2 laminated glass roof is rectangular in shape.

Add new comment