Hindusthan National Glass Limited (HNG) is a leading container glass manufacturer in India. The headquarter of the company is located at Kolkata. HNG is catering the demand of glass containers in the different segments such as processed food, liquor, soft drinks, pharmaceuticals, and cosmetics. Among these, liquor segment is contributing ~50% of the company’s revenue. HNG has three subsidiaries - HNG Global GmbH in Germany, Quality Minerals Ltd and Glass Equipment (India) Ltd in India. Through the acquisition of 47.5% stake in HNG Float Glass Ltd, HNG entered into the real estate and auto glass segments. HNG had six manufacturing facilities at Rishra, Bahadurgarh, Neemrana, Rishikesh, Pondicherry, and Nashik with total capacity of 2710MT/Day, at the end of FY2011. These facilities comprised of 11 furnaces and 44 production lines with fully automated machines that minimize labor costs. In addition, plants have graphoidal spray system for minimizing water use in the bottle manufacturing process. Furthermore, by introducing Narrow Neck Press and Blow (NNPB) technology in Rishra and Bahadurgarh plants, HNG is able to reduce bottle weigh by 15-35% that helps it to curtail the costs of raw materials, transportation and improve margins. It has got ISO 9000:2000, ISO 14000/18000, ISO 22000 and ISO 9001:2008 certifications for the manufacturing plants.”
Microsec is bullish on Hindusthan National Glass Limited (HNG) and has recommended buy rating on the stock with a target of Rs 203.50 in its December 9, 2011 research report.
2011-12-20T12:00:00Buy Hindusthan National Glass; target Rs 203.50: Microsec glassonweb.com