Hindusthan National Glass plans unit in Andhra Pradesh

Fuelled by the growing demand for liquor and food and beverages, Hindusthan National Glass and Industries Ltd will set up a greenfield project in Andhra Pradesh. 'We are on a high growth path indicative from the targeted increase in production capacities.

We have already earmarked investment of an initial amount of Rs.350 crore for setting up a greenfield project in Andhra Pradesh,' Hindusthan National Glass and Industries Joint Managing Director Mukul Somany said in a statement here Wednesday.

HNG has 60 percent market share in glass packaging industry. With a rise in demand of the liquor and food and beverages, the demand for glass packaging will increase.

'We are in the process of finalising the agreement with Andhra Pradesh government, post which we aim to set up a flint glass manufacturing plant with a capacity of 450 tonnes per day,' he said.

The greenfield project will be funded through a mix of internal accruals as well as debt.'

600450 Hindusthan National Glass plans unit in Andhra Pradesh glassonweb.com

See more news about:

Others also read

We look forward to working with you in the New Year and assisting you in any way that we can to ensure the continual success of your business!Best wishes for a Happy Holiday Season and our sincere thanksfor your support and goodwill throughout the year!We will come back with fresh news on January 3, 2011.
Safti First, San Francisco, leading manufacturer of fire rated glass and framing solutions, is proud to announce the release of the mySAFTI app, an interactive design tool that takes the guesswork out of choosing the correct fire rated glass product.
The National Fenestration Rating Council (NFRC) announced that Steve Johnson, John McFee, and Joe Jonely will serve as committee chairs for the ratings, accreditation and certification policy committees respectively.
Company signs an exclusive license with Kelowna Motors, a well-established and highly reputable British Columbia- based MAZDA Dealer Diamon-Fusion International, Inc. (DFI Nanotechnology), global developer and exclusive licensor of patented hydrophobic nanotechnologies, announced today it has signed an exclusive license with Kelowna Motors, a well-established and highly reputable British Columbia-based MAZDA dealer, according to Guillermo Seta, corporate vice president and executive director.
The Middle East market is becoming a new and promising destination for local construction material producers to explore in the coming years.
Top Gear Live is a live arena show of the award winning TV program Top Gear. The live show features breath-taking stunts, remarkable special effects and epic driving sequences.

Add new comment