Hindusthan National Glass Targets 10 Per Cent Growth

Date: 25 August 2009
Source: Indopia

Date: 25 August 2009

Kolkata , Aug 20 Hindusthan National Glass and Industries Ltd plans to record about 15 per cent growth rate in sales in 2009-10.

HNGIL Joint Managing Director Mukul Somany said here today that after registering net sales of Rs 1,311 crore in 2009 braving recession, the company plans to cross the Rs 1,500-crore milestone this year. On plans to invest Rs 350 crore in brownfield expansion and technology upgrade, Somany said the company would introduce techlologies like narrow neck press and blow for the first time in the country at an investment of Rs 100 crore. " With its commercialisation, the company will offer 15- 20 per cent lighter containers reducing transport cost and price per bottle, improve quality and transparency." Somany said the vision was to become one of the foremost providers of glass container solutions globally. "We plan to achieve long-term growth and sustainable development by increasing operational concepts such as light- weighing to Indian glass packaging industry." The company has units in Rishra in West Bengal, Nasik, Bahadurgarh, Hrisikesh, Nimrana and Puducherry.Kolkata , Aug 20 Hindusthan National Glass and Industries Ltd plans to record about 15 per cent growth rate in sales in 2009-10.
 
HNGIL Joint Managing Director Mukul Somany said here today that after registering net sales of Rs 1,311 crore in 2009 braving recession, the company plans to cross the Rs 1,500-crore milestone this year.
 
On plans to invest Rs 350 crore in brownfield expansion and technology upgrade, Somany said the company would introduce techlologies like narrow neck press and blow for the first time in the country at an investment of Rs 100 crore.
 
" With its commercialisation, the company will offer 15- 20 per cent lighter containers reducing transport cost and price per bottle, improve quality and transparency."
 
Somany said the vision was to become one of the foremost providers of glass container solutions globally.
 
"We plan to achieve long-term growth and sustainable development by increasing operational concepts such as light- weighing to Indian glass packaging industry."
 
The company has units in Rishra in West Bengal, Nasik, Bahadurgarh, Hrisikesh, Nimrana and Puducherry.
600450 Hindusthan National Glass Targets 10 Per Cent Growth glassonweb.com

See more news about:

Others also read

MORE...

HNG Group Fires Up Its First Float Furnace In Gujarat
For further upscaling, the plant has provision for a second float line which can support an additional 850 tonnes per day.  With an aim to further strengthen its leadership position in the glass industry, the Rs15bn.
Deshima Netherlands Awards 2009 For Teijin And Sekisui S-Lec
During the annual Dujat December Dinner on Thursday 10 December 2009, Minister for Economic Affairs, Ms.
“Tiberio's Baths” Wins The Interior Design Best Of Year Awards 2009 / Spa Fitness
A prestigious international prize states the poetic beauty and the architectural value of “Tiberio's Baths” in Panticosa (Spain), the new health and wellbeing centre in the heart of the Spanish Pyrenees made entirely using special glass blocks with a trapezoidal section.
Bioactive Glass Nanofibers Produced
A team of researchers from the University of Vigo, Rutgers University in the United States and Imperial College London, in the United Kingdom, has developed "laser spinning", a novel method of producing glass nanofibres with materials.
Inventables Most Popular Material 2009:Temperature-Sensitive Glass
Chicago — December 17, 2009 — Designers and engineers examined the product pages on Inventables.com nearly one million times in 2009 in hopes of finding the right materials or technologies for their projects.
Thin films play important part in India’s surging solar wave
Finnish materials technology enjoyed a moment of limelight in the beginning of December this year, when a Finnish industry delegation, lead by Minister of Economic Affairs, Mr Mauri Pekkarinen, visited New Delhi, India.

Add new comment