HNG Float Glass to adopt new furnace technology in Gujarat plant

Date: 14 December 2011
Source: http://www.thehindubusinessline.com

Date: 14 December 2011

Kolkata, Dec. 12: HNG Float Glass Ltd, part of the Kolkata-based CK Somany controlled HNG Group, will firm up the technology for setting up the world's largest 1,000 tonne per day furnace at Halol, in Gujarat, this month.

The company expects to achieve financial closure for the Rs 850-crore brownfield expansion project by March.



Incorporated in 2006, HNG Float currently operates a 600-tpd furnace at Halol and controls 20 per cent of the expanding float glass market in the country.

Cost efficient



The new technology – to be developed in-house using available solutions - will be 8 per cent more cost efficient than the company's existing furnace, Mr Mukul Somany, Vice-Chairman and Managing Director of the group's flagship, Hindusthan National Glass and Industries Ltd (HNG), told Business Line.



Read more: www.thehindubusinessline.com/companies/article2709662.ece
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