Hindusthan National Glass unveils robust expansion plans

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Hindusthan National Glass & Industries Ltd. (HNG), one of the frontrunners in the Indian packaging industry and the leaders in glass packaging segment, with more than 55% dominant market share in the organized sector and a turnover of over Rs 15 billion, has embarked upon a significant and one of the largest landmark deals in the Indian Glass Industry. The deals worth close to Rs 2.5 billion have been undertaken with noted international companies, such as Emhart Glass, Switzerland, Heye Glass, Germany, Pennekemp, Germany, Horn Glass, Germany and Zippe, Germany. These deals are part of HNGʼs strategy to follow a very aggressive growth plan which would act as a catalyst in doubling its existing capacity in the next 30-35 months through greenfield and brownfield expansions entailing investment of Rs. 25 billion. ...cont´d

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