Hindustan National Glass and Industries Ltd (HNG) is setting up a subsidiary to enter the float glass business and is looking for technical alliances with foreign float glass manufacturers. HNG will i…
Hindustan National Glass and Industries Ltd (HNG) is setting up a subsidiary to enter the float glass business and is looking for technical alliances with foreign float glass manufacturers. HNG will invest about INR 5 billion in the new business venture and will start up the 18-month project in March 2006. HNG will invest about INR 2.5 billion for technical upgrades of its existing production facilities at Rishra in West Bengal, Haryana, Pondicherry and Uttaranchal. HNG is part of the Somany group and is among the leading manufacturers of glass containers in India.