Turkish glassmaker Trakya Cam said it had signed a memorandum of understanding with glass packaging producer Hindusthan National Glass
Turkish glassmaker Trakya Cam said it had signed a memorandum of understanding with glass packaging producer Hindusthan National Glass (HNG) about joint ownership and operation of HNG’s float glass business in India. Trakya Cam said it would hold 44% of HNG Float Glass Limited, which is majority owned by HNG and 12% owned by the International Finance Corporation.