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Acquired byTrakya Cam Sanayi A.Ş.
Price$60M
Date6/2013

General Information

Websitehngfloat.com
Phone91 22 42118800
Emailnshirodkar@hngflo...
Employees
Founded2006

Offices

Mumbai, IND
202, 2nd Floor, Ackruti Centre Point,
Central Road, MIDC, Andheri East
Mumbai, 400093, IND

Tags

Hindusthan National Glass & Industries

HNG Float Glass Ltd. (HNG FLOAT) was set up in 2006 under the flagship of Hindusthan National Glass & Ind. Ltd. (HNGIL) to manufacture float glass. The company has a state-of-the-art integrated plant at Halol, Gujarat (35kms from Vadodra) with a capacity of 600 TPD and provision for second float line of 850 TPD. It has been built under technical guidance from TECO(USA) with an investment of around Rs. 550 crore.

The companys corporate vision is to become a leading international producer of float glass by employing advanced technology, innovative techniques and motivated employee partnerships, and to create value for stakeholders and customers by achieving a rapid & sustained long term growth.

Recent Milestones

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Sources

  1. Turkey’s Trakya buys 50% in HNG Float Glass for $60M; IFC exits with 3.3x returns (vccircle.com) [edit]
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Last Edited 6/21/13

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