KOLKATA: Hindusthan National Glass & Industries Limited (HNG), the largest container glass manufacturer in India with a 65 per cent market share in the organised sector, is looking for overseas acquisition.
Talking to news-persons, Mukul Somany, Joint Managing Director and Chairman CII, Eastern Region, said here on Thursday that talks were on with some companies, having a turnover of Rs 400 crore, in the Middle East, Africa and South East Asia. He said that the company has plans to continue its growth at an impressive 20 per cent rate in financial year ‘09-10 and aims to cross the Rs 1500 crore milestone this year.
Headquartered in the city, HNG’s pan-India manufacturing operations are spread over six centres - Rishra, Bahadurgarh, Rishikesh, Puducherry, Nasik and Neemrana - and its products are available in more than 20 countries.
With 11 furnaces and 44 production lines, HNG has an installed capacity of 9.4 lakh ton per annum. HNG offers the widest range of bottles range, from 5 ml to 3200 ml, with downstream applications in the liquor, beer, beverages, pharmaceuticals processes food and cosmetics industries. The company had first introduced automatic glass container manufacturing plant in the country in Rishra in 1952.
While detailing the plans for financial year 09-10, Somany said, “HNG’s vision is to become one of the foremost providers of glass container solutions globally. We plan to achieve long term growth and sustainable development by bringing in operational efficiencies and revolutionary concepts such as lightweighing to the Indian glass packaging industry.
HNG is investing more than Rs 350 crore on brownfield expansion and technology upgradation in its plants. The company has introduced the NNPB (narrow neck press and blow) technology for the first time in India and has invested Rs 100 crore for the introduction of the technology,” he said.
