AGI glaspac Invests in German Tech to Build a New Furnace for its Speciality Glass Division

• The cost of the furnace costing INR 55crores will be driven from the recent investment raised by AGI glaspac of INR 220crores.
• The German technology will lead to strengthening the glass packing products manufacturing out of India.

INDIA: AGI glaspac, a leading global manufacturer of integrated container glass, today announced its partnership with a  Germany Tech Giant HORN^® Glass Industries AG, Germany. Both have joined hands to build a new furnace of 154 TPD AGI Speciality Glass Division in India for the company’s Bhongir plant in Telangana. The technology will cost INR 55 crores. It is a part of the recent investment raised by AGI glaspac from its parent company HSIL Limited, amounting to  INR 220 crores.

The facility will comprise end-fired furnaces with six forehearths for production. With the set up of this new furnace, the company’s Bhongir plant will be able to produce 154 tonnes of premium flint and other different colors. This high-quality specialty glass produced will cater to industries such as carbonated water, sparkling wine, pharmaceuticals, including vials and in cosmetics, such as beauty products, perfumery, nail Polish, and others. 

Rajesh Khosla, President & CEO of AGI glaspac, said, “Our investment in  German technology is aimed to strengthen our units to make products more efficiently out of India for global markets. We thrive by the make-in-India concept, and it is important that we do not miss out on the great opportunities or technologies readily available – these technologies are to watch out for or invest in so that the products manufactured in India can compete efficiently. We are happy to have  found the right technology partner in  HORN^® Glass Industries AG, Germany.“

Mr. Stephan Meindl, President & CEO, Horn Glass Industries AG, said,  “India is an exciting market for our company, and we are happy to collaborate with a renowned brand like AGI glaspac to showcase our leading position in the global glass market. We are confident that with our technological support AGI glaspac’s will be able to thrive by its make in India vision of manufacturing world-class level specialty glass very effectively”

The furnace will be heated by PNG (Piped Natural Gas), with HFO backup firing. LPG will be the energy backup for the distributor and forehearths. . HORN’s scope of supply includes the planning of the refractory, the combustion equipment, measuring and control, boosting, a new HVR^® 400 batch charger for the furnace, distributor, and forehearth as well as further furnace equipment. The entire construction and commissioning will be managed by AGI glaspac and HORN^® Glass Industries AG, Germany jointly.

source https://nrinews24x7.com/agi-glaspac-invests-in-german-tech-to-build-a-new-furnace-for-its-speciality-glass-division/?utm_source=rss&utm_medium=rss&utm_campaign=agi-glaspac-invests-in-german-tech-to-build-a-new-furnace-for-its-speciality-glass-division

March 22, 2021