AGI glaspac invests in German Tech to build new furnace for its speciality glass division

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 colours. This high-quality speciality 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"