Hindusthan National Glass (HNG) Float Glass, part of the HNG Group, has confirmed the technology for building a 1000 tonne/day furnace in Gujarat, India.??
The company expects to achieve financial closure for the Rs 850 crore brownfield expansion project by March 2012.??
Incorporated in 2006, HNG Float Glass currently operates a 600 tonne/day furnace in Gujarat and controls 20% of the expanding float glass market in the country.
??The new technology, to be developed in-house using available solutions, is expected to be 8% more cost effective than the company’s existing furnace.