Hindusthan National Buys German Glass Company

Date: 13 May 2011
Source: http://online.wsj.com

Date: 13 May 2011

MUMBAI --Hindusthan National Glass & Industries has said it will buy the assets of Germany's ailing glass-container maker Agenda Glas AG for about 50 million euros ($71 million).

Agenda Glas has a production capacity of 320 tons a day.



Hindusthan National said it signed a pact with Germany's Insolvency Administrator to buy the assets of Agenda Glas that went into bankruptcy in February.



The Indian company expects to invest 50 million euros over a one-year period to buy the German company through its unit, HNG Global GmbH.



Agenda Glas has a production capacity of 320 tons a day, the company added.
600450 Hindusthan National Buys German Glass Company glassonweb.com

See more news about:

Others also read

MORE...

Solar Photovoltaic (PV) Power Market - Global Solar Photovoltaic Market Will Sustain its Growth Momentum
DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
New Product Allows Building Windows to Become "Solar Farms"
Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
Historically-styled windows contribute to modern comforts, architectural integrity, sustainability of U of MN Folwell Hall renovation
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
Glass Doctor Names New Vice President of Operations
Michael Gai has been named Vice President of Operations at Glass Doctor, following the recent promotion of Mark Liston to President.
Safelite Announces Fleet Contract with Ford
COLUMBUS, Ohio – Dec. 19, 2011 – Safelite AutoGlass®, the nation’s largest provider of vehicle glass repair and replacement services with a fleet of 6,000, announced it will transition to Ford®.
AAMA Corporate Membership Renewal Process Opens, Recruitment Incentive Program Added
The renewal process for AAMA Corporate Members is now open. AAMA Corporate Membership is available to businesses involved in the manufacture, sale or service of fenestration products and is renewed on an annual basis.

Add new comment