<var id="35pp5"><strike id="35pp5"></strike></var><var id="35pp5"><span id="35pp5"></span></var>
<var id="35pp5"><video id="35pp5"></video></var>
<cite id="35pp5"><span id="35pp5"><thead id="35pp5"></thead></span></cite>
<cite id="35pp5"><span id="35pp5"><menuitem id="35pp5"></menuitem></span></cite> <menuitem id="35pp5"></menuitem>
<cite id="35pp5"><video id="35pp5"></video></cite>
<var id="35pp5"></var>
<var id="35pp5"></var>
<var id="35pp5"></var><menuitem id="35pp5"></menuitem><var id="35pp5"></var><listing id="35pp5"><i id="35pp5"></i></listing>
<var id="35pp5"></var>
Home > News > Company News > Ghani Global Glass files for new plant in Serbia

Ghani Global Glass files for new plant in Serbia

Post Time:Jul 05,2021Classify:Company NewsView:1055

In a report filed with the Pakistani Stock Exchange, Ghani Global Glass Ltd. (GGGL), the largest producer of neutral glass tubing in Pakistan, announced the approval of a memorandum of understanding (MOU) between themselves and Serbia-based company to set up a plant in Serbia.

While a location has yet to be announced, the initial investment cost projection of 2 to 2.5 million USD suggests that the companies will be looking to outfit an existing location with new equipment. GGGL will form a joint venture with the Serbian company, with a 50 percent sharing ratio, for the production of glass vials and ampoules made from glass tubing supplied by Ghani .

GGGL reportedly expects to invest an additional 9 million USD once the facility is up and running, and will use its own resources to invest in the further development of the proposed plant.

The opening of a plant of this type is expected to lead to exportation of GGGL products to Europe.

Source: glassonlineAuthor: shangyi

Hot News