Glass: GHANI GLASS LIMITED

OVERVIEW  (December 24, 2010) : Ghani Glass Limited (GGL) is a public limited company incorporated in Pakistan under the Companies Ordinance, 1984. The company started its commercial production during June 1995. It claims to be one of the constituent members of Ghani Group - an interest free corporate entity.

It has the honor of being the 1st ISO 9002 Certified Glass Plant of Pakistan. Its shares are quoted on Karachi and Lahore stock exchanges. The group's glass plants were the first ones to achieve ISO and GMP certifications.

The company is engaged in the business of manufacturing and sale of glass containers and sheet glass of different types. Main products include Pharmaceuticals Amber/Clear Glass Bottles, Food and Beverages Flint/Green Glass Bottles, and Flat Glass/Sheet Glass/Float Glass.

Ghani Glass is incorporated in Punjab having its registered and head offices and marketing office located in Lahore. However, its manufacturing facilities are diversified at two locations. GG Plant-I and Regional Marketing Office are located in Tehsil Haripur Khyber Pakhtunkhwa, GG Plant II H-15 Landhi Industrial Area Karachi.

During FY06, the company has undergone a merger with the Ghani Float Glass Limited (GFGL) which is the first float glass plant in the country where commercial production has already started in July 2005. After this import substitute indigenous production line of float glass (which was previously 100% imported thereby inflating the annual import bill), imports of this product have almost stopped. This has been achieved without any incentive or reduction in duty for local float glass manufacturers.

In a short span of time a whole range of clear float glass has been produced and GGL subsequently introduced the green float glass in the market. Also GFGL successfully entered in its exports horizon, yielding foreign exchange for the country.

The company has undergone a major BMR expansion. During FY06, the company invested Rs 255 million on BMR and acquisition of new assets. Resultantly now all the furnaces of the company are new and working on full capacity. Total production in comparison with last year has increased by 105 percent as the new furnace has worked for full year.

Moreover, product range of the company is as follows: Beverage containers - flint, Beverage containers - green, Food containers - flint, pharmaceutical containers - amber, Ghani green, Ghani clear, Ghani reflective and Ghani brown.