HYDERABAD: Japanese participant Asahi Glassplant Inc (AGI Japan) is making a strategic funding of as much as Rs 200 crores in Hyderabad-based Commonplace Glass Lining Expertise Restricted and its affiliated corporations for a minority stake in Commonplace Glass.
AGI Japan mentioned that together with GL HAKKO and its associates it will likely be securing a minority stake in Commonplace Glass in a collaboration that’s being touted as a pivotal power in AGI Group and Commonplace Group’s industries and geographies.
AGI Japan can be additional funding alternatives in companies intently related to the Commonplace Group, notably these concerned in manufacturing mechanical seals, barrier isolators, valves, and different cutting-edge electromechanical merchandise.
Beneath the definitive agreements signed between the 2 gamers, AGI Japan will play a vital function in facilitating Commonplace’s entry into the Japanese market.
The partnership will make use of numerous approaches, together with personal label preparations, co-branding initiatives, and the availability of parts whereas adhering to stringent high quality requirements, a Commonplace Glass press communique mentioned.
AGI Japan CEO Yasuyuki Ikeda has already been serving as a non-executive director at Commonplace Glass since March 2023 to contribute to the latter’s international enlargement, Commonplace Glass added.
The most recent improvement comes at the same time as Commonplace Glass has just lately arrange Commonplace Flora (P) Ltd to cater to high quality PTFE-lined elements and fittings complementing glass-lined tools and is developing one of many world’s largest built-in glass tools manufacturing at a just lately acquired 36-acre website at Bothapally in Telangana.
The ability will likely be geared up with state-of-the-art equipment, together with welding robots, semi-automated reducing, bending, and welding equipment, in addition to superior welding energy sources.
AGI Japan mentioned that together with GL HAKKO and its associates it will likely be securing a minority stake in Commonplace Glass in a collaboration that’s being touted as a pivotal power in AGI Group and Commonplace Group’s industries and geographies.
AGI Japan can be additional funding alternatives in companies intently related to the Commonplace Group, notably these concerned in manufacturing mechanical seals, barrier isolators, valves, and different cutting-edge electromechanical merchandise.
Beneath the definitive agreements signed between the 2 gamers, AGI Japan will play a vital function in facilitating Commonplace’s entry into the Japanese market.
The partnership will make use of numerous approaches, together with personal label preparations, co-branding initiatives, and the availability of parts whereas adhering to stringent high quality requirements, a Commonplace Glass press communique mentioned.
AGI Japan CEO Yasuyuki Ikeda has already been serving as a non-executive director at Commonplace Glass since March 2023 to contribute to the latter’s international enlargement, Commonplace Glass added.
The most recent improvement comes at the same time as Commonplace Glass has just lately arrange Commonplace Flora (P) Ltd to cater to high quality PTFE-lined elements and fittings complementing glass-lined tools and is developing one of many world’s largest built-in glass tools manufacturing at a just lately acquired 36-acre website at Bothapally in Telangana.
The ability will likely be geared up with state-of-the-art equipment, together with welding robots, semi-automated reducing, bending, and welding equipment, in addition to superior welding energy sources.
