Ghani Global Glass Limited announced investment in Serbia

GGGL announced investment in Serbia

GGGL announced investment in Serbia: Board of directors of Ghani Global Glass Limited in their meeting has approved the MOU (memorandum of understanding) signed by the Company with a Serbian (Eastern European) company for setup of a plant in Serbia.

GGGL will invest USD9.0 million in Serbia

This project will be carried out in the form of joint venture with the Serbian company with 50% sharing ratio for manufacturing of glass Ampoules and Vials from glass tube to be supplied by the Company/GGGL.

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GGGL investment in Serbia: Initial cost of this project is US $ 2.00 – 2.50 Million. Thereafter on addition of Ampoules and Vials machines, the project cost may increase to US $ 9.00 Million. It has been further decided, the Company will utilize its own resources for investment in Serbia. This strategic decision will potentially open the doors for export of GGGL glass tubes in Europe.

Company Profile

Ghani Global Glass Limited

BUSINESS DESCRIPTION

Ghani Global Glass Limited (GGGL) was incorporated in Pakistan under the Companies Act, 2017 as a private limited company on October 04, 2007. The Company is principally engaged in manufacturing and sale of glass tubes, glass-ware, vials and ampules.

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