Tariq Glass Industries Limited (TGL): Exploring possibility to setup Float Glass Facility – By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Board of Directors of Tariq Glass Industries (TGL) in its meeting held on Jan 26, 2022, signed a Term Sheet with ICI Pakistan (ICI) to explore the possibility of Joint Venture for setting up the State-of-the-art Greenfield Float Glass Manufacturing Facility with production capacity of up to 1,000 tons/day. The project is at a feasibility stage and is subject to regulatory approvals</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Currently, TGL has a Float Glass capacity of around 1,050 tons per day. TGL and Ghani Glass are the only two players in the float glass segment with ~50% of market share for each. We wait for further clarity on the project by the management. However, being a greenfield project, i...