The board of directors of Ghani Global Glass Limited (GGGL), in their meeting held on June 28, 2021, has approved the MoU (memorandum of understanding) signed by the Company with a Serbian (Eastern European) company for setup of a plant in Serbia, a notification issued to the Pakistan Stock Exchange (PSX) informed on Monday. This will be carried out in the form of a joint venture with the Serbian company with a 50% sharing ratio for the manufacturing of glass Ampoules and Vials from glass tubes to be supplied by the GGGL.
The project will include manufacturing of glass ampoules and vials from glass tubes to be supplied by the GGGL, said the notification. The initial cost of this project is $2-$2.5 million. However, as the ampoules and vials machines are added, the project cost may go up to $9 million.
It has been further decided that the Company will utilize its own resources for investment in Serbia as strategic decision that will “potentially open the doors for the export of GGGL glass tubes in Europe,” the notification added. This move is also driven by the development of ampoule prices worldwide, rising due to Coronavirus impact. Development and strategic moves given in board presentation about Trading Strategy -see video https://youtu.be/vhVzDucebAI
02.07.2021, Ghani Global Glass
此网站新闻材料的版权属于公司或第三方的新闻提供者，其所有权利保留。所有新闻材料对其访问者只能限于其本人使用，并且使用此材料的风险由其使用者独自自行承担。严禁对新闻材料进行再次发布和其它商业利用. 作为商业贸易的用途。如果新闻材料由第三方提供，当应用此新闻材料时，每个使用者都同意遵守，并且受此特定的项目的约束。Glass Global并不代表及认可新闻材料中所包含的内容及新闻中的外部网站的内容的准确性及可靠性。
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.