BMT and HNG joint venture

Belgium“s glass container mould manufacturer BMT Group has announced that it intends to set up a joint venture with Hindustan National Glass & Industries (HNG), the largest glass manufacturer in Indi…

Belgium“s glass container mould manufacturer BMT Group has announced that it intends to set up a joint venture with Hindustan National Glass & Industries (HNG), the largest glass manufacturer in India. BMT operates glass mould business through Omco International nv, and has glass mould shops in the UK, US, Belgium, Croatia, Austria, Istanbul and Romania. Mukul Somany, joint managing director at HNG, confirmed the JV, saying: We have had a few meetings and things are progressing well. Currently, we have four plants making glass moulds. Jean-Christophe Seynaeve, director of BMT and managing director & CEO of Omco, said: We are in talks with HNG to set up a glass moulding shop in India. This will be a 50:50 joint venture and we are working on the various nuances of the venture at present. The glass market in India is expanding and delivering glass moulds to it would work very well. Shape of bottles and getting the right container in place is hugely important now that a lot of big brands are being marketed in India. About 70% of the glass manufacturing in India is with HNG at present, Seynaeve said. The largest part of BMT“s revenues come from the manufacture of industrial gears and transmissions, and the company is also exploring tie-ups with Indian gear companies. We are in the early stages of exploration for tie-ups and would talk to rail, gear and foundries to understand the Indian market. Our gear boxes, which are manufactured with top class technology, are running in trains and metros, Seynaeve said. BMT also supplies a specific kind of a gear to Airbus and Boeing. We have contacts with HAL (Hindustan Aeronautics Limited) and we are talking on delivering gears for their army helicopters, he said.