Haldyn Glass board approves proposal for JV with Heinz Glas

Haldyn Glass announced that its board of directors has approved the proposal for a joint venture (JV) with Heinz Glas International GMBH, Germany, to manufacture perfume and cosmetic glass bottles for the export and local market.

Heinz Glas brings more than 350 years of experience in the manufacture of high quality cosmetic and perfume glass bottles to the partnership. They have a presence in 16 locations across 12 countries throughout the world.
Company shares gained Rs 0.85, (3.19%) to settle at Rs 27.50. The total volume of shares traded was 197,883 at the BSE (Tuesday 23 June).