Asahi Glassplant to Invest up to Rs 200 Crore in TS-based Standard Group

HYDERABAD: Asahi Glassplant (AGI Japan) announced a strategic investment of up to Rs 200 crore in the Telangana-based Standard Glass Lining Technology and its affiliated companies, a release said from Standard Group.

Under the definitive agreements, AGI Japan will facilitate Standard's entry into the Japanese market. The partnership will employ various approaches, including private label arrangements, co-­branding initiatives, and the supply of components while adhering to the quality standards of AGI.

AGI Japan envisions further investment opportunities in businesses associated with the Standard Group, particularly those involved in manufacturing mechanical seals, barrier isolators, valves, and electromechanical products.

Standard Glass is building integrated glass equipment manufacturing facilities on a 36-acre site in Telangana. The facility will have welding robots, semi-automated cutting, bending, and welding machinery and others, the release said.