History of merging companies

Ghani Glass Limited was incorporated in 1992 and during 1994 the company was listed on stock exchanges. The Company setup its glassplant in village Shadi of district Haripur and started commercial production in 1995. This plant was the first to facilitate the GMP requirements of pharmaceutical industries.  This demand resulted from their strong focus on product quality, testament to which is the ISO 9002 certification that the plant received in October 1998. This made Ghani Glass the first ISO certified Glass Company in Pakistan. Within a short span of time, Ghani Glass became the leading manufacturer of glass products in Pakistan.

To meet the customer demand and honor the in time delivery promises, management invested more than Rs. 130 million and build an entirely new plant in the same premises at Ghani Glass Hattar.

At that time in Ghani Glass Hattar there were now two separate state-of-the-art glass plants, each having a daily production capacity of 125 tons. Two mega size furnaces are controlled by auto optic fiber system, designed and installed by SORG, Germany. There are seven high-speed machines, working around the clock, producing top quality glass bottles and covering the range of all kinds of USP type-III 7.5ml to 1000ml Amber and clear glass bottles vials and jars for the pharmaceuticals and Food & Beverages industries to meet the requirement of local and international markets.

Ghani Glass had led the way by introducing 8 section machines for the first time in the country, paving the way for other glass manufacturers to adopt the same technology. To step forward for adoption of latest available technology in the world, the company has distinguished to introduce 10-section double gob bottle making machines first time in the history of Pakistan.Further expansion plans are in the pipeline, which includes expansion of their new furnace and installation of multiple gob machines.

Merger With Kaas Ul Musaffa

BROADENING THE HORIZONS

In February 2004, the merger of Ka’as ul Musaf’fa (Pvt.) Ltd. into Ghani Glass was approved by the Lahore High Court and was implemented immediately. This merger allowed Ghani Glass to venture vigorously into the food and beverages bottling field.

RATIONALE BEHIND THE MERGER

The merger of the two companies was hailed to rationalize business structure, bring economies of scale and significantly improve flexibility, efficiency and financial strength. The merger was proposed to:

• Create immediate economies of scale, cost savings and a stronger marketing presence both nationally and internationally.
• A stronger balance sheet with adequate size and footing so as to make available cost efficient financial products to the company for its future expansion plans.
• Ensure a diversified product range thus insulating the company from the vagaries of the market is a particular sub-sector of the glass industry was to encounter any problems. Exports would also be enhanced.
• Considerably improve cash flow. Savings would occur in tax payments and marketing costs.
• Improve the company’s market standing by producing more items through rationalization of production of the two facilities according to demand and, as a consequence, savings in transportation cost would occur.

 Owing to the merger, Ghani Glass became the ‘glass supermarket’ of Pakistan.

Merger of Ghani Float Glass

Ghani Float Glass, pakistan’s first operative float glass was merged into Ghani Glass in May 2006. After merger annual production capacity had become more than 300,000 tons Sales revenue more than 4 billion per annum. Increasing shareholders’ value, enhancing trust of customers and suppliers, augmenting credibility of the company. Ghani Glass owns eight furnaces. Increasing benefits for the employees, rationalization of organization’s culture and upgrading of staff quality.