Official launch of Gold Plus 2nd Float line

June 19, 2018 Company News5

Unit Increases Company’s Capacity From 470 TPD To 1170 TPD

Gold Plus celebrated the official launch of its second Float Line on April 28 at its Roorkee plant in Uttarakhand. The float line effectively increases Gold Plus’s capacity from 470 TPD to 1170 TPD.

Gold Plus organized an official launch ceremony of its 2nd float line in Roorkee. The event was attended by many dealers, distributors and officials from the government. The day was graced by the presence of Uttarakhand Finance Minister Mr. Prakash Pant. On this occasion, the company arranged for a factory visit for all its dealers and distributors, who expressed their awe and admiration for the top-of-the-line machinery and use of advanced technology in the new unit. Delivering the keynote address on the occasion, Mr Subhash Tyagi, the founder-Chairman of ‘Gold Plus Glass Industry Limited’, shared with the audience, his experiences that he gathered on the journey of setting up the company. He spoke about the hardships faced by the firm and how the company steered its way out of those. He conveyed his gratitude to all institutions and individuals who helped take Gold Plus to its heights. He specially mentioned the banks that helped the company with finances and interest reliefs at the hour of need. During his speech, Mr Tyagi addressed the finance minister of the state and presented to him certain issues being faced by the industry and requested him for their quick redressal. Mr Tyagi stated that in Uttarakhand being a land-locked state has no access to a sea port and hence, the import-export opportunities for the glass enterprises in the state are quite limited. He asked the minister to ensure that the government looks into the viability of investments in the glass industry of the state so that the enterprises do not die out for the lack of it. Also, he mentioned the company paid a huge price due to the introduction of GST and a huge amount of money which the company was supposed to get as refund as part of exemption was stuck in red tape. Mr Tyagi asked the honourable finance minister to kindly see to it that these were addressed. Mr Pant, in his address, congratulated the Gold Plus family for the successful induction of the second float line and gave assurances to look into the issues raised so that they can be resolved in no time. The event came to a close with Mr Suresh Tyagi, Managing Director, delivering the note of thanks to the guests in attendance. Mr Jimmy Tyagi, son of Mr Subhash Tyagi and Executive Director of Gold Plus Glass Industry Limited, also conveyed gratitude to all guests who were present on the occasion. Gold Plus had announced the firing of the furnace on December 17, 2017. With this line, Gold Plus now produces a product range to cover all kinds of tinted and solar-reflective glass along with the existing clear glass range. Gold Plus Glass Industry Ltd, is now the second largest float glass producer of India. The Unit II, which envisages installation of high-end technologydriven float Line with a specially designed furnace for making tinted and reflective float glass, heralds a new beginning for the manufacturing sector in India, especially in the production of glass and allied processed products. The specially-designed Gold Plus furnace (Unit II) for the manufacture of tinted float glass is capable of producing 700 tonne per day (TPD) of superfine quality tinted and reflective float glass. With the installation of Unit II, the product range and quality of international-standard glass and processed products will enhance manifold. Gold Plus manufactures float glass, architectural and industrial glass, automotive glass, frosted glass, lacquered glass and special glasses such as magic glass, acoustic glass, burglaryresistant and bullet-resistant glass.

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