New Launch14 May 2025, 05:32 am
Standard Glass Lining Technology Ltd Launches Glass-Lined Shell and Tube Heat Exchangers in India
AI Summary
Standard Glass Lining Technology Ltd (SGLTL) has formed a strategic partnership with Japan's AGI Group and GL HAKKO to launch world's first glass-lined shell and tube heat exchangers in India. This pioneering breakthrough positions SGLTL on the global innovation map in this segment. The latent Indian market alone is estimated to be about 32,000 crore at current estimated sales price of this product, while the global opportunity estimates exceed $2 billion. Standard Glass has already secured 150 advance orders ahead of domestic production.
Key Highlights
- Standard Glass Lining Technology Ltd has formed a strategic partnership with Japan's AGI Group and GL HAKKO to launch world's first glass-lined shell and tube heat exchangers in India.
- This collaboration grants SGLTL an exclusive 20-year license to assemble and market GL HAKKO’s world-class glass-lined shell and tube heat exchangers in India.
- The Indian market for this product is estimated to be about 32,000 crore at current estimated sales price, while the global opportunity estimates exceed $2 billion.
- Standard Glass has already secured 150 advance orders ahead of domestic production.
- Manufacturing of this product in India is estimated to commence by Q4 FY26 at their upcoming world-class, highly mechanised facility.