Gujarat Guardian Invests Rs 14 Cr In Modiguard Mirror Plant

Chennai, June 7: | Updated: Jun 8 2002, 05:30am hrs
Gujarat Guardian Ltd, a joint venture promoted by Guardian Industries Corporation of USA and Modi Group, has invested Rs 14 crore in a state-of-the-art plant located in Bharuch in Gujarat for manufacturing environmental-friendly mirrors under its brand Modiguard. The plant, built with the latest mirror manufacturing technology from Klopper, Germany, has a capacity of 3,500 tonne of mirror per month.

The company completely brought down the old plant, which had a 2,000 tonne capacity and built the new plant, all with internal accruals, according to Mr Alok Modi, joint managing director of Gujarat Guardian Limited.

The Modiguard mirror is corrosion resistant with a longer life and is ideal for hot and humid environments like India, he said.

GMP (green mirror processing) coating is used in the new mirror to give stonger protection to the silver film and does away with the traditional copper coating. It is given a computerised controlled uniform silver spray to avoid fractures in the silver film and Palladium is used for better bonding of silver film and removing the likelihood of dark spots. Finally, two coats of lead free imported paint is applied for better protection of silver film. The mirror is subjected to various tests in the laboratory to ensure longer life and consistent quality. The new plant can manufacture mirrors of 3 mm to 8 mm thickness in large sizes upto 3.6 metres. It is located in the same premises as the companys float glass plant. The Rs 400 crore-plant has a capacity of 15000 tonne per month.

After float glass and mirrors, the company is looking at manufacturing other value added glass products like table tops, laminated safety glass used in cars, buildings etc, according to Mr Modi.

The company has around 30 per cent share in the Rs 1200 crore glass market.