Company History of Gulf Glass Industries Company:
- Gulf Glass Industries Company - K.S.C. (c) was established on December 27, 1981, as a joint stock company in Kuwait under the Commercial Companies Law.
- The company is registered with Commercial Registration No. 32420.
- It holds the distinction of being one of the pioneering factories in the GCC region to produce and distribute high-quality glass containers for beverages, food industries, and various consumer sectors in the Gulf and the Middle East.
- On June 28, 1998, the company's shares were listed on the Kuwait Stock Exchange.
- However, on March 9, 2017, the company made a voluntary decision to withdraw its shares from the Kuwait Stock Exchange, concluding its trading activity there.
Company Capital:
- The previous capital of Gulf Glass Industry was KD 4,664,840.
- The current capital of Gulf Glass Industries, as per the financial report for the year ended December 31, 2022, stands at KD 5,131,325 (KD 5,131,325 / 2021).
- The capital is divided into 51,313,247 shares, each having a value of 100 fils. All shares are fully paid in cash.
Company Activity:
- Gulf Glass Industries Company is primarily engaged in the manufacturing of glass bottles.
Company Services:
- The company serves its customers by manufacturing glass bottles of various types and shapes, catering to the diverse needs of the market.
Company Vision:
- Gulf Glass Industries Company envisions introducing modern technology and innovations in the production of glass containers.
- Expanding into new markets is another primary focus for the company.
- The company strives to achieve meaningful social participation within Kuwaiti society.
Achievements since Inception:
- Gulf Glass Manufacturing Company was established with one melting furnace and two production lines.
- The company expanded its production capabilities by increasing the production line for oven No. (1).
- In addition, the company augmented its melting capacity through the addition of a second furnace - furnace No. (2).
- Presently, the company operates with two melting furnaces and five production lines to efficiently cater to the demand for glass bottles.
|