The Pakistan Credit Rating Agency Limited assigns initial entity ratings of “A+/ A1” to Tariq Glass Industries Limited (TGL).
The Long-term rating “A+” represents high credit quality and low expectation of credit risk. The capacity for timely payment of financial commitments is considered strong.
This capacity may, nevertheless, be vulnerable to changes in circumstances or in economic conditions. While the short-term rating “A1” shows a strong capacity for timely repayment.
TGL has built formidable reputation of being a premier manufacturer of tableware, float glass, container-ware and opal glass in the Country and possess largest state of the art manufacturing facilities to achieve global standards.
The float glass facilities can produce clear and colored float glass, sandblasted glass tinted and reflective glass through an online CVD coating mechanism, and mirrors with spectrum technology.
The company has expanded its footprints for manufacturing the opal glass dinnerware by installing the most modern manufactory which is the only plant in Pakistan. This is in line with the key pillars of their business strategy that include (a) quality and reliability of products (b) economies of scale.
