Garware Hi-Tech Films Limited has announced the successful incorporation of its new wholly-owned subsidiary, Garware Hi Tech Global Trading FZCO, based in the Dubai Airport Free Zone Authority. This strategic expansion is designed to bolster the company’s international distribution and export capabilities, specifically targeting the MENA region. The new entity, fully capitalized with AED 2,000,000, will focus on scaling the reach of the company’s films, ceramic coatings, and paint protection films.
Strengthening International Distribution
As part of its growth strategy, Garware Hi-Tech Films has established a new entity in the United Arab Emirates to streamline operations and reach new global markets. The incorporation of Garware Hi Tech Global Trading FZCO (GHGT) was finalized on April 27, 2026, with the official license received on May 21, 2026. This move marks a significant step in the company’s efforts to enhance its presence in international markets.
Operational Focus and Financial Commitment
The subsidiary will function as a specialized trading arm, facilitating the export and sale of the company’s core product portfolio, which includes Films, Ceramic Coatings, and Paint Protection Films (PPF). To support these operations, the company has invested an initial capital of AED 2,000,000, divided into 400,000 shares at a value of AED 5 per share. Garware Hi-Tech Films holds a 100% stake in this new venture, ensuring full operational control as it seeks to capture further market share in the MENA region and beyond.
Source: BSE
