SCHOTT Tubing India to further invest 20 million euros

October 18, 2018, Jambusar: SCHOTT AG, manufacturers of pharmaceutical glass and packaging, has announced the launch of a new glass tank in its Indian manufacturing plant at Jambusar, Gujarat. The German technology group is further growing its production capacity through this new tank facility with a total investment of more than 20 million euros (approximately INR 180 crores).The investment comes at a time when the company is celebrating 20 years of operations in India.

The expansion is in response to the increasing demand for high-quality pharmaceutical packaging material in the global market. Construction work on the new tank facility has already begun and is expected to be completed within 18 months. Production from the new tank is scheduled to begin by January 2020. The new glass tank facility will help fulfil the constantly growing demand of premium borosilicate glass tubing like FIOLAX® clear. It is used for high quality pharmaceutical packaging, especially vials and ampoules for India as well as for export markets.

Commenting on the role of India’s growth in the pharma sector, in realizing SCHOTT Tubing’s global ambitions Dr. Patrick Markschlaeger, Executive Vice President, SCHOTT AG, Business Unit Tubing shared, ‘‘The rapid development of the Indian pharmaceutical market requires a strong growth of high-end pharmaceutical packaging and in consequence high-end pharmaceutical tubing. We estimate a market growth for premium packaging and therefore for tubing to continue on a very strong level in the coming years. In addition to the supply of the domestic market, SCHOTT Tubing India will also serve the strong growing Asian market outside of India and will therefore be an important hub for the Asian market.”