SCHOTT AG & KAISHA joint venture in Pharmacy :

MAINZ, Germany and MUMBAI, India, SCHOTT AG and KAISHA Manufacturers Private Ltd., an Indian company, announce the formation of a joint venture, SCHOTT KAISHA Private Ltd. The new joint venture will manufacture primary pharmaceutical packaging made of glass for the Indian market. The joint enterprise will have operations in Mumbai and Daman.

"With this double-digit million euro investment, SCHOTT continues on its course to growth and quality leadership. Udo Ungeheuer, Chairman of the Board of Management of SCHOTT AG.

SCHOTT, the technology group based in Mainz, Germany, will hold a 50 percent share in the company and contribute its technological expertise in manufacturing high quality ampoules, vials, syringes and cartridges in a global environment. KAISHA will bring in its existing sites and manufacturing capacities.

SCHOTT and KAISHA have worked successfully for many years in a buyer-supplier relationship. SCHOTT supplied the pharmaceutical glass tubing to Kaisha for converting them into primary pharmaceutical packaging products

The pharmaceutical packaging market in India is growing by approximately 10 to 15 percent per year, particularly in the higher quality segments, according to industry analysis. India has the largest number of U.S. Food and Drug Administration approved plants outside of the United States, for example. The joint venture will support Indian pharmaceutical companies in upgrading products for international markets by supplying pharmaceutical packaging at an international quality level from the Indian production site. For this purpose, SCHOTT KAISHA will build production capacity for Standard Line ampoules and vials, which will be in production in the fourth quarter 2009.

SCHOTT Pharmaceutical Packaging is one of the world's leading suppliers of parenteral packaging for the pharmaceutical industry. More than 500 production lines in 11 production sites worldwide produce more than 6 billion syringes, vials, ampoules, cartridges and special articles made of tubing glass or polymer. All production sites of Business Segment SCHOTT Pharmaceutical Packaging operate in a GMP environment and the products comply with the international standards USP, EP and JP.

Author

Yash Shrivastava

Marketing Executive