Schott to invest €300 million in pharmaceutical packaging business

The Schott technology group is set to invest around €300 million in the next three years in an expansion of its core glass tubing business as the start material for pharmaceutical packaging.

Production capacities will be significantly increased, in Europe and Asia in particular. Strong demand for FIOLAX glass tubing has prompted the company to build a new plant in Jinyun County, Zhejiang Province, which is scheduled to start production in 2020 and will serve the Chinese market.

Schott has more than 900 employees at several locations in China and will create 300 jobs by opening this plant. Constructing the new melting tank will also see the company expand its production capacity for FIOLAX at its pharmaceutical glass plant in Jambusar, Gujarat, India. The investment volume, including the new hall, energy supply and warehouse, amounts to more than €20 million and involves the creation of around 70 additional jobs.

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