Gujarat production capacity to increase by 50%
Schott AG has inaugurated its latest furnace in Jambusar, Gujarat following an investment of €21 million last year. The company forecasts rapid growth for high quality glass in the pharmaceutical industry and has committed additional investments of €26 million for another tank in 2020. Each of the new production facilities, with a combined investment of €47 million, will double the capacity of Schott Glass India’s manufacturing plant, allowing the group to produce its highly specialist FIOLAX tubing material for both domestic and export demands.
“While the domestic market remains our key focus, our India plant also caters to the Asian market, thereby contributing to pharmaceutical industry exports and the Indian government’s vision of becoming a global pharmaceutical hub” commented Managing Director Georg Sparschu. “Schott also takes cognizance of the Indian Health Ministry’s initiative to provide affordable and accessible healthcare to its citizens. In this regard, we wish to be part of such initiatives by contributing to the pharmaceutical value chains and by providing high quality glass products for pharma packaging, ensuring the highest global safety standards.”
