SCHOTT and Xinkang agree on joint venture in China
, SCHOTT/schott.comThis week, German technology group SCHOTT and the Chinese company Zhejiang Xinkang Pharmaceutical Glass Co., Ltd. signed an agreement to establish a pharmaceuti
This week, German technology group SCHOTT and the Chinese company Zhejiang Xinkang Pharmaceutical Glass Co., Ltd. signed an agreement to establish a pharmaceutical packaging joint venture in China. SCHOTT will own the majority of shares of the new company that will supply the fast-growing Chinese pharmaceutical market with high-quality pharmaceutical packaging products made of glass. The closing of the joint venture is subject to customary closing conditions.
“With the formation of this joint venture between SCHOTT and Xinkang, two strong partners are joining forces. By combining Xinkang’s knowledge of the local market with SCHOTT’s technological expertise, we will be able to supply Chinese pharmaceutical companies with high-quality packaging products even more effectively in the future,” explained Prof. Udo Ungeheuer, Chairman of the Board of Management of SCHOTT AG.
With this joint venture, SCHOTT will be strengthening its position in the important growth market of China and continuing its expansion in the emerging pharmaceutical markets. SCHOTT Pharmaceutical Systems already operates manufacturing facilities in countries like Brazil, Russia and India. The joint enterprise will manufacture at both SCHOTT’s existing site in Suzhou, Jiangsu Province and in Jinyun, Zhejiang Province.
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.
Updated worldwide glass market study 2020 available now for flat, container glass and tableware
We have updated our international
studies on flat glass, container glass and tableware for 2020.
This unique software provides a global overview about glass producers and
technical details. Easy to use and clear tables summarize information
and data about glass makers such as:
Glass types: flat glass, container glass, tableware,
production capacities in regions and countries,
number of furnaces, furnace types, year of construction,
glass types and sub-types, products,
project information, special news and downloads.
Further databases supplying demoscopic data and import and export data
complete the market survey. Based on these data, prepare individual
country profiles with information about local production capacities,
local market sizes and expected demand in the future.