Schott Aims For China’s High-End Pharmaceutical Packaging Market
This article was originally published in PharmAsia News
Executive Summary
German firm Schott has officially started operation of its Suzhou pharmaceutical packaging plant. The new factory can output 100 million glass bottles for drugs and ampoules annually, with capacity adjustable according to market demand. Currently, the supply will be mainly for the China market. Even though the country's production capacity of glass bottles for drugs is already saturated, Schott believes that its entry will not intensify the competition because it is targeting the high-end market. China is expected to be the world's fifth largest pharmaceutical market by 2010 and biggest by 2050. Schott is thus focusing on China's pharmaceutical packaging business, which contributes to 5 percent of its global revenue and is growing 15 percent yearly. (Click here for more - Chinese Language)