RIGID PACKAIGNG
z Serum secures supply of high-quality pharma packaging
Serum Institute of India buys 50 % of Schott Kaisha
Germany ’ s specialty glass company Schott has a new partner . Serum Institute of India , the world ‘ s largest vaccine producer and manufacturer of highly-effective biologics , has bought 50 % stake in the Indian joint venture Schott Kaisha from former co-owners Kairus Dadachanji and Shapoor Mistry . The joint venture is the leading Indian manufacturer of pharma packaging products such as vials , syringes , ampoules and cartridges used to package life-saving medications . With this acquisition , Serum is securing its supply of high-quality pharma packaging amid rising global demand .
Adar Poonawalla , CEO of Serum Institute of India says , “ Even the best medication can ’ t reach the patient without the right packaging . Securing this supply chain is of strategic importance . Schott is the perfect partner for us to do this because of their expertise and global network . As a longtime customer , we use their vials , ampoules and syringes to store our vaccines including Covishield . Working even closer together is in the best interest of global health .”
Dr Frank Heinricht , CEO Schott , says , “ As India has steadily established its position as a global pharmaceutical hub , we are delighted to strengthen our footprint within the Indian pharma supply chain . We are looking forward to strong impulses from this partnership . It is an excellent example of shifting towards new cooperation models , with greater synergies between pharma manufacturing and packaging production .”
The joint venture will definitely continue to supply its customers in India and abroad as a reliable partner , says Eric L ’ Heureux , the new managing director and former longstanding head of operations . “ We have significantly increased our production capacity in India . Over the last three years we have invested roughly Indian Rupees 600 crore ( approximately EUR 72 million ) to set up two new plants in Umarsadi , Gujarat and Baddi in Himachal Pradesh , and to secure uninterrupted supply in our existing facilities during the pandemic .” Both Schott and Serum are committed to invest further and will announce concrete plans as this partnership evolves .
z Fighting Covid-19 together
Working together in the joint venture opens a new chapter in the successful partnership of Serum and Schott . The companies have had a strong business relationship – and both have been playing a crucial role during the pandemic . From the onset of the Covid-19 outbreak , Serum rose to the challenge of developing and / or manufacturing live-saving vaccines , such as Covishield and Covovax . To this day , the company has filled and delivered hundreds of millions of doses to India and the world .
On the packaging end , Schott has already exceeded its target to deliver vials for more than 2 billion vaccine doses through 2021 . The company is providing glass vials globally to key vaccine manufacturers . The fact that Schott has an integrated value chain , covering also the glass tubing the packaging is made of , further helped to secure the supply chain .
SCHOTT founder Otto Schott is considered the inventor of high-tech materials based on specialty glass and became the pioneer of an entire industry . Always opening up new markets and applications with a pioneering spirit and passion – this is what has driven the # glasslovers at SCHOTT for more than 130 years . Represented in 34 countries , the company is a highly skilled partner for high-tech industries - healthcare , home appliances , and living , consumer electronics , semiconductors and datacom , optics , industry and energy , automotive , astronomy , and aerospace . In the fiscal year 2020 , its 16,500 employees generated sales of
Covishield vaccine in Schott- Kaisha ’ s Type 1 tubular glass vials Photo Schott- Kaisha
Adar Poonawalla , chief executive officer Serum Institute of India
SCHOTT CEO Dr Frank Heinricht
32 Packaging South Asia 25 August 2021