Mumbai, 20 March 2013

Indo-German joint venture Schott Kaisha said it was looking at additional investment of around Rs 100 crore towards expanding pharma packaging products capacity at its Jambusar unit in Gujarat where it has already invested Rs 136 crore (€ 20 million) in first module that produces about two billion ampules and vials per year.The company will finalise details of expansion and investment plans after the completion of its first module by end of this year according to Kairus Dadachanji, Managing Director, Schott Kaisha.

Schott AG and an Indian company Kaisha Manufacturers had formed a joint venture for pharmaceutical glass packaging in 2008.The Jambusar plant has 20 production lines for ampules and 16 for vials, with scope for further expansion.Schott Kaisha achieved a turnover of Rs 160 crore in FY-12 and targeted turnover of Rs 240 crore in FY-13 and Rs 300 crore in FY-14, Dadachanji said.