Gerresheimer grows in the emerging markets and acquires Indian pharma glass manufacturer Neutral Glass

Düsseldorf/Mumbai, April 2, 2012 – Gerresheimer AG, one of the world’s leading partners of the pharma and healthcare industry, is committed to growth in the emerging markets.

It acquires a majority shareholding in the Indian company Neutral Glass & Allied Industries Pvt. Ltd. to help it achieve this aim. Having local production operations in the emerging markets is strategically significant for Gerresheimer due to the rapid growth of the pharma sectors there. Gerresheimer already has five plants in South America, seven in China and representative offices in Moscow and Mumbai, providing it with a strong presence in the emerging markets. Now it also has a modern pharma glass production facility in India.

“The Indian pharma market is gaining in international significance and it is growing at an impressive rate. Neutral Glass is a leading manufacturer of high quality glass pharmaceutical packaging products which has achieved profitable growth over recent years. Our acquisition of a majority shareholding in Neutral Glass will help us to strengthen our position in the emerging markets and to drive our growth in India,” commented Uwe Röhrhoff, CEO of Gerresheimer AG.

Neutral Glass is a leading manufacturer of pharmaceutical primary packaging made of glass based in Mumbai with a modern moulded glass plant in Kosamba (Gujarat Province, India). Neutral Glass produces pharmaceutical primary packaging products such as glass vials for liquid medications and infusions, as well as injection bottles. Gerresheimer has acquired a 70% stake in the company from the owner family, which has retained 30% of the shares. The signing took place today, the closing is expected in short term. In the 2010/11 financial year, Neutral Glass generated annual revenues of approximately INR 1.0bn (around EUR 15m) and it has some 600 employees. Neutral Glass’s quality management systems have been certified as compliant with ISO 9001:2008.

Gerresheimer took over the leading Brazilian manufacturer of pharmaceutical plastic packaging products in March 2011. With five plants in South America, seven in China and the new plant in India, plus representative offices in Moscow and Mumbai, Gerresheimer is well represented in the fast-growing BRIC nations (Brazil, Russia, India and China). Gerresheimer’s declared objective is to double revenues in the emerging markets from EUR 100m in 2010 to EUR 200m in 2013. In addition to organic growth, acquisitions such as the Neutral Glass acquisition and the acquisition of the Brazilian company last year will play an important role in taking Gerresheimer closer to achieving its revenue growth objective.** About Gerresheimer

Gerresheimer is an internationally leading manufacturer of high-quality specialty products made of glass and plastic for the global pharma and healthcare industry. Our comprehensive portfolio of products extends from pharmaceutical vials to complex drug delivery systems such as syringe systems, insulin pens and inhalers for safe medication dosage and application. Together with our partners, we develop solutions which set standards and have role model status in their respective market sectors.

Our Group realizes revenues of around one billion euros and has over 10,000 employees at 47 locations in Europe, North and South America and Asia. We use first-rate technologies, convincing innovations and targeted investments to systematically consolidate our strong market position.

Contact Jens Kuerten Director Corporate Communication & Marketing Phone +49 211 6181-250 Fax +49 211 6181-241

600450 Gerresheimer grows in the emerging markets and acquires Indian pharma glass manufacturer Neutral Glass glassonweb.com

See more news about:

Others also read

AIS Swytchglas in offices: Bolstering Privacy & Productivity
Glass has always been a popular addition to offices around the globe, often replacing walls and whiteboards in many spaces.
Şişecam Group strengthens its position in India
Şişecam bought a further 49.8% stake in HNG Float Glass Limited, its flat glass manufacturer affiliate in India, for 85.4 million US Dollars.
Christian Krenn (LiSEC) with Mr. Ramaswami and Mr. Kheruka (Borosil) after signing the contract
At the trade show Intersolar in Munich Mr. Kheruka, Mr. Ramaswami and Christian Krenn signed a contract for a second tempering plant.
With a length of approx. 190 m, the Cold End equipment from Grenzebach is the end of the new float glass production line from Gold Glass. The picture shows the main line course towards the continuous ribbon area.
Gold Plus Glass Industry Limited in India now has two Float glass production lines with Grenzebach Cold End in operation.
AIS SunShield Trendz
AIS SunShield Trendz brings together the functional superiority of AIS Heat Reflective glass and the refreshing new aesthetics of patterned, Heat Reflective glass – giving our customers the opportunity to embrace a trendier alternative to our SunShield Range.
Asahi India Glass Ltd. (AIS) and Tarun Tahiliani announce AIS Glass Villa, a one-of-its-kind living space in Goa
Asahi India Glass Ltd. (AIS), India’s leading integrated glass manufacturer is proud to announce its association with designer Tarun Tahiliani for a first-of-its-kind project – AIS Glass Villa.

Add new comment