Marketing and Licensing Agreements

SCHOTT Forms Pharmaceutical Joint Venture in India

Published in Lab Business Week, May 11th, 2008

SCHOTT AG and KAISHA Manufacturers Private Ltd., an Indian company, announce the formation of a joint venture, SCHOTT KAISHA Private Ltd. The new joint venture will manufacture primary pharmaceutical packaging made of glass for the Indian market. The joint enterprise will have operations in Mumbai and Daman.

"With this double-digit million euro investment, SCHOTT continues on its course to growth and quality leadership. Additionally, we are securing our access to a very promising market," says Professor Udo Ungeheuer, Chairman of the Board of Management of SCHOTT AG.

SCHOTT, the technology group based in Mainz, Germany, will hold a 50 percent share...

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Source: Lab Business Week (2008-05-11)

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