The German technology group SCHOTT and the Japanese company Naigai Glass Industry CoLtd have founded a joint venture for pharmaceutical packaging activities in Japan effective October 1, 2010. The new company is called SCHOTT NAIGAI K K and is based in Osaka, Japan, where Naigai has already been operating a production site for many years.
The new joint venture will manufacture high-quality vials for the Japanese pharmaceutical industry mainly from SCHOTT’s pharmaceutical tubing glass “Fiolax”.
“The founding of this joint venture in Japan represents yet another important milestone in our global growth strategy for our core business of pharmaceutical packaging. With Naigai, we have found a strong partner who shares the same high commitment to quality that SCHOTT has. This will allow us to significantly strengthen our market position inside the world’s second largest pharmaceutical market,” explained Prof. Udo Ungeheuer, Chairman of the Board of Management of SCHOTT AG.
SCHOTT and Naigai have already been working together successfully in a buyer-supplier relationship for many years. SCHOTT has been supplying Naigai with pharmaceutical glass tubing which the company needs in order to make primary pharmaceutical packaging products.
SCHOTT AG
