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17.11.2011, SCHOTT AG, Mainz (Germany)

SCHOTT and Xinkang agree on joint venture in China

Mainz, November 17, 2011 – This week, German technology group SCHOTT and the Chinese company Zhejiang Xinkang Pharmaceutical Glass Co., Ltd. signed an agreement to establish a pharmaceutical packaging joint venture in China. SCHOTT will own the majority of shares of the new company that will supply the fast-growing Chinese pharmaceutical market with high-quality pharmaceutical packaging products made of glass. The closing of the joint venture is subject to customary closing conditions.
“With the formation of this joint venture between SCHOTT and Xinkang, two strong partners are joining forces. By combining Xinkang’s knowledge of the local market with SCHOTT’s technological expertise, we will be able to supply Chinese pharmaceutical companies with high-quality packaging products even more effectively in the future,” explained Prof. Udo Ungeheuer, Chairman of the Board of Management of SCHOTT AG.

With this joint venture, SCHOTT will be strengthening its position in the important growth market of China and continuing its expansion in the emerging pharmaceutical markets. SCHOTT Pharmaceutical Systems already operates manufacturing facilities in countries like Brazil, Russia and India. The joint enterprise will manufacture at both SCHOTT’s existing site in Suzhou, Jiangsu Province and in Jinyun, Zhejiang Province.

About SCHOTT Pharmaceutical Systems
SCHOTT Pharmaceutical Systems is one of the world’s leading suppliers of glass tubing and primary packaging for the pharmaceutical industry. We provide our customers quality solutions while meeting their highest demands with our material expertise, specialized analytical lab services, and a broad product portfolio; including syringes, cartridges, vials, ampoules, and special articles made of glass and COC polymer. With five glass tubing production sites and fifteen sites for pharmaceutical packaging spread over four continents, we offer safe supply and local service. Our state-of-the-art production facilities and our products comply with the highest international quality standards for pharmaceutical needs.

About SCHOTT
SCHOTT is an international technology group with more than 125years of experience in the areas of specialty glasses and materials and advanced technologies. SCHOTT ranks number one in the world with many of its products. Its core markets are the household appliance, solar power, pharmaceuticals, electronics, optics, transportation and architecture industries. The company is strongly committed to contributing to its customers’ success and making SCHOTT an important part of people’s lives with high-quality products and intelligent solutions. SCHOTT is committed to managing its business in a sustainable manner and supporting its employees, society and the environment. The SCHOTT Group maintains close proximity to its customers with manufacturing and sales units in all major markets. Its workforce of around 17,500 employees generated worldwide sales of approximately 2.9 billion euros for the 2009/2010 fiscal year. SCHOTT AG, with its headquarters in Mainz (Germany) is owned by the Carl Zeiss Foundation.

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