SCHOTT increases sales in India and plans record investments

SCHOTT expects to see loftier growth rates in the field of diagnostics Photo: SCHOTT

SCHOTT AG, leading international specialty drinking glass and technical ceramic materials manufacturer, has continued on its growth grade in the fiscal year 2022 – 19 (1 October 2022 to 30 September 2019). Its key financial figures developed positively or remained at a solid level from the previous year.

SCHOTT is one of the world's leading suppliers of pharmaceutical packaging. The visitor produces more than 11 billion pharmaceutical packaging units annually. Photo: SCHOTT

"We are pleased with the past financial year. Nosotros were able to meet our forecasts from concluding year and continued the positive business development of previous years despite the hard global economical situation," emphasized Dr Frank Heinricht, chairman of the Board of Management, at the Annual Results Press Conference.

According to the press statement, the international technology group managed to increase its sales by 5.1% to around EUR 2.two billion (approximately Rs ane.5 trillion). The operating result (EBIT), which now stands at EUR 275 million (approximately Rs 2000 crore), also improved at a consistent charge per unit, resulting in a consolidated net profit of EUR 206 million (approximately Rs 1500 crore). Business organisation with special drinking glass tubing for pharmaceutical packaging and the ampoules, vials, syringes, and cartridges produced from it, contributed substantially to the successful yr.

Investments significantly higher, India and Prc among top markets for SCHOTT

Investments in belongings, plant, and equipment amounted to EUR 257 one thousand thousand (approximately Rs 2000 crore) in the fiscal year, an increase of 38% over the previous year. Internationally, the largest investments in the fiscal twelvemonth went to sites in India and China. More than than EUR 21 one thousand thousand (approximately Rs 165 crores) was invested into a new tank facility at the Gujarat manufacturing plant, which supplies the FIOLAX glass tubing for pharmaceutic packaging.

At the presentation of the annual results, Dr Jens Schulte, principal financial officer pointed out that the equity ratio had remained at a solid level of 32%. "The company is thus in a potent financial position and has sufficient scope to accomplish organic growth besides as make acquisitions," he noted. The global number of employees rose to 16,200.

Strong growth in India

Tape investments in India are as well a result of exceedingly positive sales in the Asian market. India alone saw sales of EUR 49.5 meg (approximately Rs 388.6 crores) – an increase of xviii%. Key growth drivers for India were SCHOTT's Tubing, Pharma-Packaging, and Flat Glass for Cooking.

Sharing his views on the growth of the tubing and pharma packaging segment, Georg Sparschuh, president of SCHOTT Glass India, shared, "With our Indian growth activities, we aim to strengthen further the local industry and the authorities's goal of making India a global pharmaceutical hub. We accept committed to invest about EUR 51 meg (approximately Rs 400 crores) in our Gujarat manufacturing plant from 2022 till this yr, to further cater to the expanding domestic and Asian markets."

In add-on, SCHOTT also entered the Indian smartphone market place last twelvemonth. Its premium embrace glass Xensation Upwardly was introduced in the state as part of the new range of Vivo premium smartphones.

Special protection: The premium cover glass Xensation Up. reliably protects mobile phones from the hazards of everyday life. Shown hither in the V17 Pro smartphone from the Chinese technology company Vivo. Photo Vivo

Outlook for the fiscal year 2019-2020 – Key focus on the expansion of capacities in India, the setting of the grade towards climate neutrality

After getting off to a practiced start in the first three months of its new fiscal twelvemonth, SCHOTT expects sales to increment by between 3 to 6% for the year as a whole. The technology grouping expects impetus to come, amid other areas, from the demand for specialty glass for pharmaceutical packaging and ultra-thin glass for the foldable mobile devices of the time to come.

In financial year 2022 – 2020, SCHOTT plans to invest EUR 320 million (approximately Rs 2200 crore), the highest amount in the visitor's history. The main international focus will remain on capacity expansions in the pharmaceutical packaging business in Republic of india and Mainland china.

To reach this, the expansion of product capacity in the existing Bharat plant aims to farther strengthen its output past mid-2020. SCHOTT has committed additional investments of EUR 28 million (approximately Rs 200 crore) for another tank facility, which volition exist operational this year. With the new product facility, the plant's capacity volition be doubled, assuasive the group to produce its highly specialized FIOLAX tubing material for both domestic and consign demands.

At the same time, SCHOTT intends to intensify its efforts to protect the environment and the climate. "With a view towards responsible and sustainable further development, we take fix ourselves a clear goal. We want to brand SCHOTT a climate-neutral company. During this fiscal twelvemonth, we volition set up the course for this and consistently take the appropriate measures," said Dr Heinricht, chairman of the Board of Management.

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