German glass manufacturer and packager Gerresheimer has invested in furnace expansions at two production facilities.
The group invested €50.1 million in its Primary Packaging Glass division in the six months between December 2020 and May 2021, which was related mainly to the investments at its Kosamba, India and Lohr, Germany facilities.
It also invested in expanding its production capacity for injection vials, in its plants in North America and Europe.
In its half year financial results, the pharmaceutical and cosmetics glass packager reported revenue increase of 3.6% to €320.1 million in its glass division.
It reported demand in its cosmetics business recovered in the second quarter of the financial year 2021 and was higher overall year on year, following a sharp drop as a result of the Covid-19 pandemic.
It also reported ‘significant revenue increases for high-value solutions in particular, such as Elite Glass products’.