German technology group Schott and Chinese company Zhejiang Xinkang Pharmaceutical Glass, have 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. ??“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,” said Professor Udo Ungeheuer, Chairman of the Board of Management of Schott.

Schott Pharmaceutical Systems already operates manufacturing facilities in Brazil, Russia and India. The joint enterprise will manufacture at both Schott’s existing site in Suzhou, Jiangsu Province and in Jinyun, Zhejiang Province, China.