Schott has seen its sales rise by 5.1% to €2.2 billion for fiscal year 2018/19 and has confirmed plans to invest €320 million over the next year, the highest amount in the company’s history.

Investments in property, plant and equipment amounted to €257 million in the fiscal year, an increase of 38% over the previous year.

Among other projects, the expansion of the Glass-Ceramic Competence Centre at the plant in Mainz was completed to meet the high demand for Zerodur glass-ceramic.

The expansion of the production capacity of an existing plant in India and the construction of a new plant in China were the largest foreign investments.

The number of employees also rose to 16,200.

The main focus for 2019/20 will be on capacity expansions in the pharmaceutical packaging business in China and India.

In Germany, Schott plans to invest in its pharmaceutical packaging business in Müllheim, among other sites, as well as in its manufacturing capacities for specialty glass in Mainz and Jena.

At the same time, Schott intends to intensify its efforts to protect the environment and the climate.

Dr. Heinricht, Chairman of the Board of Management, said: “With a view towards responsible and sustainable further development, we have set ourselves a clear goal: We want to make Schott a climate-neutral company.

“During this fiscal year, we will set the course for this and consistently take the appropriate measures.”