Schott plans to focus on four fields of action as part of its new group strategy.
The German-headquartered glass manufacturer said one of its focuses would be to leverage the potential of speciality glass, which it said offers virtually infinite application potential for a wide variety of markets.
Its Chairman Dr. Frank Heinricht highlighted the new Schott Strategy at a presentation at the group’s headquarters in Mainz.
“We will concentrate on four fields of action: We intend to enter into neighbouring business fields and significantly expand our involvement in our two focus markets, the USA and China.
“At the same time, we will focus on the current challenges of climate protection, diversity and digitalisation and want to actively convert these into an advantage for us.”
The group invested €1 billion during its previous group strategy period between 2014 and 2020.
It said this preparatory work was particularly effective in the current economically fragile situation: Thanks to its broad portfolio, the company has good stability despite Covid-19, it said.