Gerresheimer AG, Germany, recently acquired 75 per cent stake in the Delhi-based Triveni Polymers, a leading producer of pharmaceutical plastic packaging.
Gerresheimer makes specialty products, made of glass and plastic for the global pharma and healthcare industries. The company’s global expertise combined with the local manufacturing capabilities of Triveni would speed up its growth in emerging countries.
“Triveni’s special product portfolio ideally complements Gerresheimer’s plastic packaging range and will enable us to better support our customers in the business,” said Subodh Gupta, Managing Director, Triveni Polymers.
Gerresheimer has five plants in South America, six in China and now two plants in India. The German manufacturer aims to double its revenues in the emerging markets from EUR 100 million in 2010 to EUR 200 million in 2013.