On August 20, Suzhou High-tech Zone and SCHOTT Glass Technology (Suzhou) Co., Ltd. signed an investment agreement. SCHOTT Suzhou will increase its registered capital by USD 21.35 million, introduce three new projects from its headquarters, and increase the construction of its R & D center.
In 2019, SCHOTT Suzhou plans to introduce three new projects from the headquarters and further increase R & D investment. With the signing of the contract, the company will build new crystallized glass crystallization lines and flat glass automated production lines, and increase pharmaceutical packaging glass production lines. It is planned to be completed in 2020, and the output value will be doubled after reaching production. The new production line introduced by the company represents the most advanced technology at the German headquarters. It has a number of global patents, high added value and high degree of automation.
Chen Wei, general manager of SCHOTT Suzhou, said that the group attaches great importance to the development of the Chinese market. At present, the sales of the Chinese market ranks second in the world, and it is expected to become SCHOTT's top sales region in the future. The Group's decision to increase investment in Suzhou and set up three new production projects in Suzhou confirms the Group's confidence in the Chinese market and its trust in the high-quality business environment of Suzhou High-tech Zone.
Founded in 1884, the German SCHOTT Group is Europe's largest provider of special glass manufacturing and solutions. Headquartered in Mainz, Germany, it is wholly owned by the Carl Zeiss Foundation. The group has production bases and sales offices in 34 countries around the world. Currently has about 15,500 employees. Fiscal 2018 sales were 2.08 billion euros.
SCHOTT Glass Technology (Suzhou) Co., Ltd. is the first wholly-owned enterprise invested by the Group in China. It was established in 2001 and is located at 79 Huoju Road, High-tech Zone. Mainly engaged in the research and development, production and sales of glass-ceramics, flat glass, pharmaceutical glass, etc. More than 400 employees. SCHOTT Suzhou has a research and development center, which is the only research and development center of the Group in the Asia-Pacific region. It is mainly responsible for the research and development of special glass related products, as well as the research and technical management of new materials and products.