Ground breaking of SGD Corning unit…

[Peruthopaniemundhi]

KTR breaks ground for SGD Corning unit in Mahabubnagar

The project of Rs 500 crore is slated to play a crucial role in increasing the primary packaging capabilities of the pharma industry

The project of Rs 500 crore is slated to play a crucial role in increasing the primary packaging capabilities of the pharma industry Corning Incorporated and SGD Pharma announced a joint venture, "SGD Corning Technologies Private Limited" that allows SGD to adopt Corning’s Velocity Vial technology platform and helps expand pharmaceutical packaging manufacturing in India. Together, the two companies will help drugmakers respond to increasingly complex capacity and quality issues while meeting global demand for critical medicines.

KT Rama Rao said: ”I am delighted that Corning, a global leader in glass innovation, and SGD Pharma, a global leader in glass packaging have selected Telangana to build their world-class facility. The project of approximately INR 500 crores is slated to play a crucial role in increasing the primary packaging capabilities of the industry to support increased vaccine and critical drug production from Telangana. SGD-Corning partnership is a welcome step forward as we move toward growing our ecosystem to achieve India’s goal of a $250 billion ecosystem by 2030”.

“The partnership with Corning represents yet another step in SGD Pharma’s ongoing evolution of our offerings and services and will expand our portfolio of high-quality tubular glass packaging,” said SGD CEO Olivier Rousseau. “We see an opportunity for the industry to improve drug filling quality and performance capabilities by transitioning to Corning’s coated vial technology.”

SGD joins a growing network of leading primary-packaging manufacturers adopting Corning’s cutting- edge coating technology. The joint venture expands Velocity Vials’ manufacturing footprint, localizes its supply chains in India, and enables easier adoption of the technology by customers.

“Corning is advancing pharmaceutical glass technology to help our customers address their most pressing challenges – globally and locally,” said Ron Verkleeren, senior vice president and general manager of Corning’s Life Sciences Market Access Platform. “The joint venture with SGD Pharma supports our continued global expansion as we localize manufacturing for our customers. The collaboration also strengthens our leadership position in the industry and underscores our commitment to India’s high-growth market.”

Manufacturing of Velocity Vials at SGD’s facility in Vemula, India, is expected to begin in the first quarter of 2024. Pharmaceutical tubing production is expected to begin in 2025.

Corning (www.corning.com) is one of the world's leading innovators in materials science, with a 170-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.

 

[Pahelwan2]

Aina kuda some pundakor Lafuts crying no development ani