Perlen Packaging, the packaging division of Switzerland-based CPH Group, has announced it is establishing a production site in Shanghai to join its existing facilities in Perlen, Switzerland, Müllheim, Germany and Whippany, N.J.
CPH told EPN that the company is investing around 15 million Swiss francs ($16.6 million) in the new facility, and that it will address the Asian pharmaceutical markets from 2016 onwards.
CPH states that Perlen Packaging already generates about 20 percent of its sales in Asia, and it is planning to intensify its production and distribution activities in the market.
“Our packaging division has achieved steady growth over the last few years, and is now one of the world's top three providers of blister packs for the pharmaceuticals market,” said Peter Schildknecht, CEO of the CPH Group.
“Our existing film coating facilities will reach their capacity limits in the next few years, though, so this expansion to Asia is a logical step that will enable us to respond even more swiftly to local customer needs,” Schildknecht continued.
Christian Weber, CPH's head of corporate communications told EPN: “Perlen packaging is the first international player to build a plant for barrier films in China and sees great opportunity in serving the local market, which is estimated to grow with double digit figures in the coming years.”
Perlen Packaging reported 116.4 million Swiss francs ($129.4 million) in sales for 2013 which accounted for 24 percent of CPH Group's net sales.