Gerresheimer has invested €50.1 million in furnace expansions at two of its production facilities.
The group has invested the €50.1 million in six months (December 2020 and May 2021) into its Primary Packaging Glass division, which were related to the investments at its Kosamba, India and Lohr, and German facilities.
Gerresheimer has also invested in its production capacity for injection vials and plans to expand its production in its plants in North America and Europe.
In half year, the financial results of the company reported revenue increase of 3.6% to €320.1 million in its glass division.
It reported that the demand of its cosmetics business recovered in the second quarter of the financial year of 2021 and was higher overall- year on year. The company did experience a sharp drop as a result of the Covid-19 pandemic.
It also reported ‘significant revenue increases for high-value solutions in particular, such as Elite Glass products’.
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