Put companies on watchlist
Gerresheimer AG
ISIN: DE000A0LD6E6
WKN: A0LD6E
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

Gerresheimer AG · ISIN: DE000A0LD6E6 · EQS - Company News (54 News)
Country: Germany · Primary market: Germany · EQS NID: 1273822
27 January 2022 05:04PM

The leading supplier of injection vials Gerresheimer expands production in Wertheim



DGAP-Media / 27.01.2022 / 17:04


The leading supplier of injection vials Gerresheimer expands production in Wertheim

  • Investment increases production in Wertheim by 150 million vials and creates 70 new jobs
  • Next step on the way to becoming the world's leading producer of glass vials
  • CEO Siemssen: "Consistent implementation of our growth strategy".

Düsseldorf/Wertheim, 27. January 2022. Gerresheimer is expanding its capacities for glass vials at the Wertheim site and at two further sites in China and the USA. The company is investing in production in Wertheim to increase vials capacity by 150 million vials per year and plans to create 70 new jobs for this purpose. The Federal Ministry of Economy and Climate Action supports the investment within the framework of federal funding of production equipment of borosilicate tubular glass and glass vials for use in vaccine production.

Gerresheimer is already one of the world's largest manufacturers of the products required for vaccination campaigns, among other things. Until now, the company has primarily served the European demand for vials from its plants in Boleslawiec (Poland) and Chalon (France). The investment will make the Wertheim plant one of the leading vial production sites in Europe.

Dietmar Siemssen, CEO of Gerresheimer AG, emphasizes the importance of the production expansion: "We already produce almost a third of the world's glass vials worldwide. With the expansion of our global capacities we are consistently implementing our growth strategy. By the end of 2022, we will be the world's leading producer of glass vials and manufacture the highest-quality and most innovative products."

The German Federal Ministry for Economic Affairs and Climate Action is supporting the investment in Wertheim. By expanding its production capacity in Wertheim, Gerresheimer is making an important contribution to improving the supply of glass vials to European vaccine manufacturers, among other things. The technology used in Wertheim enables vials to be produced in GX-Elite quality. With their outstanding cosmetic and dimensional properties, vials made of this glass lead to significantly better results in the filling of vaccines by Gerresheimer's customers. They also feature increased strength compared to standard vials.

Gerresheimer has significantly increased its production capacities for vials. Compared to the level before the pandemic, they are now almost 50 percent higher. As a supplier of critical healthcare infrastructure, the company is a reliable partner for the pharma and biotech industry as well as for national and international governments. In the long term, Gerresheimer's management expects an increasing demand for drugs which have to be injected - and therefore a higher demand for vials. The global pandemic has highlighted the importance of a reliable and high-quality supply of injection solutions.

More info:
Gerresheimer glass vials/glass bottles

Contact Press
Ueli Utzinger
Group Senior Director Communication & Marketing
T +49 211 6181-250
ueli.utzinger@gerresheimer.com

Contact IR
Carolin Nadilo
Corporate Senior Director Investor Relations
T +49 211 6181-220
carolin.nadilo@gerresheimer.com

About Gerresheimer
Gerresheimer is the global partner for pharmaceutics, biotech, healthcare, and cosmetics with a very broad product range for pharmaceutical and cosmetic packaging and drug delivery devices. The company is an innovative solution provider from concept to delivery of the end product. Gerresheimer achieves its ambitious goals through a high level of innovative strength, industrial competence and concentration on quality and customer focus. In developing innovative and sustainable solutions, Gerresheimer relies on a comprehensive international network with numerous innovation and production centers in Europe, America and Asia. Gerresheimer produces close to its customers worldwide with around 10,000 employees and generates annual sales of more than €1.4 billion. With its products and solutions, Gerresheimer plays an essential role in people's health and well-being.



End of Media Release


Issuer: Gerresheimer AG
Key word(s): Enterprise

27.01.2022 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Gerresheimer AG
Klaus-Bungert-Str. 4
40468 Düsseldorf
Germany
Phone: +49-(0)211/61 81-314
Fax: +49-(0)211/61 81-121
E-mail: carolin.nadilo@gerresheimer.com
Internet: http://www.gerresheimer.com
ISIN: DE000A0LD6E6
WKN: A0LD6E
Indices: MDAX (Aktie)
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1273822

 
End of News DGAP Media

1273822  27.01.2022 

fncls.ssp?fn=show_t_gif&application_id=1273822&application_name=news&site_id=boersengefluester_html
Visual performance / price development - Gerresheimer AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.