Clariant, one of the leaders in specialty chemicals, plans to invest about Rs.65 crore in a new healthcare packaging manufacturing plant in Cuddalore in Tamil Nadu, located about 25 km from the city of Puducherry. The plant will manufacture Clariant’s moisture control products to support the growing pharmaceutical packaging market in India.
“India is the largest provider of generic drugs globally making it a key market for Clariant’s desiccant products. We want to ensure that we serve our customers here as efficiently as possible. When the plant is complete, the company will have the ability to procure Clariant’s global standard products directly produced in India,” says Ketan Premani, head of Clariant Healthcare Pack-aging Sales in India.
Clariant Healthcare Packaging, a member of Business Unit Masterbatches, manufactures a full range of con-trolled atmosphere packaging solutions including pharmaceutical desiccants, equilibrium sorbents, adsorbent polymers, oxygen scavengers and pharmaceutical closures and containers.The new plant in Cuddalore will initially produce desiccant canisters and packets, which are inserted into pharmaceutical packaging to control moisture and protect the stability of the medicine during shelf-life. The desiccant production area will be Clean Room Class 100,000and certified ISO 8. It will be compliant with all relevant cGMP and US FDA standards.
The new plant will primarily serve globally active generic and branded pharmaceutical companies operating in India, as well as the domestic Indian pharmaceutical market. According to Markets and Markets, a major global market research firm, India’s pharmaceutical packaging market is projected to grow at a CAGR of 10.2% from 2015 to2020. India Ratings & Research, another research company with six offices across India, recently reported that Indian drug makers accounted for 40% ofUS generic drug imports. It forecasts a20% CAGR for the overall pharmaceutical market through 2020.
The new healthcare packaging plantin Cuddalore – together with its plant in Changshu, China and the recent acquisition of healthcare packaging specialist VitaPac, located in Dongguan, China– positions Clariant to play a major role in the expanding healthcare sector across Asia. Creating another base for desiccant canister and packet production also supports Clariant’s rigorous business-continuity goals.