Ground breaking ceremony held for SGD Corning Technologies Pvt Ltd in Mahabubnagar
Hyderabad: Corning Incorporated and SGD Pharma on Thursday 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 drug makers respond to increasingly complex capacity and quality issues while meeting global demand for critical medicines.
Combining SGD’s vial-converting expertise with Corning’s proprietary glass-coating technology, the collaboration will enhance vial quality, improve filling-line productivity, and speed the global delivery of injectable treatments. SGD and Corning organized the groundbreaking ceremony today by minister KT Rama Rao for this new pharmaceutical-glass-tubing facility in Telangana, India.
Minister K.T. Rama Rao said that, "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 Rs 500 crore 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 $250B 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.
