Petrotahlil:Bilcare Research AG is investing €10m in expanding PETG film production capacity at its two plants in Staufen and Bötzingen in southern Germany, the company has confirmed to PNE.
Headquartered in Basel, Switzerland, Bilcare Research is a subsidiary of Indian pharmaceutical packaging research company Bilcare Ltd.
The new round of investment will go towards the expansion of Bilcare’s PETG shrink-film capacity, but will also enable the company to move into the production of PETG films for the medical device market.
“This investment will not only help us service the growth requirement of our existing shrink-film customers but also help us expand our product portfolio with PETG films for the medical device market and drive our global growth strategy forward,” said Vineet Mehrotra, CEO of Bilcare Research, in a statement 16 April.
Bilcare Research operates seven sites globally and manufactures rigid films and foils.
The company employs 1,200 people and registered annual sales of €300m last year.