India's largest pharmaceutical packaging company, Bilcare, is planning to open a subsidiary in Germany, shortly after announcing a major acquisition in the US, in a move that underlines its international ambitions.
Bilcare, which specialises in film packaging for the pharmaceutical industry, has founded Bilcare GmbH in Frankfurt, its first operation in Europe. Up to now, the company, which also views itself as a service provider for drug development and offers auditing for the corresponding packaging processes, has been active in its home market, but this year opened facilities in Singapore and Sao Paulo in Brazil.
In the summer, Bilcare boosted its presence in the US with the acquisition of ProClinical, a Pennsylvania-based pharmaceutical services and packaging company.
Bilcare says it is the only company in India focused on providing packaging solutions solely for the pharmaceutical industry, offering solutions using polymers/plastics, paper and aluminum. It has shown rapid sales growth over the last few years, with revenues swelling from 321 million rupees (€6m) in 2000 to 1.03 billion rupees in 2004.
Now, the company is firmly focused on developing its overseas business and exopanding exports well above the current level of around 5 per cent of turnover, with the stated aim of becoming a global leader in pharmaceutical packaging by 2010.
The company's business model - already successfully applied in India and now rolling out overseas - is to provide not just pharmaceutical packaging materials to its clients but an integrated service including advice on the right packaging material and importing, processing and printing the material for the client.