The packaging industry has traditionally enjoyed a lucrative relationship with the multi-billion pound global pharmaceuticals industry. As the economic downturn begins to hit, pharmaceutical companies are also taking a blow, demonstrated by jobs cuts announced by giant Pfizer this month. But even as global recession sets in, important projects are still being funded to produce much needed packaging components across the pharmaceutical and other industries.

 

Large pharmaceutical companies, particularly those based in the US are also working to save on costs by moving to cheaper sites. In our spotlight this month, we take a close look at a project in Monterrey, Mexico, run by the Stevanato Group, the top three producer of glass tube containers for the pharmaceutical industry. The 37m production facility, dedicated to pharmaceutical glass and vial production aims to create a firm foothold for Stevanato in the pharmaceutical primary packaging market.