The trade magazine for the packaging industry
SIG has been present on the Indian market since 2018 and is now starting to build a plant for aseptic carton packs in Ahmedabad, in the state of Gujarat. Commercial production is expected to start at the end of 2024.
The plant will supply all leading suppliers of dairy products and non-carbonated soft drinks, where the growing number of bottling lines of SIG is in operation. The investment includes State-of-the-art production capacities with high environmental standards for the printing and finishing of aseptic carton packs. Construction will begin in the first quarter of 2023 and commercial production is expected to start towards the end of 2024. The first construction phase will expected to create around 300 jobs.
"We are very pleased that we will soon be able to offer aseptic carton packs made in India. With the new plant, we will be able to further expand the product range for Indian consumers. Our packaging ensures long shelf life, improves access to essential food and helps prevent food waste by offering different formats for every consumption occasion at affordable prices."
Vandana Tandan, Head of Markets for India and Bangladesh at SIG
The company will invest around EUR 60 million in the period from 2023 to 2025 to create a Production capacity of up to 4 billion packs per year to be achieved. With further investment, capacity could later be increased to up to 10 billion packs per year. The land and buildings are financed via a long-term lease agreement with a capital value of around EUR 30 million.
"India is fast becoming the most populous country in the world and has a very low per capita consumption of packaged food and beverages in the entry-level segment. Since entering the market five years ago, we have seen exponential growth. We look forward to further expanding our presence and increasing our market share. The local infrastructure will enable us to drive innovation quickly and build strong and lasting partnerships with our customers."
Angela LuPresident & General Manager Asia-Pacific South at SIG
Source: SIG