SIG on eyeing India's rapid growing aluminium packaging market, mulling to invest in a new plant

SIG a leading aseptic carton packaging solutions provider from Switzerland revealed its intention to invest in a new plant in India.

This move is brewing high hopes in the company since it has come under observation that India is one of the fastest growing markets for the packaging industry. But the positivity was not backed by any actual details about the investment.

"After opening our second plant in China and starting construction of a plant in Mexico for the North American market, India is our first priority for the next investment in a new packaging plant. The decision-making process is still ongoing, but we are very confident that we will be able to start building a plant in India in the near future," exclaimed Samuel Sigrist, Global CEO of SIG Group.

The construction period would range from 12 to 18 months in India as estimated by him.

Newly appointed president and GM, Asia Pacific South, Angela Lu and Director Cluster Asia Pacific South, Samuel Dambreville will be visiting India next week along with Sigrist who seems very confident with his prodigal team.

Aseptic cartons are multi-layered packaging solutions for the fast growing economy where sustainability is the key for survival. They are essentially made of layers of paperboard, plastic and aluminium making the packing of liquid, food and drinks very easy. Companies such as Tetra and UFlex even supply solutions for space.

SIG, a 2.05 billion euro company was introduced to the Indian Soil four years back.

"This is Sigrist's first trip to India as Global CEO, and the aim of this visit is to meet customers and industry experts to further understand and discuss the future of the Indian market," the company said.

Eventually after opening their office in Gurugram on November 2017, the company negotiated business terms with two epic customers- ITC and Coca Cola India, thus never having looked back.

Now SIG’s customer base has expanded to a number of leading dairy and juice brands, including Amul, Dabur, Varun Beverages (PepsiCo bottler), Haldirams, Milky Mist and Godrej Creamline.

"Today, with a base of 17 high-speed filling machines across the country and a full-fledged experienced local team, SIG is looking to further accelerate its growth trajectory in India," it added.

SIG is soon going to unveil some India-centric solutions to cater to the needs of smaller or indigenous diaries and juice brands here.