SIG India started its domestic presence with a local office in Gurugram in November 2017. With the new plant, the company’s operations will be further enhanced as it plans to serve more dairy and FMCG brands.
April 25, 2022
Switzerland-headquartered SIG, a leading systems and solutions provider of aseptic packaging, is planning an investment in a new packaging plant in India.
The strategic investment is directed toward enhancing the company’s operations in the country. As published in news reports – India is one of the fastest-growing markets for the Swiss firm. The company had shared a statement without sharing much detail about the specifics of the investment.
About the investment, Mr. Samuel Sigrist, Global CEO of SIG Group, remarks, “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.”
The time to develop the new SIG India packaging plant will be about 12 to 18 months, Mr. Sigrist further added.
According to the statement released by the company, Sigrist will visit India next week along with a team that includes the newly-appointed president and GM, Asia Pacific South, Angela Lu, and Samuel Dambreville, Director Cluster Asia Pacific South.
“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.
SIG India established its local office in Gurugram in November 2017. Beginning its business in the country with two customers – ITC and Coca Cola India, the customer base of the packaging provider now consists of several leading FMCG 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.
Furthermore, the aseptic packaging company has also been developing India-centric solutions to expand its business, serving more packaged dairy, and juice brands.