SIG, a premier packaging solutions supplier, has experienced exponential development and is poised to become one of India’s fastest-growing aseptic packaging brands. With improved manufacturing capacity and agreements with the majority of the largest Indian beverage, juice, and dairy businesses, the brand intends to develop its business in India.
It first entered the Indian market in 2017. The company has rapidly expanded its activities and will have over 40 filling lines for aseptic carton packs in operation in India by the end of 2023.
SIG Group CEO Samuel Sigrist visited India earlier this month to inaugurate the second manufacturing plant in Palghar, which specialises in the creation of bag-in-box and spouted pouch packaging, previously marketed under the Scholle IPN and Bossar brands.
The aseptic carton adventure began in November 2017 with two renowned customers: ITC and Coca-Cola India, when the company established its local headquarters in Gurgaon. Its success in the industry may be ascribed to its excellent value offering, which offers clients innovative, aseptic packaging solutions. As a result, Amul, Parle Agro, Coca-Cola, ITC, Milky Mist, PepsiCo, KMF, Dabur, Haldiram, and Creamline Dairy are now affiliated with it. Today, it is striving to accelerate its growth trajectory in India, with a strong base of installed filling equipment across the nation and a full-fledged, experienced local workforce.
“The Switzerland-based food and beverage packaging major SIG Combibloc Group AG is betting big on India to meet its Net Zero Target by 2050,” Sigrist added. We face a major issue in feeding the world’s population, and the most effective method to do it is to eliminate food waste. Food waste may be greatly reduced with our industry-leading packaging options that provide a long shelf life and durability during transit. India’s population growth will continue to propel our market expansion, and we are thrilled to be a part of it.”
“We received positive feedback from customers, signalling a promising future for the company,” said Angela Lu, president and general manager of Asia-Pacific South, SIG. Recognising the sector’s potential for growth, India is a critical market for us. Our company’s goal is to provide a comprehensive framework for sustainable packaging solutions that are customizable, flexible, and satisfy the needs of clients and every Indian consumer.”
“It is impressive to see SIG’s operations in India expand rapidly, even amidst market fluctuations and challenges,” Vandana Tandan, SIG’s head of markets for India and Bangladesh, said. SIG has shown incredible potential, and with these assets at its foundation, the firm is prepared to continue at the forefront of the industry.”
In the current setting, the growth ambitions align with the ‘Make in India’ strategy, which promotes domestic manufacturing. In light of this, the business recently announced the establishment of its first aseptic carton facility in Ahmedabad, Gujarat. It will invest up to €60 million between 2023 and 2025. The goal is to have a production capacity of 4 billion packets per year. Furthermore, considerable additional capacity investments may be made over time, and buildings will be funded via a long-term lease with an NPV of around €30 million.