SIG to Invest €100 million (INR 880 crores) for Aseptic Carton Plant in India

Specifications:

Name:

SIG to Invest €100 million (INR 880 crores) for Aseptic Carton Plant in India

Location:

Ahmedabad, Gujarat

Company:

SIG

Estimated Cost:

€100 million (INR 880 crores)

Source:

https://www.sig.biz/in

Introduction:

SIG, a world-leading packaging solutions provider, laid the foundation of its first aseptic carton plant in India. Expanding its presence in the country, the company plans to invest approximately INR 880 crores in phases, for the facility being constructed in Ahmedabad, Gujarat.

Features:

The investment will be made in a phased manner over the period of 2023-2025 to reach a production capacity of up to 4 billion packs per annum. Subsequent investments are expected to increase capacity up to 10 billion packs per annum.

SIG’s investment of about €100 million (INR 880 crores) encompasses state-of-the-art production technology for printing and finishing aseptic carton packs. All the packages will be made adhering to stringent environmental, quality, and safety standards to meet the diverse needs of food and beverage producers and consumers.

Land and buildings for the new facility will be financed through a long-term lease with a Net Present Value (NPV) of approximately €30 million (INR 263 crores). Meanwhile, commercial production is anticipated to commence by the end of 2024. The first phase of the construction is projected to generate around 300 jobs.