March 24, 2023

SIG to construct aseptic carton plant
in India

SIG will construct its first aseptic carton plant in India, the world’s largest milk market, and one of
the largest juice producing countries globally. The plant will be in Ahmedabad, in the state of
Gujarat. SIG entered the Indian market in 2018 and has seen a rapid expansion of its business.
The plant will supply its growing filler base, which now serves all leading dairy and non-carbonated
soft drink players.
The investment will cover state-of-the art production capacity, for the printing and finishing of
aseptic carton packs with high environmental standards. Construction will commence in Q1 2023,
and the start of the commercial production is expected towards the end of 2024. Phase one of
construction is expected to create around 300 jobs.
SIG will invest approximately €60 million over the period 2023-2025, to reach production capacity
of up to 4 billion packs per annum. Subsequent investments could increase capacity up to 10billion packs per annum. Land and buildings will be financed through a long-term lease with an
NPV of approximately €30 million.
Angela Lu, President & General Manager Asia-Pacific South at SIG, said:
“India is fast becoming the world’s most populous country and has a very
low per capita consumption of entry level packaged food and beverage
goods. Since entering the market five years ago we have grown
exponentially. We are looking forward to further expanding our presence
and driving our market share. An established local infrastructure, will allow
us to fast-track innovations and build strong and long-lasting partnerships
with our customers.”

Vandana Tandan, Head of Markets for India and Bangladesh at SIG, said:
“We are thrilled to announce that soon we will have locally produced
Made in India aseptic carton packs. With this plant we will be able to
further develop the range of products available to Indian consumers. Our
long shelf-life packaging increases access to vital nutrition and avoids
food waste through an array of sizes to suit all consumption occasions at
affordable price points.”

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