SIG, a leading systems and solutions provider for aseptic carton packaging, is looking to enhance its operations in India, considering strategic investment in a new packaging plant. The Global CEO of the SIG Group, Samuel Sigrist, will be visiting India between 13-15 April, accompanied by a high-profile team including newly appointed President and GM Asia Pacific South, Angela Lu, and Samuel Dambreville, Director Cluster Asia Pacific South. This is Samuel 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.
SIG is on a strong growth track and earlier this year announced annual results for the year 2021, showing core revenue of € 2.05 billion with 6.6% like-for-like growth at constant currency. The company is also strategically investing in broadening its packaging portfolio with the planned acquisition of Scholle IPN, which increases SIG’s capabilities to include bag-in-box and spouted pouch solutions.
SIG entered the Indian market four years ago and presently India is one of the fastest growing markets in the SIG world. SIG India’s journey started with two iconic customers, ITC and Coca Cola India, as it set up its local headquarters in Gurgaon in November 2017. Its exponential growth journey in the country has seen the aseptic packaging major gain entry into most leading dairy and juice brands in India, including Coca-Cola, Amul, Dabur, Varun Beverages (PepsiCo bottler), ITC, 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.
Samuel Sigrist, Global CEO of the SIG Group, states; “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 construction time for a new SIG packaging plant is 12 to 18 months.”
SIG’s USP has been its unique technology that allows the company to offer unmatched volume flexibility along with high speed, across its machine platforms. This lets brands change volume sizes and maintain key price points – crucial in a dynamic market like India. SIG’s packaging technology can also be used to fill beverages with fruit chunks, cereals like oats, juicy pearls and more, giving brands the opportunity to create innovative, differentiated, premium product offerings, tailor-made for Indian consumers.
SIG is also developing India-centric solutions to address the needs of smaller dairies and juice brands. The recently launched CFA 1212 filling machine brings the same volume flexibility offered by its high-speed portion pack filler, now at a slower speed of 12,000 packs per hour. With this, SIG enables mid-sized brands to have smaller capacities, as per their requirements, at a more affordable price.
SIG on Sustainability
For SIG India, sustainability has meant close engagement with industry groups like the Action Alliance for Recycling of Beverage Cartons (AARC) and with Government bodies, to increase the collection and recycling rates of used beverage cartons. SIG India also currently offers its customers paper straw solutions as an alternative to SUP and is committed to work with the industry to help optimise the cost of these solutions, and in future, develop local options for customers.SIG India’s growing customer base and wide range of packaging SKUs bear ample testimony to the success it has seen so far in this market. As such, for SIG India, this is just the start – the commitment to India is clear, and the company is now focused on delivering on its plan for growth.
SIG (FSCTM trademark licence code: FSCTM C020428) is a leading systems and solutions provider for aseptic carton packaging. We work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable and affordable way. Our unique technology and outstanding innovation capacity enable us to provide our customers with end-to-end solutions for differentiated products, smarter factories and connected packs, all to address the ever-changing needs of consumers. Sustainability is integral to our business and we are going Way Beyond Good to create a net positive food packaging system.
Founded in 1853, SIG is headquartered in Neuhausen, Switzerland. The skills and experience of our approximately 5,900 employees worldwide enable us to respond quickly and effectively to the needs of our customers in around 70 countries. In 2021, SIG produced 42 billion carton packs and generated over €2.0 billion in revenue. SIG has an AA ESG rating by MSCI, a 13.4 ESG Risk Rating (low risk) score from Sustainalytics and a Platinum CSR rating by EcoVadis. For more information, visit www.sig.biz
For insights into trends that drive the food and beverage industry and inspire us to innovate, visit our SIGnals blog: https://www.sig.biz/signals/en
Packaging 360 is a comprehensive knowledge sharing ecosystem for the Indian packaging industry. Our services include an online content platform to deliver news, insights and case studies; organising conferences seminars and customised training; Providing Bespoke Project Consulting, Market Research and Intelligence.