Press Release

SIG’s new Indian plant will be supporting India’s “Make in India” vision and is expected to create hundreds of jobs

Ahmedabad, September 27, 2023

SIG, a world-leading packaging solutions provider, is partnering with Horizon Industrial Parks to set up its first aseptic carton plant in India.

Horizon Industrial Parks will develop a build-to-suit facility to support SIG’s manufacturing of aseptic carton packs for beverages and food. Of the 900,000 square feet of production space currently under construction, 800,000 square feet will be dedicated to SIG. The facility will be built to the highest standards of safety and hygiene.

Samuel Sigrist, CEO at SIG: “We are pleased to establish our first aseptic carton plant in India and to support the government’s “Make in India” initiative. By building this plant, we are reaffirming our commitment to this thriving market, where we’ve seen tremendous demand for our high-quality products and services.”

Urvish Rambhia, a Principal at Blackstone Real Estate, based in Mumbai, said: “We’re grateful for the trust that SIG has placed in Horizon Industrial Parks in bringing their vision to life. We’re focused on creating a customized facility that helps SIG serve its customers with the best quality material. This partnership is an important step towards supporting the government’s mission of building high-quality manufacturing infrastructure and job creation.”

Preliminary construction started in September 2023. The facility will be fully functional by 2025. The plant is expected to reach a production capacity of up to 4 billion packs per year and to create hundreds of jobs for the local communities.

About SIG:

SIG is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, 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 technology and outstanding innovation capabilities 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 strive to create a net positive food packaging system.

Founded in 1853, SIG is headquartered in Neuhausen, Switzerland, and is listed on the SIX Swiss Exchange. The skills and experience of our approximately 9,000 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 100 countries. In 2022, SIG produced 49 billion packs and generated €3.1 billion in pro forma revenue (incl. unaudited revenue from recent acquisitions). SIG has an AA ESG rating by MSCI, a 13.4 (low risk) score by Sustainalytics, a Platinum CSR rating by EcoVadis, and is included in the FTSE4Good Index. For more information, visit our website: www.sig.biz

About Horizon Industrial Parks:  

Horizon Industrial Parks is a logistics platform in India, owned and managed by Blackstone Real Estate funds. The current portfolio comprises 17 industrial and logistics parks spread across more than 1,000 acres and with a development potential of 25 million square feet, which are in eight key markets in India.