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SIG's board approved a further EUR 50 million for a local extrusion line in India, expected to be operational by 2027.
SIG opened its first aseptic carton plant in India, a EUR 90 million facility in Ahmedabad, Gujarat, built in 20 months with initial capacity of up to 4 billion packs a year and more than 300 jobs.
SIG plans a two-phase expansion of its Querétaro plant to double capacity from 1.5 to 3 billion packages per year by 2028. The project is expected to create about 40 direct jobs and relocate some production from Europe.
SIG announced a €6.7 million investment to expand its Vinhedo, São Paulo production site, including new machinery, with the work planned for 2025.
SIG Combibloc's board has approved installing an extrusion line at its Ahmedabad, India site at a cost of around EUR 50 million, scheduled to come online in 2027.
Swiss packaging maker SIG Combibloc opened a new aseptic carton packaging plant in Ahmedabad, Gujarat, India, with an initial capacity of 4 million packs a year and over 300 planned jobs. The investment was EUR 90 million.
SIG Combibloc built an aseptic carton packaging plant in Queretaro, Mexico, with a €73 million investment, creating more than 200 jobs; operations began in April 2023.
SIG announced an €8.4 million investment in the fifth expansion of its carton packaging plant in Campo Largo, Paraná, Brazil, raising its production capacity. The plant serves Brazil and South American countries.
La Doria has added a third SIG Safe 12 Food Retort filling line at its Sarno plant in Italy to fill canned food products in SIG SafeBloc carton packs. The article gives no investment amount.
SIG Combibloc inaugurated its first Mexican plant in the Aerotech industrial park in Querétaro, built with a €73 million investment. The plant will initially produce up to 500 million containers per year and create 200 jobs, rising to 1,200 million containers by 2024.
SIG will build its first aseptic carton plant in India in Ahmedabad, Gujarat, with about EUR 60 million invested over 2023-2025. The plant is designed for up to 4 billion packs per year and is expected to create around 300 jobs in phase one.
SIG will secure physical power purchase agreements with energy supplier Enovos to power 100% of its German carton packaging production with renewable electricity from January 2023.
Swiss packaging company SIG Combibloc is acquiring privately held U.S. packaging maker Scholle IPN for an enterprise value of EUR 1.36 billion ($1.53 billion) to strengthen its sustainable packaging position. The deal is to be financed with shares and cash.
SIG completed the acquisition of the remaining 50% of its Middle East and Africa joint venture, SIG Combibloc Obeikan, from Obeikan Investment Group. The business is fully consolidated from end-February 2021.
SIG Combibloc Group has signed an agreement to acquire the 50% stake held by Obeikan Investment Group in SIG Combibloc Obeikan, giving it full ownership. The joint venture operates a manufacturing plant in Riyadh, Saudi Arabia, and completion is subject to antitrust approvals.
SIG Combibloc agreed to acquire Visy Cartons Pty Ltd from Pratt Consolidated Holdings' VisyPak unit for AU$70 million, subject to customary conditions. Visy Cartons produces SIG aseptic cartons under licence in Australia and New Zealand.
According to Reuters sources, SIG Combibloc is preparing an autumn 2018 stock market listing in Zurich that could value it at about 4.5 billion euros, with Onex having hired Goldman Sachs, Credit Suisse and Bank of America as global coordinators.
Reynolds Group agreed to sell its SIG Combibloc carton packaging business to Onex Corporation for up to €3.75 billion, with €3.575 billion payable at closing and up to €175 million based on 2015 and 2016 performance. The deal was expected to close in the first quarter of 2015.
