Brief: SIG Group To Construct Aseptic Carton Plant In India

SIG AG

28/02/2023 06:08

Feb 28 (Reuters) - SIG GROUP AG  SIGNC.S :
    * SIG TO CONSTRUCT ASEPTIC CARTON PLANT IN INDIA
    * SIG WILL INVEST APPROXIMATELY EUR 60 MILLION OVER PERIOD
2023-2025, TO REACH PRODUCTION CAPACITY OF UP TO 4 BILLION PACKS
PER ANNUM
    * SIG WILL CONSTRUCT ITS FIRST ASEPTIC CARTON PLANT IN
INDIA,
WORLD'S LARGEST MILK MARKET, AND ONE OF LARGEST JUICE PRODUCING
COUNTRIES GLOBALLY
    * PLANT WILL BE IN AHMEDABAD, IN STATE OF GUJARAT
    * SIG GROUP AG - START OF COMMERCIAL PRODUCTION IS EXPECTED
TOWARDS END OF 2024
    * SIG GROUP AG - CONSTRUCTION WILL COMMENCE IN Q1 2023
    * PHASE ONE OF CONSTRUCTION IS EXPECTED TO CREATE AROUND 300
JOBS

Source text for Eikon:  ID:nEQ9b8ccga 
Further company coverage:  SIGNC.S 

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