SIG to build new liquid packaging production plant in Mexico

SIG sees growth potential in North American milk markets

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SIG plans to construct a new plant in Queretaro, Mexico to serve North American markets. The plant will further expand SIG’s global production network and will enable the company to build on its strong track record of growth in North America. Image SIG
SIG plans to construct a new plant in Queretaro, Mexico to serve North American markets. The plant will further expand SIG’s global production network and will enable the company to build on its strong track record of growth in North America. Image SIG

SIG announced in mid-April 2021 that it will construct a new plant in Queretaro, Mexico to serve North American markets. The plant will further expand SIG’s global production network and will enable the company to build on its strong track record of growth in North America.

Through its existing sales and service presence, SIG has been able to forge strong relationships with major dairies in Mexico, a large and growing milk market. In the USA, the company has a well-established co-manufacturing customer base and is ideally placed to serve innovative and expanding new categories.

SIG investing on its new plant

The company will invest around €40 million (approximately Indian Rupees 360 crore) in the new plant over the period 2021-2023. The investment will cover state-of-the-art production capacity for the printing, cutting, and finishing of carton packs. The plant is expected to open in the first quarter of 2023 and will create around 200 jobs. It will have a highly flexible layout with a focus on ergonomics and the environment. Land and buildings will be financed through a long-term lease with an NPV of approximately €20 million.

Ricardo Rodriguez, president & general manager of SIG Americas, said, “We are very excited to announce this project which will enable us to serve our North American customers faster and more efficiently. Delivery lead times will be reduced and we will be able to respond rapidly to changes in demand. Our new plant will further drive growth in the region while demonstrating our commitment to the highest environmental standards.”

 

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

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As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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