SIG to build new production plant in Mexico

By Jim Cornall contact

- Last updated on GMT

SIG is 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 grow in North America. Pic: SIG
SIG is 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 grow in North America. Pic: SIG

Related tags: Sig, Mexico, Milk, Dairy

Swiss-headquartered packaging company SIG is set to build a new €40m ($47.9m) plant in Queretaro, Mexico, to serve North American markets.

Through its existing sales and service presence, SIG said it has been able to forge relationships with major dairies in Mexico, a large and growing milk market.

The investment will cover 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 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 €20m ($24m).    

Ricardo Rodriguez, president and general manager Americas at SIG, 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.”​                          

 

Related topics: Processing & Packaging, Emerging Markets

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