SIG Group AG
SIG Combibloc Group AG: SIG to build new production plant in Mexico to realise further growth potential in North America
SIG Combibloc Group AG / Key word(s): Expansion MEDIA RELEASE 15 April 2021
SIG today announced 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, SIG has a well established co-manufacturing customer base and is ideally placed to serve innovative and expanding new categories. SIG will invest around €40 million 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. Investor contact: Jennifer Gough +41 52 543 1229 Media contact: Lemongrass Communications About SIG Founded in 1853, SIG is headquartered in Neuhausen, Switzerland. The skills and experience of our approximately 5,500 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 60 countries. In 2020, SIG produced 38 billion carton packs and generated €1.8 billion in revenue. SIG has an AA ESG rating by MSCI, an 18.8 (low risk) score by Sustainalytics and a Platinum CSR rating by EcoVadis. For more information, visit www.sig.biz. Additional features: File: SIG to build new production plant in Mexico 20210415 End of ad hoc announcement |
Language: | English |
Company: | SIG Combibloc Group AG |
Laufengasse 18 | |
8212 Neuhausen am Rheinfall | |
Switzerland | |
Phone: | +41 52 674 61 11 |
Fax: | +41 52 674 65 56 |
E-mail: | info@sig.biz |
Internet: | www.sig.biz |
ISIN: | CH0435377954 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1184908 |
End of Announcement | EQS Group News Service |