Siegwerk announces another expansion in India

The new center in Tauru, a facility spread across 36,000sqft, will position Siegwerk for further growth in the northern market. The company builds on experience, innovative technology and the adoption of global best practices in ink manufacturing.  

 

The warehouse and color matching facility is strategically located on the KMP expressway, which will ensure faster deliveries to address north zone customers and also supports pan India customers through inter-region deliveries.   

 

With an investment of 40 million INR (52,1451 USD), the facility boasts a warehousing capacity of 1,000 tons and color matching for the north zone customers. This new matching center is equipped with a modern quality control lab in line with global standards. The facility was inaugurated by Ashish Pradhan, president, Siegwerk Asia. Within the first three months of 2022 alone, Siegwerk Group has invested close to 250 million INR (3.2 million USD) into its Indian operations.   

 

Ramakrishna Karanth, CEO, Siegwerk India said; ‘This expansion is in line with our strategic growth plan to sustainably expand our footprint in India. This newly expanded capacity is a welcome indicator of the company’s growing demand since the launch of our 100 percent safe inks. The expansion presents an ideal situation allowing us to further drive value through the industry’s supply chain. According to reports, the global packaging ink market size is forecast to reach 12.91 billion USD by 2025, with APAC dominating the market. Considering the population and consumer demand facets, we are betting high on the Indian market and these investments are in line with our commitment to India.’   

 

The new color matching center is designed to operate with all safety requirements including a hydrant system, a smoke detection system and a water sprinkler system. The facility also boasts a CCTV surveillance system, which adds 24x7 hour security to the premises. The center has space to expand in the future as the business requires, with the installation of additional equipment.