Construction work is already under way, and the first carton packs manufactured locally in South America by SIG Combibloc will come off the production line in 2011.
This major project involves a total investment of €90m, and several development stages are planned. Once the first stage is completed, production will begin with an annual capacity of one billion carton packs. This can be doubled to two billion packs annually over a short period of time.
“Brazil offers an outstanding environment from an overall economic perspective,” said Rolf Stangl, CEO of SIG Combibloc Group. “Its GDP is enjoying significant growth – an increase of 5.5% is expected for 2010. In international terms, it’s one of the biggest economic growth markets. Its need for long-life packed food is growing. After China, Brazil has the highest consumption of products in aseptic carton packs: about 10bn units per year.”
Read the full company press release at this link.
Source: SIG Combibloc
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