Liquid carton giant SIG Combibloc has kicked off production at its first facility in Brazil and revealed plans to expand its capacity in the country to 2bn packs per year.
The construction of the plant, which took a year, is part of the Rank Group-owned business’s globalisation plans as it looks to cash in on growing markets in the BRIC economies.
The €90m facility, in the southern state of Parana which borders Paraguay, will initially produce around 1bn packs per year.
SIG Combibloc Group chief executive Rolf Stangl said: “Thanks to significant growth, in a further stage of expansion, within two years we will be doubling the capacity to two billion carton packs.”
In 2010, Brazil’s consumption of products in aseptic cartons was around 8bn litres, around three quarters of the total volume in South America.
As one of the world’s booming economies, with 7.3% GDP growth in 2010, Brazil has been the target for much investment in its packaging infrastructure in recent times.
Companies such as MeadwestVaco, Rexam and O-I have all recently announced investments in the country.