Siegwerk Gains Major Foothold in India

摘要

Siegwerk has fully acquired PIBU Ink India,which is now a 100 percent member of the Siegwerk Group.The company's new name is Siegwerk India Private Limited."This is a huge success for our Asian strategy,as the acquisition significantly strengthens our position in one of the world's biggest and most dynamically growing markets," said Siegwerk CEO Herbert Forker."With a market volume of 100,000 tons and expected annual growth rates of 12 to 15 percent,there is enormous growth potential for us here,especially in the labels,UV,and flexible packaging business."