Siegwerk acquires remaining half of PIBU Ink India, renames company Siegwerk India Private Limited

摘要

INKS manufacturer Siegwerk has acquired full ownership of Indian ink joint venture PIBU Ink India and renamed it Siegwerk India Private. "This is a huge success for our Asian strategy, [and will] significantly strengthen our position in one of the world's biggest and most dynamically growing markets," said the company's chief executive Herbert Forker. "With a market volume of 100,000 tons and expected annual growth rates of 12 to 15%, mere is enormous growth potential for us here, especially in the labels, UV, and flexible packaging business."