Siegwerk, a provider of printing inks and coatings for packaging applications and labels, recently announced a joint venture with Rotopack, a supplier in the printing and packaging industry in Pakistan. The jointly founded new company Siegwerk Pakistan Ltd. will start its business in Q2 of 2022.
The joint venture contract was officially signed on Oct. 13 in Karachi, where the new company will be located to serve customers across the country. “As the fifth-most populated country in the world, Pakistan is a strategically important market for us,” explains Dirk Weissenfeldt, vice president, Business Unit Flexible Packaging, EMEA, at Siegwerk. “The joint venture partnership with Rotopack allows us to not only significantly strengthen our footprint in South Asia but also to benefit from Rotopack’s domestic market know-how and network.”
Construction on the joint venture in Karachi is currently underway, and it is expected that Siegwerk Pakistan Ltd. can start operations in April 2022. The production will focus on inks and coatings for flexible packaging applications first. Going forward, the production will also be expanded to other packaging segments, including water-based and UV products. The partners are currently assembling a team of local experts and specialists to be trained by Siegwerk experts in Turkey and Germany over the next few weeks.
The post Siegwerk and Rotopack Form Joint Venture in Pakistan appeared first on American Coatings Association.
from American Coatings Association https://www.paint.org/siegwerk-and-rotopack-form-joint-venture-in-pakistan/
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