The combined business will be the largest player in the Indian flexible packaging market with over 20 percent market share.<\/p>\n\n\n\n
The combined business will be the largest player in the Indian flexible packaging market with over 20 percent market share.<\/strong><\/em><\/p>\n\n\n\n Siegwerk<\/strong>, a global leader in printing inks and coatings for packaging applications, today announced the signing of a definite agreement for the acquisition of\u00a0Hi-Tech Inks<\/strong>, a prominent Indian producer of flexographic and gravure printing inks. The move will significantly strengthen Siegwerk\u2019s position in the fast-growing Indian flexible packaging market, making the combined business the largest player in the country with over 20 percent market share.<\/p>\n\n\n\n The acquisition underscores Siegwerk\u2019s long-term commitment to India and the broader Asia region, one of the company\u2019s most important strategic growth markets. By bringing together complementary strengths, expanded production capabilities, and a wider product offering, Siegwerk is set to deliver greater value, innovation, and supply reliability to packaging converters and brand owners across the country.<\/p>\n\n\n\n Hi-Tech Inks will add a robust portfolio of solvent- and water-based inks, metallic and special-effect inks, varnishes, and over print varnishes (OPVs) to Siegwerk\u2019s global portfolio. The integration will enhance Siegwerk\u2019s manufacturing footprint in India with dual sites in Bhiwadi, Rajasthan and Vapi, Gujarat \u2013 improving capacity and operational resilience. The combined organization will employ approximately 1700 people across India, further boosting Siegwerk\u2019s ability to serve converters and brand owners with more robust capability and responsiveness.<\/p>\n\n\n\n \u201cHi-Tech Inks has built an impressive legacy of quality, agility, and customer focus, and we are delighted to welcome them into the Siegwerk family,\u201d said Ashish Pradhan, President of Siegwerk Asia<\/strong>. \u201cThis acquisition will strengthen our position in India\u2019s flexible packaging market and will expand our ability to serve customers with greater scale, capability, and innovation. Together, we will be well-placed to shape the next phase of growth for the industry.\u201d<\/p>\n\n\n\n \u201cSiegwerk\u2019s commitment to quality, sustainability, and customer focus aligns perfectly with the values that we have always stood for\u201d said Karan Mahajan, Managing Director, Hi-Tech Inks<\/strong>. Joining the Siegwerk family represents a significant milestone for Hi-Tech Inks. By combining our strengths, we are creating new opportunities to grow, innovate, and deliver even greater value to customers across India\u2019s flexible packaging industry.\u201d<\/p>\n\n\n\n Completion of the transaction is expected in the coming weeks, subject to customary closing conditions. As Siegwerk\u2019s largest acquisition since its purchase of SICPA\u2019s packaging inks business in 2005, the addition of Hi-Tech Inks will mark a major milestone in the company\u2019s growth journey. It reinforces Siegwerk\u2019s long-term commitment to India\u2019s packaging industry and its ambition to support the market with advanced technologies, reliable supply, and future-ready solutions.<\/p>\n\n\n\n Together, Siegwerk and Hi-Tech Inks unite their expertise, capabilities, and shared values to lead the next phase of India\u2019s printing inks and coatings industry \u2013 driving future innovation, growth, and sustainable value creation.<\/p>\n","protected":false},"excerpt":{"rendered":" The combined business will be the largest player in the Indian flexible packaging market with over 20 percent market share. The combined business will be the largest player in the Indian flexible packaging market with over 20 percent market share. Siegwerk, a global leader in printing inks and coatings for packaging applications, today announced the<\/p>\n","protected":false},"author":1,"featured_media":21853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,64,69],"tags":[421,51],"class_list":{"0":"post-21852","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-india-south-asia","8":"category-latest-news","9":"category-print-labelling","10":"tag-siegwerk","11":"tag-top-news"},"_links":{"self":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/21852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/comments?post=21852"}],"version-history":[{"count":1,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/21852\/revisions"}],"predecessor-version":[{"id":21854,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/21852\/revisions\/21854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media\/21853"}],"wp:attachment":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media?parent=21852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/categories?post=21852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/tags?post=21852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}