INDIA - German ink manufacturer Siegwerk recently celebrated its 10 years in India and used the platform to announce the retirement of Siegwerk India’s current chief executive officer Vijay Gupta. Ashish Pradhan, the current chief operating officer of the company, took charge as the new CEO from 1 May.
In 2005, the company acquired the packaging printing ink division of Swiss ink manufacturer Sicpa, known for its security ink for banknote printing and launched its Indian operations in 2007, with its plant in Bhiwadi, Rajasthan.
The family owned ink manufacturer based in Siegwerk, Germany, has a long history of 190 years spanning six generations. It started as a textile printer, before venturing into ink manufacturing in 1911. In 2000 the company had only export presence in Europe, Africa, and the US.
Herbert Forker, CEO of Siegwerk, said, “When I came onboard in 1999, we had only one subsidiary in the US. We found that export was not enough. We needed to build entities around the world. We started to do that, first in Thailand and then in the US. Then things started to happen very fast. At the same time, Siegwerk shifted its focus to being a specialist in packaging ink. Now, 90% of its business is in packaging ink.”
Currently, Siegwerk has 35 entities worldwide.
Siegwerk India today employs more than 450 people, and manufacturers 17,000 MT ink per year Bhiwadi plant, a massive rise from 5,000 tonnes when it started.
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