SIG Combibloc has signed an agreement to take full ownership of its Middle East & Africa joint venture SIG Combibloc Obeikan by acquiring the 50% shareholding of its partner Obeikan Investment Group (OIG) in the two JV companies.
The Middle East’s growing younger population is driving consumption of packaged food and beverage products, with firms turning to new packaging innovations to entice this lucrative market.
Investments in Iran should start to prove easier in the future, according to SIG Combibloc as it partners with Zarin Jam Marina to launch 21 varieties of its SunStar beverage in combidome cartons, across the Middle East/Africa (MEA) region.