27. Group entities

Overview of Group entities

The following table provides an overview of all the Group’s subsidiaries and joint venture. The ownership interests are the same as of December 31, 2025 and December 31, 2024, unless specifically stated. The ownership and voting interests are the same for all Group entities. The Group owns 100% of the shares and the reporting date of the entities is December 31, unless specifically stated. The joint venture does not have any subsidiaries.

Download

As of December 31, 2025

Companies and countries

Share capital¹

Interest

Parent company

Switzerland

SIG Group AG, Neuhausen am Rheinfall²

3,822,709

CHF

100%

Subsidiaries

Algeria

EURL SIG Combibloc Algeria, Algiers

1,500,000

DZD

100%

Argentina

Combibloc S.R.L., Buenos Aires³

6,765,005,520

ARS

100%

Australia

Scholle IPN Pty Ltd., Edinburgh North

AUD

100%

SIG Australia Holding Pty Ltd., Canberra

32,100,000

AUD

100%

SIG Combibloc Australia Pty Ltd., Broadmeadows Moonee Ponds

40,000,001

AUD

100%

Austria

SIG Austria GmbH, Saalfelden⁴^,⁵

1,000,000

EUR

100%

SIG Combibloc GmbH, Saalfelden

35,000

EUR

100%

SIG Combibloc GmbH & Co. KG, Saalfelden⁴

–

Bangladesh

SIG Combibloc Bangladesh Ltd., Dhaka

50,000,000

BDT

100%

Brazil

Scholle Ltda., Vinhedo

86,258,020

BRL

100%

SIG Beverages Brasil Ltda., São Paulo

109,327,434

BRL

100%

SIG Combibloc do Brasil Ltda., São Paulo

722,386,462

BRL

100%

Canada

Scholle IPN Canada Ltd., Toronto

1,000

CAD

100%

Chile

Scholle IPN SpA, Santiago

9,006,501,235

CLP

100%

SIG Combibloc Chile SpA, Santiago

5,016,722,134

CLP

100%

China

Scholle IPN Packaging (Suzhou) Co. Ltd., Suzhou

15,400,000

USD

100%

SIG Combibloc (Suzhou) Co. Ltd., Suzhou

283,000,000

USD

100%

SIG Combibloc (Suzhou) Technology Co. Ltd., Suzhou

3,800,000

USD

100%

SIG Packaging (Shanghai) Co., Ltd., Shanghai

98,374,102

CNY

100%

Czechia

SIG Combibloc s.r.o., Hradec Králové

200,000

CZK

100%

Egypt

SIG Combibloc Egypt LLC, Cairo

10,000

EGP

100%

France

SIG Combibloc S.à.r.l., Courbevoie

31,000

EUR

100%

Germany

Scholle IPN Germany GmbH, Eisfeld

25,000

EUR

100%

SIG Combibloc GmbH, Linnich

34,494,382

EUR

100%

SIG Combibloc Systems GmbH, Linnich

1,000,000

EUR

100%

SIG Combibloc Zerspanungstechnik GmbH, Alsdorf

256,000

EUR

100%

SIG Euro Holding GmbH, Linnich

10,000,000

EUR

100%

SIG Information Technology GmbH, Linnich

500,000

EUR

100%

SIG International Services GmbH, Linnich

1,000,000

EUR

100%

India

Bossar Packaging Private Ltd., Pune⁶^,⁷^,⁸

17,649,000

INR

99.7%

Scholle IPN India Packaging Private Ltd., Palghar⁶

15,290,240

INR

100%

Scholle Packaging (India) Private Ltd., Palghar⁹

–

SIG Combibloc India Private Ltd., Gurgaon, Haryana⁶

964,721,600

INR

100%

Indonesia

P.T. SIG Combibloc Indonesia, Jakarta Selatan

13,549,682,000

IDR

100%

Italy

SIG Combibloc S.r.l., Parma

101,400

EUR

100%

Luxembourg

SIG Combibloc Holdings S.à r.l., Munsbach

2,000,001

EUR

100%

SIG Combibloc PurchaseCo S.à r.l., Munsbach

4,012,500

EUR

100%

Malaysia

Scholle IPN Packaging (SEA) SDN. BHD, Kuala Lumpur

445,500

MYR

100%

SIG Combibloc Malaysia SDN. BHD, Kuala Lumpur

1,000,000

MYR

100%

Mexico

SIG Combibloc Manufacturing México, S. de R.L. de C.V., Queretaro

142,010,000

MXN

100%

SIG Combibloc México, S.A. de C.V., Mexico City

1,000,000

MXN

100%

Netherlands

Clean Flexible Packaging B.V., Tilburg¹⁰

–

SIG Netherlands Solutions, B.V., Tilburg¹⁰^,¹¹

EUR

100%

Scholle IPN Europe B.V., Tilburg¹⁰

–

Scholle IPN Europe Holding B.V., Tilburg

18,000

EUR

100%

Scholle IPN Holding B.V., Tilburg

20,220

EUR

100%

Scholle IPN IP B.V., Tilburg¹⁰

–

Scholle IPN Netherlands B.V., Tilburg

18,000

EUR

100%

SIG Combibloc B.V., Tilburg

40,000

EUR

100%

New Zealand

Scholle IPN New Zealand Ltd., Auckland

NZD

100%

SIG Combibloc New Zealand Ltd., Auckland

100

NZD

100%

Nigeria

SIG Combibloc Nigeria Ltd., Lagos

100,000,000

NGN

100%

Pakistan

SIG Combibloc Pakistan (SMC – Private) Ltd., Lahore

100,000

PKR

100%

Poland

SIG Combibloc Sp. z o.o., Warsaw

249,934

PLN

100%

Romania

SIG Combibloc Services S.R.L., Cluj

1,000,000

RON

100%

Russia

OOO SIG Combibloc, Moscow

5,000,000

RUB

100%

Scholle IPN Eastern Europe LLC, Voronezh⁸

221,331,321

RUB

99.9%

Saudi Arabia

Al Obeikan SIG Combibloc Company Ltd., Riyadh

75,000,000

SAR

100%

Serbia

SIG South East Europe d.o.o. Beograd, Beograd

939,200

RSD

100%

Singapore

SIG Combibloc Singapore Private Ltd., Singapore

1,000

SGD

100%

South Africa

SIG Combibloc (South Africa) Pty. Ltd., Cape Town

1,000

ZAR

100%

South Korea

SIG Combibloc Korea Ltd., Seoul

260,000,000

KRW

100%

SIG Packaging Korea Ltd., Seoul

899,480,000

KRW

100%

Spain

Bossar Packaging S.L.U., Barbera del Valles

1,248,000

EUR

100%

SIG Combibloc S.A.U., Madrid

330,550

EUR

100%

Sweden

SIG Combibloc AB, Eslöv

100,000

SEK

100%

Switzerland

SIG allCap AG, Neuhausen am Rheinfall

7,000,000

CHF

100%

SIG InnoVentures AG, Neuhausen am Rheinfall¹²

1,000,000

CHF

100%

SIG Procurement AG, Neuhausen am Rheinfall

2,000,000

CHF

100%

SIG Receivables Management AG, Neuhausen am Rheinfall¹³

–

SIG Services AG, Neuhausen am Rheinfall

37,931,400

CHF

100%

SIG Schweizerische Industrie-Gesellschaft GmbH, Neuhausen am Rheinfall¹³

20,000

CHF

100%

Taiwan

SIG Combibloc Taiwan Ltd., Taipei

15,000,000

TWD

100%

SIG Packaging (Taiwan) Co., Ltd., Hsinchu Hsien

1,000,000

TWD

100%

Thailand

SIG Combibloc Ltd., Rayong

3,070,693,000

THB

100%

Turkey

SIG Combibloc Paketleme ve Ticaret Ltd. Şirketi, Istanbul³

170,000

TRY

100%

United Kingdom

Scholle IPN UK Ltd., Gateshead

GBP

100%

SIG Combibloc Ltd., Gateshead

250,000

GBP

100%

UAE

SIG Combibloc FZCO, Dubai

24,000,000

AED

100%

SIG Packaging Materials Trading LLC, Dubai

10,000

AED

100%

USA

Clean Flexible Packaging Inc., Northlake¹⁴

–

Scholle IPN Atlanta Corporation, Peachtree City

USD

100%

SIG Combibloc Inc., Northlake¹⁵

27,000,000

USD

100%

SIG Combibloc US Acquisition Inc., Northlake¹⁶

–

SIG Combibloc US Acquisition II Inc., Northlake

USD

100%

SIG Holding USA, LLC, Northlake¹⁵

–

SIG Packaging LLC, Northlake

10,000

USD

100%

SIG US LLC, Northlake¹⁴

10,000

USD

100%

Vietnam

SIG Vietnam Ltd., Ho Chi Minh City

2,000,000,000

VND

100%

Joint venture

Japan

DNP SIG Combibloc Co. Ltd., Tokyo

75,000,000

JPY

50%

1	Unaudited.
2	The registered address of SIG Group AG is Laufengasse 18, 8212 Neuhausen am Rheinfall, Switzerland.
3	Argentina and Turkey are regarded as hyperinflationary as of December 31, 2025 and 2024. The impacts of applying hyperinflationary accounting as per IAS 29 Financial Reporting in Hyperinflationary Economies are not material to the Group.
4	SIG Combibloc GmbH & Co KG was merged into SIG Austria Holding GmbH in the third quarter of 2025 (now SIG Austria GmbH).
5	Previously SIG Austria Holding GmbH. The name was changed to SIG Austria GmbH in the third quarter of 2025.
6	The reporting date is March 31. Financial information prepared as of December 31 is used for consolidation purposes.
7	In the acquisition of Scholle IPN in 2022, the Group initially only acquired 84.71% of the shares of Bossar Packaging Private Ltd. It acquired 14.99% of the shares for an insignificant amount in the second quarter of 2024
8	The non-controlling interests are not significant, which is why the Group does not make a distinction between profit or loss, total comprehensive income and equity attributable to the owners of the Company and the non-controlling interests.
9	Scholle Packaging (India) Private Ltd. was liquidated in the second quarter of 2025.
10	Clean Flexible Packaging B.V., Scholle IPN Europe B.V. and Scholle IPN IP B.V. were merged into Clean Flexible Packaging Holding B.V. in the third quarter of 2025.
11	Previously Clean Flexible Packaging Holding B.V. The name was changed to SIG Netherlands Solutions, B.V. in the third quarter of 2025.
12	SIG InnoVentures AG invests in early-stage companies to support the development of future packaging solutions. The investments are not significant. They are presented as part of other non-current assets (see note 21) and measured at fair value. The Group has elected to present fair value changes on these investments in other comprehensive income. The net fair value changes are presented as part of the retained earnings in the statement of changes in equity. The investments are categorized as Level 3 fair value measurements in the fair value hierarchy.
13	SIG Receivables Management AG was merged into SIG Schweizerische Industrie-Gesellschaft GmbH in the second quarter of 2025.
14	Clean Flexible Packaging Inc. was merged into SIG US LLC in the second quarter of 2025.
15	SIG Holding USA LLC was merged into SIG Combibloc Inc. in the second quarter of 2025.
16	SIG Combibloc US Acquisition Inc. was liquidated in the second quarter of 2025.

Joint venture in Japan

The Group has a small investment in a joint venture in Japan (DNP SIG Combibloc Co. Ltd). It is accounted for using the equity method.

The Japanese joint venture was formed in 2018 with the joint venture partner DNP and provides aseptic carton packaging solutions in Japan. There have been no significant transactions with the joint venture in the years ended December 31, 2025 and December 31, 2024. Its net assets are also not significant.

Accounting policy/basis of consolidation

Subsidiaries

Subsidiaries are entities controlled by the Group. Control exists when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are consolidated from their respective acquisition date, which is the date on which the Group obtains control, until the Group loses control.

Intra-group transactions and balances

Intra-group transactions and balances are eliminated on consolidation.