Swedish food processing and packaging company Tetra Pak has completed a €42m (S$67m) investment to upgrade and expand its operations in Singapore, which includes a new printer and building.

According to Tetra Pak, the investment has been designed to meet needs of the customer across the growing Southeast Asian market and to improve the company's competitiveness in other parts of the world.

The investment included installation of a new printer and a laminator upgrade in the packaging material plant and will boost production capacity by 33% from 15 billion to 20 billion packs per year.

The printer with Flexo process, and the laminator began production earlier in 2012.

Tetra Pak vice president South and Southeast Asia Rusty Kekuewa said demand for Tetra Pak packages in Singapore is forecast to nearly double from 2012 to 2020.

"Tetra Pak continues to invest to deliver on innovation and quality to our customers in the region and around the world," Kekuewa said.

With the additional capacity, the company will be able to produce packages with closures requiring pre-laminated holes, which will be used for Tetra Brik Aseptic packages with Helicap 23 & 27.

The Singapore plant will produce Tetra Prisma Aseptic 330ml and 1000ml packages in 2013.