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Packaging giant Uflex eyes Rs 4,500-crore revenue

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With the operation of its facilities in USA and Poland, Uflex, India’s largest flexible packaging company, expects a Rs 4,500-crore revenue by end-this fiscal.

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Packaging giant Uflex eyes Rs 4,500-crore revenue

  1. 1. Packaging giant Uflex eyes 4,500-crore revenueWith the operation of its facilities in USA and Poland, Uflex, India’s largestflexible packaging company, expects a Rs 4,500-crore revenue by end-this fiscalUflex, plans to invest Rs 380-crore to set up a polyester films plant in the US with an annualcapacity of 30,000 metric tonnes. The US facility will have a manufacturing capacity of 30,000MTPA and will start production by December 2011.Uflex is also setting up another plant in Wrzesnia in Poland with an investment of around Rs360-crore. The Poland facility capacity will be around 30,000 MTPA and is expected to beoperationalised in June 2012.The company already operates plants in India, Egypt, Dubai and Mexico and the Poland plant isUflex’s fifth manufacturing facility and US plant will be its sixth. Uflex had registered a Rs 3,500-crore revenue in FY 11.

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