Uflex has decided to set up a polyester films project in USA through its wholly owned subsidiary. In this regard, the company will invest about $80-85 million.
Earlier in January this year, the company had received its board’s approval for its proposal for setting up a new plant for manufacturing of 30,000 MTs of polyester film at Poland through its wholly owned subsidiary - Flex Middle East FZE - Dubai (UAE).
Uflex manufactures flexible packaging solutions. Earlier known as Flex Industries, currently it is the largest flexible packaging company in India. Being one of the leading companies in Asia pacific region; UFLEX has capacity of 25000 TPA.
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