Uflex to build $325m packaging plant in India

1 October 2014 (Last Updated October 1st, 2014 18:30)

Indian flexible packaging specialist Uflex has announced plans to build a new $325m packaging plant in the city of Ahmedabad in Gujarat.

Indian flexible packaging specialist Uflex has announced plans to build a new $325m packaging plant in the city of Ahmedabad in Gujarat.

Expected to be commissioned in early 2016, the proposed plant forms part of the company's three-year investment plan for business expansion.

Uflex chairman and managing director Ashok Chaturvedi said: "Initially, the plant capacity would be pegged at 80,000mt, and we would double the capacity in the second phase to 160,000mt yearly to make it the largest flexible packaging plant in India at one location under one roof.

"We are working on three or four locations, but the decision will depend on market size and proximity to the customer."

"We have no presence in the western part of the country and the Ahmadabad plant would cater to the western and southern Indian market."

Additionally, the company plans to expand business internationally and aims to select a location for the new plant by March or April next year.

Chaturvedi added: "We are working on three or four locations, but the decision will depend on market size and proximity to the customer."

Established in 1983, Uflex currently has 11 facilities in India for manufacturing polyester and biaxially oriented polypropylene films. Apart from India, Uflex currently has packaging plants in the UAE, Mexico, Egypt, Poland and the US.