Under Ashok Chaturvedi leadership & guidance, UFLEX is continuing with its strategy of capacity expansion and adding manufacturing lines for new product categories across facilities in Mexico, Egypt, India, Poland & USA – not only to increase proximity to the markets, but also to bring broad portfolio of value added products to its clients at competitive price points.
In the first half of the current financial year (H1 FY11-12), Uflex Ltd completed the expansion of its facility in Mexico in the quarter ended June 30, 2011. This facility has trade pacts and part of NAFTA and thus access to a large market like North America. The expansion here was in two phases of 30000 MT capacity each, aggregating a total capacity of 60000 MT, and involving total capital investment of USD 110 million.
The company also commissioned an AL-OX coater and CPP plant for Packaging films at its Egypt plant in 6th of October City, near Cairo. With this, UFLEX joins the list of handful manufacturers, capable of producing ALOX-coated films and CPP film. The new line of PET film of 30,000 MTs is expected to be commissioned by December, 2011.
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