The India-based UFLEX Group, one of the world’s leading manufacturers of Flexible Packaging, is taking a major step forward in extending its global manufacturing footprint by investing in a large state-of-the-art greenfield facility in the State of Kentucky in the USA for the manufacture of hi-tech Packaging Films. The first phase of this US$ 180 million project will see the setting up of an 8.7 meter wide, 500 meters/minute Biaxially Oriented Polyester (BOPET) Film line and a complementary plasma enhanced high-barrier metalliser. The film line, one of the world’s largest, will turn out 30,000 MT (about 70 million lbs.) of film per year and is expected to be on stream by the end of 2012. It will be larger than any other film line presently operating in the USA.
The USA is the world’s largest Packaging market accounting for some 20% of global requirements.
The Group already has large production facilities located in Dubai, Mexico and Egypt in addition to several plants in India. It is also in the process of setting up a new facility in Poland in Central Europe by the middle of 2012.
The core business philosophy of the Group has always been to service customers better by being close to them and locating state-of-the-art manufacturing facilities “next door” to enable film users to source supplies at short call. After establishing several plants in India, the Group embarked on a global programme of setting up strategically located plants in all major international geographical film markets in 2005 by commissioning a BOPET Film line in Dubai and subsequently launching new facilities for BOPET Films in Mexico (in 2009) and Biaxially Oriented Polypropylene (BOPP) Films and Cast Polypropylene (CPP) Films in Egypt (in 2010). Three more 8.7 meter wide BOPET Film lines are currently under installation – one each at Mexico, Egypt and Poland. By next year, UFLEX will become the only large film manufacturer to have plants located in all the four major continental markets, each of which will house the world’s largest film lines. More new plants are on the anvil.
In the last three years, overall capacities have been enhanced substantially for all film variants and the Group has now emerged as the largest supplier of BOPET Films to the global Packaging industry. The new lines under installation will further consolidate this leadership position.
The MOU for the new plant was signed in New Delhi on the 10th of April, 2011 by Mr. Larry M. Hayes, the Secretary of the Cabinet for Economic Development, Commonwealth of Kentucky, and Mr. Pradeep Tyle, CEO of Flex Films in the presence of H.E. Steven L. Beshear, the honourable Governor of Kentucky, and Mr. Ashok Chaturvedi, the Chairman of the UFLEX Group. The proposed plant will be the first greenfield investment by any Indian company in the State of Kentucky.
The UFLEX Group is India’s largest Flexible Packaging conglomerate and is the world’s only fully vertically integrated company in this business. Its products include plain and metallised films, flexible packaging laminates, bags and pouches, PET resins, holographic materials, printing inks and coatings, adhesives, rotogravure cylinders, flexographic plates, packaging machinery and converting machinery. All these products are manufactured in-house in state-of-the-art global scale facilities and present annual revenues are about INR 41 billion (US$ 910 million).
Because of its extensive domain knowledge of every link of the Flexible Packaging value chain, it offers a wide variety of customised end-to-end solutions for almost any packaging application. Its depth of understanding and expertise enable the delivery of optimum packaging solutions to its customers. The Group is a leading international player in Flexible Packaging with an extensive global manufacturing and marketing footprint. At last count, its products are used in 110 countries and this number is going up all the time.
For any further information, please contact:
Pradeep Tyle CEO, Flex Films A–1, Sector 60, Noida 201 301, U.P., India. Tel: 91 120 2580500, 2587500 Fax: 91 120 2580511, 2580003