Indian packaging firm, Uflex’s new $80-million greenfield facility in Kentucky, US is reportedly all set to get operational this month, considering strong demand as trade modernizes. At present, only 10-15% of all food items and staples are sold in packaged form, so the entity eyes an immense scope for expansions in the segment, which will be funded by internal accruals and debts. It is expecting 30% growth in revenue at Rs 5,800-6,000 crore this fiscal, as company’s Poland plant is also operational since July.
The company is engaged in production of Polyester chips, BOPET and BOPP films, Printing and Coating Inks, facilities for Holography, Metalization and PVDC coating, making Gravure Printing Cylinders, Gravure Printing, Lamination and Pouch formation.
