Uflex eyes to be $2-billion firm in the next five years

Uflex is aiming to be a $2-billion firm in the next five years on the back of growth in domestic as well as international markets. The company is expecting its packaging business to be growth driver apart from plastic film business, which is its traditional strength.

The company is in the process of investing around Rs 3,000 crore in a phased manner at its plant at Sanand in Gujarat, where it would manufacture packaging material for liquid products.

In FY15, Uflex had consolidated total revenue of Rs 6,180.33 crore. For the first half of FY16, the company’s total income was Rs 3,125.50 crore.

Uflex 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.