Uflex eyes 30% revenue from export markets in 3 years

Uflex is eyeing 30 percent revenue from export markets in the next three years. Currently, exports account for 18-20 percent of the total revenue of its packaging business. Packaging business accounts for 44 percent of the total revenue of the company, which is also into production of chemicals, cylinders and holograms and engineering. The company exports products to over 140 countries from its manufacturing units in India, Poland, the US, Mexico, Dubai and Egypt.

The packaging major has crossed the $1-billion revenue mark in India and wants to double its income to $2 billion in 4-5 years. The company is setting up an aseptic packaging plant for liquid packaging in Sanand, Gujarat with an investment of about Rs 580 crore in first phase and the total capacity will be 7 billion packs per annum.

Uflex is India’s largest end-to-end flexible packaging company and an emerging global player. The company today has state-of-the-art packaging facilities at multiple locations in India and has packaging film manufacturing facilities in India, UAE, Mexico Egypt, Poland and USA.