PackPlus starts today in Pragati Maidan, New Delhi

The Ishida stand at PackPlus. Photo PSA

Plans a new Rs. 550 crore plant in GujaratUflex to invest Rs. ane,800 crore for further growthLeading flexible packaging company Uflex is investing ₹1,800 crore (about US$ 284 one thousand thousand) to grow its output and add new products as demand for packaging textile rises in India amid changing retail patterns. The Noida-headquartered company will invest ₹550 crore in setting upward a plant in Sanand, Gujarat, to make packaging materials for liquid products.
RK Jain, Uflex'south group president for corporate finance and accountsAccording to an interview of RK Jain, Uflex'due south group president for corporate finance and accounts published in the business organisation magazine Businessworld, Jain said land has been acquired for the plant, which will be operational in April 2022 and will utilize most 800 people. "Nosotros are now entering the liquid market," he said.

The Gujarat plant will produce seven billion packs a year for liquid products such equally free energy drinks, milk and juices, and near 90% of the output will be used for the domestic market. Uflex articles both packaging materials and equipment and is a market leader in Bharat in the segment. A big clamper of its supplies goes to the food and beverage industry.

Uflex has manufacturing plants in Noida in Uttar Pradesh, Malanpur in Madhya Pradesh and in Jammu. Overseas plants are located in Dubai, Egypt, Mexico, Poland and North America. Jain said the company is growing its overseas business organisation as well.

The busy Uflex stand at PackPlus. Photo PSA

"We are becoming an emerging role player in the international market. We have a sales network in 140 countries," he said, calculation that the company's revenues are evenly divided between domestic and overseas markets. The company employs 7,500 people, of whom vi,300 piece of work in India.

No negative impact for Uflex due to Maggi
Uflex, which supplies packing material to Nestle, does not come across whatsoever negative affect on its revenue growth due to the sales ban on the Maggi instant noodles brand. "Our packaging portfolio is evenly spread out amid several top-notch brands and Maggi as a function of our portfolio does not add significantly to our bottom line," the company said in a argument. "The recent banning of Maggi noodles will have no negative touch on on Uflex's turnover as the company is on a college growth trajectory both in India and the overseas market."

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Source: https://packagingsouthasia.com/events/packplus-starts-today-in-pragati-maidan-new-delhi/

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