UFlex Group to Invest in Poland
Manufacturer of flexible laminates and pouches, plain and metalized BOPET/BOPP/CPP/coextruded films, UFlex is keeping with its core policy of being as close as possible to its customers with its first European facilty. The first phase of this operation will be the setting up of an 8.7 meter wide/500 meters per minute biaxially oriented polyester (BOPET) film line and a high-barrier plasma enhanced vacuum metalizing plant near Poznan in central Poland.
The plant is being set up under the aegis of Flex Film Europa Sp.z.o.o. The state-of-the-art BOPET Film plant will be one of the world’s largest film lines and will be capable of turning out about 80 million pounds of film annually. The total investment in the first phase will be $90 million and the plant is due to start commercial production in mid-2012. This facility will enable European users of BOPET films to obtain their requirements at short call.
Poznan is considered Poland’s second most prosperous city after Warsaw. It is a well-known centre for trade, industry, education and culture. Many leading multinational corporations have manufacturing plants located in the Poznan area.
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 metalized 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 $870 million. It has manufacturing plants located in India, Dubai, Mexico and Egypt.
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