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Uflex Ltd, India's largest flexible packaging company, as part of its overseas
expansion plans is set to launch a PET film (polyester) plant in Kentucky,
USA. The facility will have a manufacturing capacity of 30,000 MTPA of PET
film and the company will be investing approx. $85 million in the project.
Apart from the venture in U.S., Uflex recently initiated the setting up of a
new plant for manufacturing of 30,000 MTs of polyester film at Poland. The
company will set up the plant in Wrzesnia in Poland with an investment of
$80 million (around Rs 360 crore), which is expected to be operationalised by
June 2012.
The first phase of this expansion involving added capacities in BOPP films
has already commenced operations, while the second phase of setting up
facilities for PET and CPP films is expected to be completed by the 3rd
quarter of FY 2011-12.