Wednesday, February 9, 2011

Uflex to set up new plant in Poland with an investment of USD 80 million

Uflex is setting up its fifth manufacturing facility in Wrzesnia in Poland with an investment of USD 80 million, which is expected to be operationalised in June 2012. Uflex already has its manufacturing facilities in India, Egypt, Dubai and Mexico.

The new plant will have a capacity of about 30,000 tonnes and will cater to the customers of Europe and Russia.

The total capacity production of the company is expected to touch around 3.83 lakh tonne
with the addition of 30,000 tonne from the plant in Poland by 2012

Uflex has plans to add manufacturing lines for new product categories at its existing facilities in Egypt, Mexico and India with aggregate investments in excess of USD 250 million over the next year.

Read more on The Economic Times, The Hindu Business Line, Yahoo News

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