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UFLEX
Company believes in innovation to drive up the margins & looking to diversify
in other packaging segments like Polytubes for personal care/Pharma products
It is setting up 52,800 MTs Polyester Film capacity at Mexico; where Phase I of
26,400 MTs is in operation while Phase II of 26,400 MTs has already commenced
Company is also setting up plant in Egypt with 35,000 MTs BOPP capacity plus
30,000 MTs of PET Films & 12,000 MTs of Cast PP film [Phase-II]. Phase
II will be operational by July’11. [$135 mill. expansion]
These expansions will boost the growth going forward and company hopes to
double the top line to $1 bn (Rs.4500 Cr) by 2012
Company may also opt to grow inorganically,by acquiring packaging companies
in US or Europe, to acquire bigger MNC client relationships and reach out to
global markets in future
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