Uflex plans to invest US$80 mln in a new plant in Poland

In a move to meet increasing demand of customers in Europe and Russia, Uflex plans to invest US$80 mln in a 30,000 tpa plant in Wrzesnia, Poland, expected to be operational in June 2012. The investment will be made partly from debt and partly from internal accruals. The new plant will be Uflex’s fifth manufacturing facility. It already operates plants in India, Egypt, Dubai and Mexico. Uflex also plans to add manufacturing lines for new product categories at its existing facilities in Egypt, Mexico and India with aggregate investments in excess of US$250 mln over the next year. The company is in a process to add another 1,00,000 ton from its plants. With the addition of 30,000 tons from the plant in Poland by 2012, the total capacity production of the firm would touch around 3.83 lakh tons.
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