Uflex to commission its first Aseptic Packaging Plant at an initial CAPEX of INR 580 crore

India’s largest global flexible packaging company Uflex Limited is making a steady headway to commission first of its kind Aseptic Packaging Plant for packing liquid products. The plant will go into trial run later this year. With this plant going commercially operational by March next year, the flexible packaging giant will complete its entire product bouquet offering which currently comprises solids, semi solids, viscous fluids, pastes, gels, powders, granular materials etc. Come 2017 and the company will plug the last hole by including packaging solutions for non aerated liquids in its product catalogue – the only category that is currently missing. This plant is being set up with an initial CAPEX of INR 580 crore and will employ around 250 people in the first phase. Completion of all the phases of the project will require a total investment of about INR 1500 crores and will provide employment to approximately 3000 people. 90% of the output from this factory will cater to the domestic demand. Uflex perfectly resonates the ethos of Government’s Make In India initiative and has been contributing to Brand India for over three decades now. The packaging behemoth has State-of-the-art manufacturing facilities for packaging films and packaging products in India and overseas. Integrated within its core business profile are allied businesses like Engineering, Cylinders, Holography and Chemicals which qualify the company as end to end flexible packaging solution provider. In India, Uflex has manufacturing facilities in Noida, Jammu and Malanpur (near Gwalior). Next on the block will be its Aseptic Packaging Plant in Sanand Gujarat. This new business initiative of the Company is all set to provide the much needed packaging solution alternative to businesses dealing in liquids like milk, dairy products, and non-aerated drinks among other products. The Liquid Packaging business has tremendous potential not only in India but also globally. In APAC the market growth is around 7% and in India the growth has been in double digits numbers for the last 3 years with last year at around 20%. Market in India will double from 8 billion paks to 16 billion paks in 4 to 5 years or perhaps even before. Drawing parallels, China has tremendous growth story which has already reached approximately 80 billion paks. In India with similar population the potential for growth is humungous. Uflex is fastening its belt to take off in the Indian liquid packaging market and then position the business globally. Being in international food packaging business for several decades now, Uflex thoroughly understands the associated nitty-gritty in India and abroad. Uflex is known for innovation to create value-added differentiation in packaging and that’s what it will offer as a delightful alternative to its customers in liquid packaging solutions too.