UFlex to invest ₹700 cr to boost Dharwad packaging capacity

UFlex Ltd, a flexible packaging and solutions provider, will allocate more than ₹700 crore to enhance its packaging film production line in Dharwad, Karnataka, as stated by a senior official of the company.

The organization will increase the plant's output by 54,000 MTPA, elevating its total global packaging film capacity to 690,160 MTPA, an increase from 636,160 MTPA.

"We plan to invest over Rs 700 crore to expand our packaging film manufacturing line in Dharwad, Karnataka. This project will add 54,000 MTPA of new capacity, significantly strengthening our portfolio and enhancing our ability to serve customers with scalable, high-quality packaging solutions," UFlex Ltd Group president and CFO, Rajesh Bhatia, told PTI in an e-mailed interview. The growth in Dharwad comes after the recent enhancement of aseptic packaging capacity at Sanand, Gujarat, where the capacity was raised from 7 billion to 12 billion packs annually, he stated.

Also Read: Skoda Auto Volkswagen India Hits Two Million Production

"In addition, three major strategic projects, including a 12-billion-pack aseptic plant in Egypt, an 80-million WPP bags line in Mexico, and an approximately 40,000 MTPA recycling facility in Noida, are progressing well and will add significant scale and capability to our global packaging portfolio," Bhatia said, sharing the company's ongoing expansions.

Stating that these projects will add significant scale and capability to the company's global packaging business, he said, "We expect these new capacities to start contributing from FY27 and reach their full impact in FY28, supporting steady and profitable growth."