Flexible packaging and solutions maker UFlex Ltd will invest over Rs 700 crore to expand its packaging film manufacturing line in Dharwad, Karnataka, according to a senior company official.
The company will add 54,000 MTPA of new capacity at the plant, bringing its global packaging film capacity to 690,160 MTPA, up 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.
