Flexible packaging firm UFlex is investing $200 million in Egypt on two projects to strengthen its backward integration strategy. The investments involve a PET chips facility and an aseptic packaging unit aimed at servicing markets in the Middle East, Europe, and potentially the Americas.<\/p>\n\n\n\n
In a strategic move to strengthen its market presence, UFlex, a leader in flexible packaging solutions, is allocating $200 million for two major projects in Egypt. This investment is aimed at supporting neighbouring countries and European markets while meeting local demands.<\/p>\n\n\n\n
According to UFlex Group President and CFO, Rajesh Bhatia<\/strong>, about $70 million is being directed towards a new PET chips facility. This facility will supply essential raw material for BOPET films, marking a crucial step in their backward integration strategy. Additionally, $125-130 million is earmarked for an aseptic packaging unit slated for completion by FY26.<\/p>\n\n\n\n Bhatia highlighted Egypt’s favorable conditions, including duty-free exports to Europe and lower costs of manpower and energy, making it an ideal hub for expansion. With these projects, UFlex aims to achieve a 15% consolidated revenue growth in FY25, building on last year’s revenue of Rs 13,510 crore.<\/p>\n","protected":false},"excerpt":{"rendered":" Flexible packaging firm UFlex is investing $200 million in Egypt on two projects to strengthen its backward integration strategy. The investments involve a PET chips facility and an aseptic packaging unit aimed at servicing markets in the Middle East, Europe, and potentially the Americas. In a strategic move to strengthen its market presence, UFlex, a<\/p>\n","protected":false},"author":1,"featured_media":15569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[122],"class_list":{"0":"post-15563","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-finance","8":"tag-uflex"},"_links":{"self":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/15563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/comments?post=15563"}],"version-history":[{"count":2,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/15563\/revisions"}],"predecessor-version":[{"id":15568,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/15563\/revisions\/15568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media\/15569"}],"wp:attachment":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media?parent=15563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/categories?post=15563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/tags?post=15563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}