Uflex expansion – the largest plant to be in Gujarat

Optimistic about flexible packaging growth in India


Noida-headquartered Uflex has targeted a revenue of `7,500 crore (US$ 1.172 billion) for 2015-16 compared with `6,180 crore (approximately US$ 950 million) achieved in the previous financial year. Currently, Uflex has 11 manufacturing plants in India, and plants in the United Arab Emirates, Mexico, Egypt, Poland and the US. The company’s top management has spoken out in recent weeks to the business media and said that it is extremely bullish on the Indian packaging industry and flexible packaging industry in particular, with expectations that it will continue to maintain its double-digit growth.

While Uflex has plans to build yet another plant overseas at an undisclosed location out of the three or four it is looking at, it has made public its three-year expansion plans to set up India’s largest flexible packaging plant at Sanand in Gujarat. While Uflex’s senior executive has spoken of a total investment in the region of `1,800 crore or approximately US$ 284 million for expansion in the next three years, it is estimated that in the first phase the investment at the 70-acre site in Sanand may entail a Capex of anywhere from `350 to 550 crore.

Ashok Chaturvedi, chairman and managing director of Uflex, has been quoted in the financial media as saying, “Initially, the plant capacity would be pegged at 80,000 metric tonnes, and we would double the capacity in the second phase to 160,000 tonnes yearly to make it the largest flexible packaging plant in India at one location under one roof.” The first stage of the plant for liquid packaging is expected to start production in the next year and establish the company’s presence in Western India where it currently does not have any plants.

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what you need. Speak and write to our editorial and advertising teams! For advertisement ads1@ippgroup.in , for editorial info@ippgroup.in and for subscriptions subscription@ippgroup.in

– Naresh Khanna

Subscribe Now
unnamed 1


Subscribe to our Newsletter

As 2023 begins and FY 23-24 unfolds, will you support us?

What lies in store for the packaging industry in India and South Asia this coming year? Inflation, disruption of supply chains or environmental regulation? Or the resumption of high rural demand, continued investment and industry consolidation? Whatever happens, Packaging South Asia will be there, providing clarity and independent technical and business information in India and South Asia and around the world. We are a compact Indian organization bringing a window of fair and rigorous technical and business information that the industry can access this year and beyond. Please support us with your advertising and subscriptions, to keep us going and growing.

Thank you.

Previous articleSpeciality paper breaks new ground to grasp new markets
Next articleIndia’s first Lombardi Synchroline 430 in Gurgaon
Editor of Indian Printer and Publisher since 1979 and Packaging South Asia since 2007. Trained as an offset printer and IBM 360 computer programmer. Active in the movement to implement Indian scripts for computer-aided typesetting. Worked as a consultant and trainer to the Indian print and newspaper industry. Visiting faculty of IDC at IIT Powai in the 1990s. Also founder of IPP Services, Training and Research and has worked as its principal industry researcher since 1999. Author of book: Miracle of Indian Democracy.


Please enter your comment!
Please enter your name here