India's Uflex to zero in on South American plant location

By Satnam Singh
Correspondent

Published: September 4, 2012 6:00 am ET

Related to this story

Topics Packaging, Film & Sheet

NEW DELHI (Sept. 4, 12:55 p.m. ET) — Uflex Ltd. is aiming to become one of the world’s largest flexible plastic producers by expanding its base in India as well as setting up new plants globally.

The company, which broke ground on its first U.S. plant a year ago, is currently looking at Latin America as a location for a future plant.

The objective is to cut the lead time for global customers, according to N. Siva Shankaran, vice president of business development of the company’s packaging division.

“Earlier, the lead time used to be around 45 days, when we were supplying from India,” Shankaran said in an interview with Plastics News at the Packaging Technology for Optimization conference in New Delhi.

Now the lead time is down to a maximum of about 10 days, he said.

Shankaran said the company’s plant in Latin America would “most likely” be in Brazil. The company will probably zero in on a location in early 2013.

“Ideally plant construction would take about 12-15 months and the proposed South American venture would likely to kick-start production in the first half of 2014,” Shankaran said.

The company expects the plant will be similar to its plant in Noida, near Delhi.

“We replicated the Noida plant in our overseas plants in the United Arab Emirates, Mexico, Egypt, Poland and the U.S., and would follow it in the South American plant also,” he said.

Uflex Ltd. broke ground on its U.S. plant, in Elizabethtown, Ky., in October. The $180 million plant, which will be known as Flex Films, will make PET film.

Already India’s largest flexible material producer, Uflex recently expanded one of its three plants in Jammu, India, Shankaran said. Two of the plants make laminated films and pouches.

Shankaran said Uflex also still has plans to grow in India.

“We are looking for suitable site for the new plant, which would likely to be located in the southern part of India,” Shankaran said. The proposed facility would likely to be operational by early 2014.

Uflex grows by about 15 percent annually.

Currently, India’s laminated films sector generates sales of about $3 billion annually, and will likely surpass $50 billion in 15-20 years, he said. Uflex has about 15 percent of India’s laminate film market, he said.


Comments

India's Uflex to zero in on South American plant location

By Satnam Singh
Correspondent

Published: September 4, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew...    More

Image

Onex buying packaging group SIG Combibloc

November 24, 2014 9:05 am ET

ex Corp. will buy SIG Combibloc Group, the Switzerland-based manufacturer of aseptic carton packaging and plastics closures from New Zealand's Rank...    More

Image

EU sets consumption goal of 40 plastic bags per person by 2025

November 24, 2014 9:27 am ET

Representatives of European Union member states hammered out a deal Nov. 21 to reduce consumption of lightweight plastic bags to 40 bags per person...    More

Image

PET film maker Evertis expanding production in Mexico, Brazil, Portugal

November 20, 2014 2:52 pm ET

Evertis, a PET film maker, is expanding production at plants in Mexico, Brazil and Portugal, the company said.    More

Image

Coveris changes culture, eyes IPO

November 20, 2014 1:40 pm ET

CEO Gary Masse has a simple message, and some new math, for everyone at Coveris Holdings Corp. Get on board or get out of the way.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events