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

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

Bemis reports record quarterly profit

October 23, 2014 1:06 pm ET

Bemis Company Inc. saw record per-share earnings from continuing operations during the third quarter, but charges associated with the divestiture of...    More

Image

FTC warns bag makers to take care before making biodegradeability claims

October 23, 2014 12:30 pm ET

Makers of oxodegradable or oxo-biodegradable plastic bags should consider themselves on notice, according to the U.S. Federal Trade Commission.    More

Image

Packaging specialist Amcor hits sustainability goals ahead of schedule

October 23, 2014 11:15 am ET

Global packaging company Amcor Ltd. has achieved its waste reduction goals two years ahead of schedule, according to the company's new sustainability ...    More

Image

Simple lightweighting in packaging, caps not so simple anymore

October 22, 2014 4:16 pm ET

The days of finding simple ways to remove additional weight — and costs — from plastic bottles are over, according to one expert.    More

Market Reports

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

More Events