NOIDA, INDIA (July 15, 1:15 p.m. ET) — India-based Uflex Ltd., one of the world's largest producers of flexible packaging films, has made progress on its greenfield project in the United States.
Plastics News had reported in April that Noida, India-based Uflex had agreed to locate a plant in Kentucky.
The company now has revealed new details on the project. The total project outlay will be approximately $180 million, half of which will be spent on the first phase with the setting up a biaxially oriented polyester (BOPET) film line and a plasma enhanced high-barrier metallizer.
At 8.7 meters width and running at 500 meters per minute, the line will be one of the world's largest and will be bigger than any other film line presently operating in the United States, according to Uflex. It is due for start-up before the end of 2012.
The project is being set up under the aegis of Flex Films, a new company set up by Uflex specifically for this purpose.