ELIZABETHTOWN, KY. (Oct. 31, 2 p.m. ET) — Flexible packaging firm Uflex Ltd. broke ground on Oct. 28 on its $180 million plant in Elizabethtown, the company's first in the United States.
The local plant will be known as Flex Films, and it will employ 250.
The company had announced plans for the PET film plant in April. At the time it did not specify that the plant would be in Elizabethtown.
The first phase, which will cost $90 million, will include capacity to make 66 million pounds of PET film annually. That part of the project is scheduled to be complete by the end of 2012, and production will begin in early 2013. The plant will employ 125 in the first phase.
The second phase, which is scheduled to be operational in 2014, will double the plant's annual capacity.
Uflex, based in Noida, India, claims to be the fifth-largest manufacturer of packaging films in the world. It has plants in India, Mexico, Poland, Egypt, and in Dubai, United Arab Emirates.
“We absolutely believe that, despite the economic slowdown, there is immense potential for growth in flexible packaging film demand here,” Flex Films CEO Pradeep Tyle said in a news release.