Uflex to invest `580 cr for new facility in Sanand

Flexible packaging company Uflex Ltd will invest Rs 580 crore in the first phase of setting up their new plant at Sanand near the city.

As part of their expansion plans to foray into the liquid packaging segment, the company has acquired 72 acre of land in the Sanand industrial area to set up the ‘’Aseptic Packaging Plant’’ to manufacture packaging material for liquid products, such as milk, juices and energy drinks.

“The project is proposed to be commissioned and fully operational by April 2017 and will employ around 250 people in the first phase. Later on, we intend to add some more facilities here in phase wise manner with a total investment of Rs 1,500 crore,” said group president (Corp F&A) R K Jain.

This will be company’s fourth plant in India after Noida, Jammu and Malanpur.

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