Uflex eyeing higher revenue share from global market

Uflex is expecting to complete its international expansion plan by the next financial year (FY21E) that will result in an increase in overseas contributions to the total revenue in the coming years. Uflex has made an investment of US$ 301.7 million, which includes - US$ 86.5 million in Nigeria, US$ 81.2 million in Hungary and US$ 75 million in Russia. Besides, it has also invested US$59 million on capacity expansion in Poland.

Besides, ramping up overseas expansion, Uflex is also focusing on the capacity utilization of the domestic manufacturing units at Noida, Jammu and a new unit at Sanand, Gujarat and expects the domestic business to grow as well.

Uflex is India's largest multinational flexible packaging materials and Solution Company and an emerging global player. Since its inception back in 1985, Uflex has grown from strength to strength to evolve as a truly Indian Multinational with consumers spread across the world.