UFlex, a leading flexible packaging company, is investing approximately USD 200 million (over ₹1,710 crore) in Egypt across two major projects to support its backward integration strategy. These investments aim to strengthen the company’s presence in local, regional, and European markets while ensuring a stable supply of key raw materials.
The first project, valued at around USD 70 million, involves the construction of a PET chip facility, crucial for producing BOPET films, which are widely used in packaging. The second project focuses on establishing an aseptic packaging unit, with an investment of USD 125-130 million, intended to meet the growing demand for packaging solutions in Egypt, the Middle East, and Europe.
Rajesh Bhatia, Group President and CFO of UFlex, explained that the PET resin facility is a strategic move to secure the supply of raw materials needed for their BOPET film production, which has been a long-standing goal. “Given the scale we have reached in markets like Russia, Poland, Egypt, and Nigeria, it is the right time to integrate our raw material supply,” Bhatia noted. UFlex had previously invested ₹600 crore in a PET chips facility in Panipat, India, to meet domestic demand, which was completed earlier this year.
The aseptic packaging plant in Egypt will have a capacity to produce 12 billion packs annually, aimed at meeting local demand, which currently lacks a manufacturing facility for such packaging. Bhatia pointed out that the Egyptian facility would also serve markets in Europe, as exports from Egypt to Europe are duty-free, offering a competitive advantage. The project is expected to be completed by the end of FY26.
This expansion in Egypt aligns with UFlex’s broader growth strategy, targeting increased demand across Africa, the Middle East, and Europe. Looking ahead, the company is forecasting a 15% consolidated revenue growth for FY25, following a revenue of ₹13,510 crore in the 2023-24 fiscal year.
UFlex is India’s largest multinational company specializing in flexible packaging and solutions. Established in 1985, the company has expanded its operations across all segments of the packaging value chain, including packaging films, chemicals, aseptic liquid packaging, flexible packaging, holography, engineering, and printing cylinders. With a diverse workforce of over 10,000 professionals worldwide, UFlex is renowned for creating innovative, sustainable, and value-driven packaging solutions.
It caters to Fortune 500 clients across industries such as FMCG, consumer goods, pharmaceuticals, construction materials, and automobiles in more than 150 countries. Headquartered in Noida, India, UFlex operates state-of-the-art manufacturing facilities in India, UAE, Mexico, Egypt, USA, Poland, Russia, Nigeria, and Hungary, solidifying its global presence.
