Flex Films develops unique soft-yet-strong polymer film
Flex Films, the global film manufacturing unit of Uflex has developed a novel bi-axially oriented Polyethylene Terephthalate (BOPET) film at its manufacturing plant in USA.
The company, in its press release, said that the film has a soft and luxurious feel yet is strong and durable enough to withstand the handling rigours throughout the value chain. The product finds extensive use in luxury brand packaging, graphic advertising banners, decorative packaging and high-end stationery products among others.
The product belongs to a segment that has an anticipated CAGR of 12-15 per cent and is thought to be the highest growth segment in flexible packaging spaces in the United States.
Uflex is India’s largest flexible packaging materials and solution company with packaging film manufacturing facilities in India, the UAE, Mexico Egypt, Poland and the US having a cumulative installed capacity in excess of 3,37,000 TPA.
At 11:38 hours, Uflex was trading at Rs. 339.10 per share, down Rs. 0.70 or 0.21 per cent on BSE. The stock opened at Rs. 347.20 and attained an intraday high of Rs. 349.90 per share in morning trade on Monday.