Uflex forays into e-commerce space

Uflex, the flexible packaging materials and solution company promoted by Flex International, announced the launch of its E-commerce website under the name FLEX BuzzR. With this, the company has forayed into the online space through its film manufacturing arm Flex Films.

Flex Films has manufacturing facilities across Asia, Europe, North America and Africa with the cumulative production capacity of 3.37 lakh p.a. This B2B platform would provide a complete range of film offerings to the company's EU customers from its Poland plant.

The website is meant to supplement Flex Films already running brick-and-mortar business model. The website offers both portfolio and other technical details of the films. The production site offers both Quick pick order to choose from the available rolls or made to order to place for customized requirements.

The stock of Uflex fell making lower tops and lower bottoms from its 52-week high at 506.75 on December 26, 2017 to 52-week low at 245.40 on June 28, 2018. Thereafter the stock bounced back and formed Inverse Head & Shoulders pattern on the daily time frame with a breakout at 330 on September 14. But the stock has witnessed a pullback and is trailing at its right shoulder level near 295 levels i.e. below its 50 and 200 days EMA levels.