India\u2019s flexible packaging solutions provider UFlex is investing over $86.35m to establish a woven polypropylene bags (WPP) manufacturing unit in Mexico and a new recycling facility in Noida, India.<\/p>\n
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These operations are expected to commence within financial year 2025-26 (FY25-26).<\/p>\n
The board of UFlex has sanctioned the construction of the WPP manufacturing plant in Mexico with a $50m investment. This facility aims to serve the North and South American pet food markets.<\/p>\n
The Mexican plant is projected to produce 80 million bags annually, with the capacity addition planned for FY25-26. This expansion is a strategic move to tap into the growing demand in the Americas for high-quality packaging solutions.<\/p>\n
Additionally, a recycling unit at Noida has been approved, furthering UFlex\u2019s commitment to sustainability and waste management.<\/p>\n
UFlex\u2019s recycling initiative in Noida, valued at $36.4m, is a response to the Indian government\u2019s extended producer responsibility legislation.<\/p>\n
The Noida recycling plant will comprise two units capable of processing a combined 39,600 million tonnes per annum (mtpa) of plastic waste.<\/p>\n
The post-consumer recyclate polyethylene terephthalate recycling unit will handle 36,000mtpa while the mixed plastic unit will process 3,600mtpa of plastic bottles, demonstrating UFlex\u2019s dedication to addressing plastic waste challenges.<\/p>\n
UFlex Group chair and managing director Ashok Chaturvedi said: \u201cWe are pleased to announce that we are setting up a woven polypropylene bags manufacturing plant in Mexico for pet food packaging.<\/p>\n
\u201cWith an estimated investment of $50m, this plant will be the first WPP packaging plant in Mexico catering to the lucrative North and South American pet food market, estimated at approx. $90bn in 2025 and expected to reach approx $135bn by 2030.<\/p>\n
\u201cIn line with our commitment to support the Government of India\u2019s extended producer responsibility legislation, we are proud to announce an investment of Rs3.17bn [$36.4m] to strengthen our recycling business with significant investments in advanced recycling technologies.\u201d<\/p>\n
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