UFlex, a leading flexible packaging solutions provider, will invest over Rs 700 crore to expand its packaging film manufacturing line in Dharwad, Karnataka.

The expansion will add 54,000 MTPA of capacity, increasing UFlex's global packaging film capacity to 6,90,160 MTPA from 6,36,160 MTPA. Group President and CFO, Rajesh Bhatia, emphasised that this expansion will enhance the company’s ability to deliver high-quality, scalable packaging solutions. He also highlighted other ongoing strategic projects, such as the augmentation of aseptic packaging capacity in Gujarat, and new plants in Egypt, Mexico, and Noida.

These investments are expected to generate nearly Rs 3,000 crore in additional revenue and support UFlex’s growth, with full impact anticipated by FY28. Additionally, Bhatia noted that GST rationalization and India's EPR framework will further drive demand for recycled packaging materials.