The visit of the founder of one of the largest Indian corporations UFlex Group, which is a leader in its field, Mr. Ashok Chaturvedi with new plans to Russia can be considered as the trust and confidence of Indian colleagues in the successful implementation of future projects.
Mr. Ashok Chaturvedi visited the "Stupino QUADRAT" SEZ to check the completion of construction and preparation for the opening of another plant of FLEX FILMS RUS LLC, a subsidiary of UFlex Group, in September 2023. It will produce CPP film intended for the manufacture of packaging for food and cosmetic products, stationery, light industry products, etc. Investments in this project will amount to 2.5 billion rubles. The planned production volume is 18 thousand tons of products per year. About 100 jobs will be created for residents of the region.
And the history of cooperation began with the first project of FLEX FILMS RUS LLC, which was successfully implemented in the "Stupino QUADRAT" SEZ in 2020. The plant produces BOPET twist film and BOPET film with chemical processing and is the only plant in Russia operating on the principle of waste-free technology, which is an environmentally important factor for the country's economy. Investments amounted to 3.7 billion rubles, more than 200 new jobs were created.
Uflex Group is India's largest company operating in over 140 countries. It is one of the top 10 flexible packaging manufacturers and the top 5 packaging film producers in the world.
FLEX FILMS RUS LLC supplies products to Belarus, Kazakhstan, Uzbekistan, Armenia, Georgia and occupies 40% of the flexible packaging market in Russia.
We thank Mr. Ashok Chaturvedi for the trust for us in choosing our SEZ and the opportunity to remain a reliable business partner focused on long-term fruitful cooperation.
We wish Uflex great success in development not only in Russia, but also in the world!