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Uflex unveils ASEPTOTM, its Aseptic Liquid Packaging brand

Press Trust of India  |  Mumbai 

Multinational flexible packaging materials and solution company Uflex today said it has set up Aseptic Liquid Packaging manufacturing plant in Gujarat with an investment of Rs 580 crore, which will be commercially operational by April 2017.

Aseptic Liquid Packaging will be available as 'ASEPTOTM', the Aseptic Liquid Packaging Brand, the company said in a release issued here.

Aseptic packages are made by laminating poly-ethylene with paperboard and aluminium foil, which ensures that food remains free from bacteria and other harmful microorganisms for a period of at least 8 months under room temperature, the release said.

Uflex's Aseptic Liquid Packaging manufacturing plant will be commercially operational by April 2017.

"Packaging of flavoured milk, other dairy items and liquor in Aseptic packaging material will play a key role in propelling the growth of aseptic packaging in the coming years both in India and overseas," said Uflex President and CEO, New Business Initiatives, Ashwani Sharma.

"Our total manufacturing capacity of 7 billion packs per annum will cater to 90 per cent of the domestic market demand. In APAC, the market growth is around 7 per cent and in India the growth has been in double digits for the last 3-4 years," he said.

Commenting on the investment that has gone into the upcoming aseptic packaging manufacturing plant, Uflex Group President R K Jain said, "The aseptic packaging manufacturing plant is coming up on 21 acres of the 72 acre land that Uflex has bought at Sanand, Gujarat. Remaining land will cater to any future expansion of the existing business and for aseptic packaging manufacturing as the need be."

He said, the company has invested Rs 580 crore (approx. USD 85 million) for setting up the Aseptic Packaging plant and once operational, it will employ around 250 people.

"Our total investment over the next two-three years is Rs 1,500 crore in a phased manner. This already includes Rs 580 crore towards setting up the Aseptic Packaging Manufacturing plant. The balance will be used for modernisation of manufacturing systems and processes and research and development of flexible packaging solutions using the most contemporary technology," he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, January 11 2017. 15:42 IST