UFLEX shares rose more than 3% in early trading after the company’s subsidiary, Flex Asepto (Egypt) S.A.E., announced plans to establish an aseptic packaging factory in Egypt with a capacity of 12 billion packs per year by September 30, 2025.
The investment required is around USD 126 million, which will be funded with both owned and borrowed funds. The expansion is intended to address the need for aseptic packaging in Egypt, Europe, the Middle East, and East Africa.
As of 9:22 am, UFLEX shares were trading 0.49% higher at Rs 695.75 on the NSE.
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