India-based flexible-packaging converting giant UFlex says its is investing about $200 million in Egypt for two projects: $70 million on a PET-chips facility — a raw material essential for BOPET films (thin polyester-packaging films) and $130 million on an aseptic-packaging converting operation. The projects will serve markets in the Middle East, Europe, and Africa and are expected to be completed by mid-2026.

UFlex, Ltd., Group President (Finance and Accounts) and CFO, Rajesh Bhatia says, “”In Egypt, we have two expansions currently going on. The first is the PET-resin facility, which is our backward integration, because we make BOPET films for which we require the PET resin. This project has been on the anvil for many years. Given the size that we have attained, especially after we set up capacities in Russia, Poland, Egypt and Nigeria, we thought that it is time to also secure ourselves from a raw material perspective.”

“In aseptic packaging in Egypt, we are putting up a 12-billion-packs-per-annum capacity plant. That is to take care of the Egypt market, which is a 5-billion-packs-a-year market and currently there is no manufacturing facility,” he adds.