Shares of UFlex Ltd. rose 1% to reach a day’s high of Rs 725 on 4th October after the company announced that its subsidiary, Flex Asepto (Egypt) S.A.E., plans to establish a state-of-the-art aseptic packaging facility in Egypt.

According to a stock exchange filing, the firm’s move to establish the packaging facility is part of its strategic expansion into high-demand markets across Europe, the Middle East, and East Africa.

This new facility will be able to produce 12 billion packs per year and is expected to begin operations by 30th September 2025.

The total investment for this project is approximately $126 million, financed through a combination of owned and borrowed funds.

They state that this investment is justified to meet the growing demand for aseptic packaging in the region.

The company’s decision aligns with increasing interest in the aseptic packaging market, particularly for preserving liquid food products without refrigeration.

The stock has surged nearly 44% so far in 2024. As of now, the company’s market capitalisation stands at around Rs 5,042 crore.

At 12:14 PM, the shares of UFlex were trading 1.10% higher at Rs 700 on NSE.

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