The largest global flexible packaging company of India, Uflex Limited has announced an extension of their existing alliance with WaveFront Technology Inc. in India to bring manufacturing of Fresnel lens packaging films to Europe. Film manufacturing is scheduled to start in the final quarter of 2016. The set up will be operated within the Flex Films Europa Sp. Z o.o‘s facility in Wrzesnia, Poland with WaveFront Technology Europe leading the Sales & Marketing activities. Flex Films Europa Sp. Z.o.o is a 100 per cent owned subsidiary of Uflex Limited. Uflex had expanded its film manufacturing footprints into Poland back in the year 2012 after venturing out in UAE, Mexico and Egypt.
Uflex Share Price Today
Uflex Share Price touched a new 52 week high on 11 July 2016 when it touched Rs 245.00. By the end of the day the share price closed at Rs 241.40, up by 0.73 per cent.
Words of Management
Mr. Ashok Chaturvedi the Chairman & MD of Uflex Limited said that this is an important geographical extension on the part of Uflex's existing relationship with WaveFront Technology. Both the companies have built up an excellent working relationship in India and hope to continue the same while working in Europe. The ties with WaveFront will further enhance Uflex's ‘Speed to Market’ in Europe which is one of the core pillars of the global business strategy.
Joel Petersen, President and Founder of WaveFront Technology Inc. commented that they are very pleased to be associated with Uflex Group in Europe, a territory that has become a very important region for stimulating new Fresnel lens designs and process developments. Uflex is renowned for its process engineering quality, and is a World Leader in film manufacturing. WaveFront is very excited with the synergies that will be offered by this extended alliance.