UFlex to Invest $117.7 Million in Packaging Film Plant in Azerbaijan

India’s UFlex Limited plans to invest $117.7 million in a new packaging film manufacturing facility in Azerbaijan’s Alat Free Economic Zone (AFEZ), expanding its international production footprint. A Joint Participation Agreement for the project was signed between the Azerbaijan Business Development Fund (ABDF), Flex Middle East FZE and the Azerbaijan-Uzbekistan Investment Company during the Second Azerbaijan International Investment Forum on 29 September 2026. The project will be implemented through Flex Middle East FZE, which manages UFlex’s international assets. For this purpose, Flex Films AZB AFEZCO has been established, and a 4.7-hectare plot has been allocated within AFEZ for the planned facility. The plant is designed to have an annual production capacity of 60,000 tonnes of biaxially oriented polypropylene (BOPP) packaging film. The facility is intended to serve the Azerbaijani market and export markets in neighbouring Commonwealth of Independent States (CIS) and European countries.

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