UFlex

Type
Business expansion
Country
World
Region
Location of affected unit(s)
India, Russia, Hungary, Nigeria, Poland
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.2 - Manufacture of plastic products
22.22 - Manufacture of plastic packing goods
400 jobs
Number of planned job creations
Job creation
Announcement Date
22 October 2020
Employment effect (start)
22 October 2020
Foreseen end date
21 April 2021

Description

India-based flexible packaging materials company UFlex announced that it will create over 400 new jobs worldwide within the next six months. The move is a part of the company’s global expansion initiative. UFlex is to hire additional staff at its factories in India, Russia, Hungary, Nigeria and Poland. In India alone, more than 120 jobs will be created. The company will open new plants in Russia, Nigeria, Hungary and add a new line at its production facility in Poland.

UFlex, founded in 1985, has its production units in India, UAE, Mexico, Poland, Egypt and US. The company provides its products to clients across over 140 countries worldwide.

Sources

Citation

Eurofound (2020), UFlex, Business expansion in World, factsheet number 102407, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102407.