UFLEX Ltd's arm commissions Post-Consumer Recycling plant in Egypt

Flex P. Films (Egypt) S.A.E., step-down subsidiary of UFLEX Ltd has commissioned at 11:30 AM EET (3:00 PM IST), today its post-consumer recycling (PCR) Plant in Egypt having installed capacity of 18000 MT per year.

With the setting up of the said plant, the step-down subsidiary shall be recycling post-consumer PET bottles to recycled (rPET) PET flakes & Pellets by adopting mechanical recycling technology which includes sorting, washing, drying and grinding of PET bottles to produce flakes or pellets for using in PET Film.

Shares of UFLEX Limited was last trading in BSE at Rs. 486.70 as compared to the previous close of Rs. 484.80. The total number of shares traded during the day was 7913 in over 353 trades.

The stock hit an intraday high of Rs. 488.10 and intraday low of 478.20. The net turnover during the day was Rs. 3828529.00.

Source : Equity Bulls

Keywords

UFLEX INE516A01017 Egypt PostConsumerRecyclingPlant Commissioned