Indian UFLEX Ltd. Locates Manufacturing Plant in Elizabethtown, Kentucky
"It is our corporate mission to become one of the most admired companies in the global flexible packaging business. Toward this objective, our group philosophy has always been to progress through internal growth and better customer service by setting up new manufacturing plants as close as possible to our major markets using state-of-the-art technology and investing in global scales of production," said Ashok Chaturvedi, chairman of UFLEX. "We are very upbeat about our U.S. manufacturing venture and look forward to a lifelong and rewarding relationship with the commonwealth of Kentucky, whom we decided to partner with after a detailed evaluation of several potential sites in the USA, as they eminently fulfilled all our criteria. The USA is the world's largest and most technologically advanced packaging market, and our first manufacturing plant here will be a high point of our leadership ambitions in this business."
The Kentucky Economic Development Finance Authority has preliminarily approved UFLEX Ltd. for tax incentives up to $20 million through the Kentucky Business Investment program.
UFLEX produces flexible packaging. It expects the first phase of the project to be operational by the end of 2012.
Carver Maritime Expands Processing & Distribution Complex in North Charleston, South Carolina
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
What Should High-Growth Companies Look for in a Community?
Front Line: Trend Toward Microfactories Continues
A Changing Food Manufacturing Industry
2017 Food Processing
33rd Annual Corporate Survey & the 15th Annual Consultants Survey