Uflex share price up 6% after commissioning CPP film production at Russian facility

Uflex Share Price | Flex Films Rus LLC, Russia, a step-down subsidiary, has commissioned CPP film production line with its installed capacity of 18000 MT per year on April 1

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Uflex share price rose 6 percent in the opening trade on April 2 after the company commissioned a CPP film production line at its Russian step-down subsidiary.

At 9.24am, Uflex was quoting at Rs 447, up Rs 25, or 5.92 percent, on the BSE.

Flex Films Rus LLC, Russia, a step-down subsidiary of the company, has commissioned CPP film production line with its installed capacity of 18,000 MT per year on April 1.

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On March 31, the company has achieved the commencement of commercial production of manufacturing facility at Panipat in Haryana with an installed capacity of 1,68,000 MTPA.

The Haryana facility to manufacture Poly Condensed Polyester Chips to be used as raw material for the BOPET packaging films/sold to third party customers.

The share touched a 52-week high of Rs 499.85 on December 28, 2023 and a 52-week low of Rs 335.35 on April 3, 2023. The stock is trading 10.57 percent below its 52-week high and 33.29 percent above its 52-week low.

The share price rose 30 percent in the last one-year.