As U-Flex launched a couple of new products in the printing machinery, the company is now looking at a target of about 2 billion packs in FY19 which will lead to a revenue of around Rs 350 crore. The company can currently produce about 3.5 billion packs.

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"Any aseptic packaging business is a slightly longer business to get the customers in", said Rajesh Bhatia, Global CFO of U-Flex.

The prices for biaxially oriented polyethylene terepthalate (BOPET) Films are almost following the raw material prices which have gone up from about Rs 62 at the start of the year to about Rs 73 now. So the BOPET prices have improved first in line with that and secondly the BOPET is now clearly seeing a demand supply equilibrium which has also led to improved margins for BOPET products across all the companies, he said.

"The price ranges between Rs 120 and Rs 122 which is still lower than the landed price of the imported products. Difference between landed imported prices and domestic prices is Rs 5-7", he added.

First Published:Mar 14, 2018 8:29 AM IST