Flex America S.A. de C.V., a manufacturer of polyester and metalized films, will invest US$ 9 million this year in the expansion of its production line in Altamira, Gonzalo Aleman, secretary of Economic Development of the municipal government, announced. This investment is accompanied by the opening of 50 new jobs.
Flex America, a subsidiary of Uflex Limited based in India, manufactures polyester chips, bi-axially oriented polyethylene terephthalate (BoPET), special grade polyester film, as well as aluminum oxide (AlOx) coatings, flexible laminates and pouches.
In 2019, the company will celebrate 10 years of operations in Altamira with an output goal of 72,000 tons of products. At least 60% of the production in Altamira will be exported to the United States, Central and South America and the rest is for national consumption.
The Altamira plant, in which US$ 150 million were invested for its construction, is one of the 13 manufacturing sites worldwide.