# U-FLEX to expand Altamira plant with $300M investment

U-FLEX Limited announced a $300 million expansion of its plant in Altamira, Tamaulipas, Mexico, creating 800 direct and 1,500 indirect jobs. The expansion will be carried out in three stages between 2023 and 2026.

- Type: Expansion
- Announced: 2022-10-12
- Where: Altamira, Tamaulipas, Mexico
- Value: $300.0M
- Jobs: 2,300
- Status: announced
- Products: BoPET films for food packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [U-FLEX Limited](https://endata.com/companies/66349.md)

## Sources

- [elreportero.mx](https://elreportero.mx/2022/10/12/altamira-motor-del-desarrollo-de-tamaulipas/), 2022-10-12: "anunciaron la expansión de su complejo con una nueva inversión aproximada de 300 millones de dólares y la generación de 1,500 empleos indirectos y 800 empleos directos"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.