UFlex, India’s largest multinational flexible packaging company and a global player in polymer sciences, today declared its earnings for the quarter ended 31 December 2019. Its consolidated net profit was up 56.7% YoY at INR846,000,000.

Reinforcing the efforts by the company towards sustainability, Ashok Chaturvedi, chairman and managing director, said, “The industry led by UFlex has got together to form Multi-Layer Plastics Films Sanitation Trust (MLPFST) that is partnering with state governments to set up municipal solid waste sorting and segregation plant that will separate the plastic recoverable from mixed garbage via automated technology and recycle MLP waste into granules for making various plastic items including buckets, mugs, flower pots, outdoor furniture and many more.

“MLPFST has started off this project with the set-up of a pilot plant in Bengaluru and another one to be established at a leading tourist destination in North India later. This step validates our efforts to lead our industry in changing the myth around plastic and ensure that plastic reaches the right stream for its recovery.”

There are a number of key product launches that UFlex feels will change the way the market functions.

New products by Chemicals to promote sustainability

With an objective to promote sustainability, UFlex Chemicals Business launched three new products for the global markets that included:

Engineering innovations for pharma packaging

In order to value add to the pharma industry, the Engineering business of UFlex developed machines that further push the pharma packaging industry towards a brighter future:

A stylish revival to aseptic packaging with lens effect

UFlex launched a cutting-edge packaging solution with lens effect called ‘Asepto Eye’ for the beverages segment. Asepto Eye is a ripple concave lens and single lens technology that gives 3D effects on the aseptic packs. These lenses come in various sizes and shapes and offer bespoke artwork, as per the brand owner’s requirements. The newest offering from Asepto gives myriad choices to beverage manufacturers to be distinct on the shelves, and also add a premium value to their brand through UFlex packaging.

Aesthetic enhancement and anti counterfeit solutions for labels and stationery industry

With its range of advanced holographic solutions developed, UFlex is ready to give a facelift to the books, labels and stationery, cartons and textile industry.

Laser embossed cylinder for hand embossing effect

Getting hand embossing effect on a table cover, curtain and wall paper have been made possible with the launch of Laser Embossed Cylinders by UFlex. Targeting niche markets with this product, the Cylinder Business of UFlex is already witnessing an upsurge in demand in the domestic as well as international markets.

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