Uflex closes a quarter of innovations and milestones

By 14 Feb 2020

Uflex, India’s largest multinational flexible packaging company and a global player in polymer sciences, declared its earnings for the quarter ended 31 December 2019 on 13 February. Its consolidated net profit was up 56.7% YOY at Rs 84.6-crore.

Ashok Chaturvedi, chairman and managing director, UFlex

Reinforcing the efforts by the company towards sustainability, Ashok Chaturvedi, chairman and managing director, UFlex, 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.  The 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.”

Meanwhile, with an objective to promote sustainability, Uflex Chemicals Business launched three new products for the global markets that included, Flexseal Blister Coating, a water-based PUD used as heat-sealable paperboard overprint varnish for sealing PET or PVC blisters and fold-over packages; aqueous narrow web inks, especially created to replace solvent-based wide-web flexo inks for high-end food packaging applications and aqueous water resistant OPV for deep-freeze and food wrap application.

In order to value add to pharma industry, the Engineering business of Uflex developed machines that further push the pharma packaging industry. This includes the ‘RotoflexStanmas 20’, which can be used for printing multiple substrates and can print on aluminium foil of varying thickness as well as other substrates spread over polymer family and paper. The ideal printing speed on the machine is 150-m/min for aluminium foil, while other substrates can run up to 200-m/min. The press that prints with solvent-based inks also comes affixed with the unique feature of an electrical heating.

Events

Oct
08

ProPak India 2020 NEW!

Oct 08 - 10 Oct 2020
Pragati Maidan, New Delhi

Latest Poll

The biggest question on the top of your mind during the 50 days of lockdown?