Uflex buoyant about business prospects in Virginia, US

Flexible packaging giant Uflex hosted His Excellency Governor, Commonwealth of Virginia, Honorable Terry McAuliffe during a visit to its headquarters in Noida. McAuliffe was on a business mission to India meeting successful and progressive organisations that have been expanding globally.

18 Nov 2015 | 5182 Views | By Rahul Kumar

Uflex became an apt choice with international operations and transactions accounting for 54% of Uflex’s total revenue during the financial year 2014-15. Notably, the sales revenue from Uflex’s Kentucky operations in the US during FY 2014-15 stood at approximately USD 137 million out of the total consolidated revenue of around USD 1 billion.

Ashok Chaturvedi, chairman and managing director, Uflex, said, “We had a very fruitful discussion with Terry McAuliffe and his delegation. Uflex’s three-pronged approach of fostering innovation to create differentiation; proximity to customers and the ability to offer the entire gamut of end-to-end flexible packaging solutions globally augurs well with Virginia’s business prospects. We are excited to take this discussion to the next level. It is extremely heartening to see a close coordination for enhancing business ties between India and the US, particularly when my country and Brand India is making great strides under the aegis of Narendra Modi.”

Interacting with the leadership of Uflex, His Excellency, Governor of Virginia, said, “We are indeed very pleased to meet Uflex and are excited to see their capabilities in the realm of flexible packaging business globally. We invite and welcome Uflex to set up business in Virginia and assure them of full cooperation and support from our side.”

Over the years Uflex has emerged as one of the strongest global players in flexible packaging and plastic film manufacturing, with state-of-the-art plants in India, Dubai, Poland, Egypt, Mexico and Kentucky and with cumulative installed capacity in excess of 435,000 tpa. Uflex serves as a one-stop shop flexible packaging solution provider across varied sectors spanning the US, Canada, South America, the UK, Europe, Russia, the CIS countries, South Africa and other African countries, Middle East and the South Asian Countries. Today, Uflex enjoys a formidable market presence in over 140 countries across the globe.

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