UFlex closes FY 2020-21 on a high note

UFlex has declared its annual results for fiscal 2020-21 and quarter ending March 2021. With packaging taking the center stage in pandemic-affected 2020, UFlex rose above the challenges to post exemplary performance, and achieved the highest ever production and sales volumes, revenue and profitability in the quarter as well as in FY2020-21.

30 Jun 2021 | By Rahul Kumar

The non-stop turret-based slitting machine which UFlex developed during FY 2020-21

Ashok Chaturvedi, chairman and managing director, UFlex said, “Our business network has weathered the disruption whilst also demonstrating resilience to cope with the ever-changing demands of the sector. We commissioned three of our projects in FY2020-21, a BOPET film line in Russia and Poland each; and a new BOPP film line in Egypt with 42,000 TPA capacity, thus gaining an even wider reach globally.”

He added, “The pandemic did not dampen our focus on ESG practices and we continue to accentuate our efforts on this front. After the success of post-consumer multi-layer mixed plastic waste and PET bottle waste recycling lines at Noida, we are in the process of replicating these at our overseas locations, at an even larger scale. At our Mexico facility, we are setting up plant to upcycle post-consumer PET bottles waste into high recycled content polyester PCR films, for flexible packaging applications and also propose to set up facilities to recycle post-consumer multi-layer mixed plastic waste to make molded, injection molded and extrusion molded components, both of which shall contribute to a circular plastic economy. In Poland, again, we are setting up plant to recycle post-consumer multi-layered mixed plastic waste to make various molded components.”

UFlex also displayed its commitment towards sustainability and innovation by developing a host of new cutting-edge offerings for a better future.

In the flexible packaging business, the company developed new sustainable laminate structure with reduced plastic use. The new laminate offers good machinability and increased laminate yield. In flexible packaging, the company also developed improved packaging structure for Paper Boat Swing 150 ml juice range, revamped structure for fast-food packaging, and developed spout packaging format for decoction coffee.

In the aseptic liquid packaging business, Radico collaborated with Asepto to launch blended whiskey in new aseptic packs.

In the chemicals business, UFlex developed high-quality UV LED Flexo ink series for narrow web printing and Flexmatt paper effect OP ink.

In the holography business, the company developed token for paint industry, patch embroidery with hotmelt film for textile industry, and CPP glitter film for décor.

In the engineering business, UFlex developed three new applications established in multi-track machines for sachet market, solvent-less laminator with registered lamination, and non-stop turret-based slitting machine for BOPP pancake.

In the packaging films business, the company developed ultra-high barrier transparent AlOx BOPP film B-ULX for dry food packaging, sustainable transparent high heat resistance BOPP film with exceptional oxygen blocking, outstanding barrier metallised BOPP film B-UHB-M suited for aluminum foil replacement, and direct embossable polyester film F-EMB to boost aesthetics.

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