Eminence Business Media

Eminence Business Media

Monday, February 17, 2020

UFlex closes a quarter of innovations, milestones and progress, with multiple product launches

India’s largest multinational flexible packaging company and a global player in polymer sciences, Uflex has 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.

Reinforcing the efforts by the company towards sustainability, Ashok Chaturvedi, Chairman & Managing Director, UFlex Ltd. 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.”

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 towards a brighter future. Rotogravure Printing Press Designed to Print on Aluminum Foil- ‘Rotoflex Stanmas 20’ is an engineering innovation by UFlex that strengthens the portfolio of Rotogravure printing machine it already offers.  This machine can be used for printing multiple substrates and can print on aluminum foil of varying thickness as well as other substrates spread over polymer family and paper. The ideal printing speed on the machine is 150 meters/minute for aluminum foil, while other substrates can run up to 200 meters/minute. The press that prints with solvent-based inks, also comes affixed with the unique feature of an Electrical Heating. Suitable for narrow web application, Rotoflex Stanmas 20 is a mechanical line shaft that can stretch up to 8 colours configuration. UFlex has developed the machine with technical inputs from MRG Grafomac of Italy and in-house design team. Kalyar Replica, a leading flexible packaging convertor in Bangladesh, has been the first buyer of a special purpose 4-colour Rotoflex Stanmas 20 for pharma packaging.