Monthly Archives: November 2014

IMPROVISING FLEXIBLE PACKAGING—INNOVATIONS AND ADVANCEMENTS IN EXISTING PRODUCTS

Flexible packaging has made lives easier for on-the go consumers with its high standard of functionality and sustainability. This factor is what has helped stoke the flexible packaging industry all over the globe. Today, an abundance of pouches can be found in super marts, grocery stores, shopping aisles etc.

Innovative structural design has been the cause of this benefit. Pouch packaging gives the liberty to mould it into unique sizes and shapes, is functional and convenient. Considering the popularity, flexible packaging manufacturers are regularly brainstorming in order to find new applications and to cater to a growing customer base. Unlike other packaging formats that cater to a limited set of products or to a niche segment the usage of flexible packaging is vast and versatile. No wonder, that this form of packaging has been recognized as the most useful packaging format in today’s age.

With plastic packaging being accepted in nearly every product segment, its important that the flexible packaging manufacturers device innovative and improvised packages to attract the brand owners and consumers. Some of the recent innovations and advancements that the packaging industry has seen are:

  • Co extrusion- It allows the manufacturer to prepare a multi functional packaging material in one manufacturing process as compared to traditional method of lamination and coating. Co extrusion method helps the plastic manufacturer lower the production cost involved in traditional lamination.
  • In-mold labeling- Technologies like bioplastics and nanoparticle layered plastic packaging are also slowly gaining ground owing to the increased awareness on sustainability. The Indian packaging sector has witnessed a fast growing inclination towards flexible packaging over other traditional forms owing to the light weight and functionality of plastic.
  • Modified Atmosphere Packaging (MAP) – This technology helps the packaged food with increased shelf‐life of minimally‐processed foods. By modifying the internal environment of the package, the natural deterioration of the product is slowed down—preserving its fresh state for a longer period of time.
  • Another factor propelling the growth of the stand-up pouch as opposed to the metal can is the Aseptic packaging. This technology helps sterilize the package and the food product separately and then combine and seal it under a sterilize environment. This trend is fast picking up and is expected to lead in the coming year
  • Temperature variations in packed food can result in compromising its safety and quality. Driven by rapid advancements in time-temperature indicators (TTI), intelligent packaging is anticipated to witness a strong growth. This system could be able to detect food contamination and change of color incase the food is not fit for consumption by the consumer. Uflex Ltd is striving to provide smart, intelligent packaging solutions to the consumers with state of the art packaging and converting machines.
  • Rotogravure printing is the latest in printing technique. Manufacturers can get vibrant and clear logos and designs through this technique. Flexible packaging, being relatively new, combines very well with rotogravure printing.

Globally, the use of pouches for snacks grew by 7% in the year 2012-13. Pouches for sauces, juices registered a growth of 20% in the same duration. Other categories like baby food, side dishes grew by 102% and 58% respectively in the same period. Pouch packaging also saw a 32% growth in the pet food segment in the duration 2009-13.

The Indian flexible market which was worth Rs. 14,000 crores in 2011 is expected to reach Rs. 22,950 crores in 2015.  As the numbers indicate, flexible packaging is attracting companies and consumers alike. Factors like cost effectiveness, sustainability, convenience etc all add to its value proposition. For this reason, flexible packaging will continue its growth over other types of packaging.

Uflex Ltd., India’s largest flexible packaging company has contributed greatly in both domestic and international food packaging market with its innovative and world class flexible packaging solutions, a variety of value added flexible packaging material and sophisticated products. The company believes that the greatest improvement in the packaging industry is the flexible packaging and strives to provide smart, intelligent packaging solutions to the consumers with state of the art packaging and converting machines. In this regard Uflex Ltd., is privileged to contribute to society by producing a variety of value added flexible packaging material, sophisticated products including films like BOPET, BOPP and CPP; state-of-the-art packaging and converting machines and rotogravure cylinders, thereby providing world class flexible packaging solutions to its customers.

UFLEX Ltd Q2 FY2014-15 Consolidated Net Revenue at Rs. 1671crore; and Net Profit at Rs. 65 Crore

Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India’s largest flexible packaging company has registered the Consolidated net revenue for the September quarter of F.Y. 2015 of Rs. 1671 crore as against Rs. 1516 crore for the same period last year, up 10%. The consolidated net profit for the quarter ended September 30, 2014 has been higher at Rs. 65 crore as against Rs. 46 crore for the same period last year up by 41%.

The increase in revenue is attributed to increased uptakeon innovative flexible packaging solutions provided by the company across sectors globally.

According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEXLtd, “We are committed to innovations and creatingnew trends thanks to the breakthroughs in Polymers research and raw material enhancements. With our ability to delight our customers with the latest packaging material, technology and a wide array of products, we have strong relationships with all our customers. This commitment has reflected in our sustained growth over the years.”

Expansion Plans

UFLEX’s agenda of global expansion and consolidation of its position as a truly Indian MNC (Multinational Corporation) is reinforced with its strategy of capacity expansion and adding manufacturing lines for various product categories across existing and newer locations to increase proximity to the markets, but also to bring broad portfolio of value added products to its clients at competitive price points. Accordingly, the Company has been working on its expansion plans and proposeto invest around Rs. 1800 crore (USD 300 Mln.) in next 3 years to achieve its growth plans in future.

Uflex’s strong manufacturing base in India, Mexico, Dubai, Egypt, Poland and USA caters to global markets spanning USA, Canada, South America, UK, Europe, Russia, CIS countries, South Africa and other African countries, the Middle East and the South Asian Countries.

The company offers its flexible packaging products and solutions globally to clients including Unilever, Pepsi, Wrigley, Procter & Gamble, Colgate, Palmolive, Nestle, Gillette, Ranbaxy, Perfetti, Joyco, Monsanto, ITC, Godrej Pillsbury, Tata Tea, Hindustan Petroleum, Indian Oil, Britannia, Dabur, Haldiram, Wockhardt, HUL, Parle Biscuit, Birla 3M, among others.