Monthly Archives: November 2016

Uflex Finalises Comexi Holographic Laminator at K

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Comexi, the specialist of flexible packaging conversion machinery announces sale of a new Comexi Futura to Uflex Limited, India’s largest multinational flexible packaging materials and Solution Company. The deal has been closed at K exhibition in Düsseldorf (Germany).

Comexi Futura is a versatile machine designed to offer a greater value to the product, thanks to all its finishing options. It guarantees a holographic finish through recognized Cast & Cure technology creating a highly attractive visual register effect using a UV lacquer without the need for laminating and is completely free of Volatile Organic Compounds (VOC). It also offers copy protection to guarantee the genuineness of packaging. Comexi Futura allows cold-foil application, UV laminating, different coatings to give an attractive finish to the product, and the possibility of solvent less laminating.

With this new deal, Uflex has made its 3rd Comexi Futura purchase over the last year and this may increase according to the flexible packaging giant’s growth plans in the coming years. The relationship between the two organizations dates back to 2007 when the first Comexi NEXUS laminator was installed at Uflex. Now, almost a decade later, these ties are still throbbing with the sale of more than 20 value
added machines.

Comexi President, Mr. Manel Xifra expressing his pleasure over the new deal said, “We are proud to have become a close supplier for Uflex and are working towards developing new ways to increase our collaboration”.

Mr. Ashok Chaturvedi, Chairman & Managing Director, Uflex said, “The trust between Uflex and Comexi has grown over the years and has contributed to our journey of being ahead of competition.”

Source: https://goo.gl/R6ZirY

QUAD SEAL REGISTERED GUSSET POUCH BY UFLEX LTD.

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Uflex reports 16% jump in net profit for Q2 FY 2016-17 (Y-O-Y); Volumes are up too!

India’s largest multinational flexible packaging materials and solution company Uflex Limited declared the earnings for quarter ended 30 September 2016 today. The consolidated net profit at INR 90.4 Crore has gone up by 16% when compared to the same quarter, last fiscal. EBITDA rose by 6% and stood at INR 233.1 Crore. Consolidated total revenue at INR 1559 Crore in Q2 FY 2016-17 is 2% higher than the levels registered in the same period during FY 2015-16.

In terms of the H1 FY 2016-17 numbers, the consolidated net profit is up by 15% at INR 176.6 Crore as compared to H1 FY 2015-16. EBITDA stands at INR 461.5 Crore as opposed to INR 439.9 Crore last fiscal thereby registering a 5% growth. The top line however is a tad lower by 1% and stands at INR 3097.7 Crore compared to the first half of the previous financial year.

Commenting on Q2 results, Mr. R.K. Jain, Group President (Corp. F & A) Uflex Limited said, “Our raw material prices are linked to crude oil prices. The downward pressure of raw material prices over the past few quarters has been retaining the selling prices of the goods on the downside. Therefore you will see that while the volumes have grown, the total revenue has not shown growth during the period.

The volume of packaging films has gone up by 14% during the reporting period w.r.t. Q2 FY 2015-16. Volume of packaging products has gone up by 5% during Q2 FY 2016-17 when compared to the same period in the previous financial year. Thus we have registered a 12% growth in overall volume Y-O-Y.

If you look at the H1 FY 2016-17 numbers our volume of packaging films has gone up by 9% and the volume of value added packaging products have increased by 1% thereby registering an overall volume growth of 7% Y-O-Y.
The bottom line has risen by 16% on the back of innovative and value added packaging products that we have been continuously introducing both in India and overseas.”

In the investors’ communique released soon after declaring the Q2 results, Mr. Ashok Chaturvedi, Chairman and Managing Director, Uflex Limited said, “As we approach the completion of commissioning our Aseptic Packaging Plant at Sanand – Gujarat, excitement is building up by the days. I am pleased to inform you that the civil work is almost complete and installation of state-of-the-art machines is underway. With steady progress at site, the plant will be commercially operational by April/May 2017. Encouragingly great interest has been pouring in for liquid packaging solutions from some of the leading F&B brands. We see our new product offering fruitfully extending our ties with existing clients besides bringing many more on board.

The schedule of activities related to our technological collaboration with Comiflex SRL Italy for manufacturing geared and gearless C.I. Flexo Printing Machines at our Engineering Plant in Noida is progressing well and we hope to come up with the first machine by the end of this financial year.

Talking about our commitment towards sustainability infused innovation; we have engineered the 9.5 micron PET AlOx Speciality Film. Manufactured at our plant in Mexico, not only is the film transparent but it also offers extremely superior barrier properties. The R&D team has successfully restricted both Water Vapour Transmission (WVTR) and Oxygen Transmission Rates (OTR) well below one. The film is substantively down-gauged without diluting the performance and machinability. The product has been well received by the market.

In the coming months you will get to hear about many more product innovations and process improvements that will take your company to newer heights.”

Major breakthrough for Uflex’s FlexfreshTM liner bags in Europe

Blue berries

The proof of the pudding is in the eating!!! This is exactly what FlexfreshTM liner bags by India’s largest multinational flexible packaging materials and Solution Company Uflex Limited, have just proven. Recently a prominent European Retail Chain conducted a litmus trial with FlexfreshTM liner bags by shipping blueberries from South America to Europe. This journey usually takes more than 5 weeks by sea. The results have been MORE THAN ASTOUNDING! While the loose blueberries resulted in an average weight loss of 19.96%, those packed in FlexfreshTM shed merely 0.76% weight after a period of 7 weeks, thus registering a phenomenal 96% reduction in weight loss upon arrival.

Notably FlexfreshTM works on the principle of Active Modified Atmospheric Packaging (AMAP) – a solution that Uflex has launched globally in collaboration with the Perfotec B.V of The Netherlands. While FlexfreshTM is a special patent protected polymeric packaging film manufactured by Uflex for packing fresh fruits, vegetables and flowers; Perfotec supplies the Fast Respiration meter for ascertaining the respiration rate of the fresh produce and the associated software for calculating the required film permeability. The Perfotec laser system subsequently uses this information to adapt the permeability of the film offered by Uflex through micro perforations. This solution maintains the ideal Oxygen and Carbon Dioxide inside the liner bags to maintain freshness and extend shelf life of the product.

In the recently held trials, the objective of the retail chain was to ascertain if it was possible to ship and store the soft fruit (blueberry) for 7 weeks in a Flexfresh™ liner bag. The blueberries were packed in punnets with and without FlexfreshTM liner bags. In a separate lot, loose blueberries were packed with and without FlexfreshTM liner bags. After 7 weeks the blueberries in the liner bags were found to be good, firm, crunchy and tasty. However those packed in a controlled ambience had most of them collapsed and mouldy.

The results also established that pre-packing itself is not enough as it can address the issue of weight loss but not quality. Punnets with and without liner bags resulted in 0.76% and 2.56% weight loss respectively. Both these figures are significantly lower than the 19.96% weight loss registered in case of loose blueberries. The punnets that were not using liner bag still showed the same quality problems like mouldy blueberries.

Upon successfully testing Flexfresh™ liner bags for sea freight of blueberries Mr. N. Siva Shankaran Vice President, Flexfresh™ at Uflex Limited said, “This test indeed is quite a feat and has instilled a lot of faith in our Flexfresh™ packaging solution. More business queries are flowing in. The recent trials have successfully established a shelf life of 7 weeks for the soft fruit without using sulphur pads that cause irritation while consuming. The European Retailer is confident that Flexfresh™ Liner bags for blueberries from the Southern Hemisphere would be used for all shipments in a short span of time. Supplying blueberries by sea will significantly bring down the logistical costs for the importer. It is a clear win-win both for the exporters in South America and the importers in Europe thereby boosting the trade prospects on the whole.”

Expressing delight over the successful trials of FlexfreshTM for blueberries, Mr. Ashok Chaturvedi, Chairman & Managing Director, Uflex Limited said, “Our association with Perfotec B.V. for bringing contemporary Active Modified Atmospheric Packaging Solution to the world is graining traction by the days. More and more product trials are taking place. The success rates are encouraging. I would like to congratulate and thank the engineers both at Uflex and Perfotec for their unrelenting efforts to bring such an effective packaging solution that is already calling the shots in the global fresh produce sector.”

Uflex keeping the GREEN promise

Sustainability

Being India’s largest multinational flexible packaging materials and Solution Company; Uflex has always led by examples. Our promise for environmental sustainability governs our business practices across verticals and locations.

Reduction at source and Down-gauging is a cult at Uflex. We consciously make R&D efforts to down-gauge the polymeric substrates that lead to light-weighting of laminates. We have successfully developed plain/heat sealable BOPP films as thin as 8 micron; BOPET films with 6.5 micron thickness and heat sealable 12 micron metallized BOPP films that are suitable for printing and lamination. These films possess comparable machinability parameters to conventionally thicker films and provide significant source reduction ranging from 33% to 47%. These films have much lower carbon foot-print than the films they replace.

We have engineered GREEN PET films wherein PTA is manufactured from the oxidation of p-xylene while GREEN MEG is manufactured from ethanol obtained from agro based source. This film does not contain any MEG which is conventionally made through the crude oil route. This green polyester product has won several national and international awards.

Yet another Green product is rPET Film which contains up to 30% post-consumer recycled PET resins obtained from re-processing post-consumer PET waste like used PET bottles which otherwise would have been consigned to landfills. rPET films are USFDA and EU compliant for direct food contact having the same properties as films made from virgin PET resins.

We have recently engineered 9.5 micron PET ALOx transparent film which is the thinnest coated film ever and has enhanced barrier properties with WVTR and OTR both significantly less than 1.

FlexfreshTM film that we have developed for keeping freshness of fresh produce intact is a biodegradable (by composting) film working on Active Modified Atmospheric Packaging technology.

Upholding our commitment towards circular economy, we have developed a technology for reprocessing the waste arising out of production of various flexible packaging products. This helps in reduction of material waste at the landfills underscoring the importance that we ascribe to environment and sustainability.

These are just some of the very many ways in which we support environmental sustainability.

At Uflex innovation and sustainability go hand in hand keeping the ‘GREEN’ Promise by Using renewable resources; Maximizing post-consumer recyclate usage; Reducing all-production waste; Reusing all-production waste; Using all non-recyclable waste to produce energy and Progressively optimizing energy consumption.