Monthly Archives: August 2017

Uflex launches Low Opacity, Good Gloss White, Anti-Static Twist Wrap Polyester Film

Candy and confectionery are high impulse buying items therefore the importance of aesthetical packaging thereof cannot be emphasized enough.

Anybody would know whatmango, orange, pineapple or for that matter any other flavored lozenges packed in transparent twist wraps look like! We have all relished them at one point or other in our lives. The confectionery industry has gone a sea change over the years and has now started demanding for packaging that besides protecting the product also imparts stunning looks to it.Uflex launches Low Opacity, Good Gloss White, Anti-Static Twist Wrap Polyester Film

With this problem statement at hand the Films Business of India’s largest multinational flexible packaging materials and Solutions Company Uflex Limited has engineered Low Opacity, Good Gloss White Anti-static Twist Wrap Polyester Film FLEXPETTM F-WTG-AS. This bi-axially oriented polyethylene terephthalate (BOPET) Film as the name suggests is low opaque/ translucent and has good gloss.

Talking about this new film Mr. J.K. Sharma, DGM Technical Service and New Product Development (Films) at Uflex said, “Convertors catering to candy /confectionery brands had been asking for a white glossy substrate with low opacity for imparting superior aesthetics to their packaging! The daunting challenge however was that, if you make a white opaque film the gloss quotient goes down. Owing to our special proprietary resin formulation we have been able to engineer a white background film which is translucent (less opaque) and offers high gloss too.It is for our special FDA approved food compliant anti static coating recipe that the film exhibits excellent machinability on printing and twist wrap machines. The film can be surface printed or can be metalized for that matter as per the requirements of the buyer. The unprinted substrate by itself can also be readily used by the brands to twist wrap their candies/ confectioneries.”

Explaining more about the new film, Mr. Pramod Sirsamkar, President – Technical & New Product Development (Films), Uflex Limited said, “Besides having superior handling and high mechanical properties the film has a zero memory (i.e. excellent twist retention) and is eco-friendly. Since the density of the new substrate is lesser as compared to the conventional white twist wrap film, its yield is more. Further since the Low Opacity, Good Gloss White Anti-static Twist Wrap Polyester Film is a monolayer structure it can be easily recycled thereby contributing to the circular economy. There is a promising demand for this new film in the European and CIS Countries and is gradually picking up in other continents too. Here one must note that the conventional white twist wrap film in its own right also has a great demand. It will be incorrect to say that the new film is a replacement of the conventional white twist wrap film. Both the films have well defined mutually exclusive markets. We formulated this film at our manufacturing plant in Dubai and can manufacture it at any of our locations.”

Speaking about the newly launched substrate, Mr. Ashok Chaturvedi, Chairman & Managing Director Uflex Limited said, “With incessant R&D supported by the most contemporary and cutting edge technology, my engineers never ever fail to delight our clients by addressing their pain points with the most optimized and sustainable packaging solutions. Low Opacity, Good Gloss White Anti-static Twist Wrap Polyester Film adds a whole new dimension to candy/confectionery packaging.”

UFLEX DEVELOPS SPECIALITY POLYMERIC FILM TO REPLACE NYLON SUBSTRATE

Uflex Develops Speciality Polymeric Film

Uflex and Implementation Partners honoured with Bureaucracy Today CSR Excellence Award 2017

Bureaucracy Today CSR Excellence Award 2017In a packed to capacity auditorium at Le Meridian New Delhi,with influential personalities from the Government and Corporate sectors, including Union Ministers, Ambassadors, Corporate Honchos, MPs, Senior Secretaries, Top Bureaucrats in attendance, Uflex Limited in association with its implementation partners Fiinovation and AROH Foundation was conferred with the Bureaucracy Today CSR Excellence Award 2017 for its Environmental Sustainability intervention “Conservation of Natural Resources and Optimization of Ecosystem”.

Notably the Flexible Packaging behemoth has rolled out its Environmental Sustainability initiatives in a few villages of Gautam Buddha Nagar District of Uttar Pradesh and one village in Bhind District of Madhya Pradesh with an overarching goal of capacity building of the community to conserve and optimize the natural resource base through ex-situ rainwater harvesting and tree plantation adopting the Participatory Rural Appraisal methodology. Special emphasis is laid on community training and sensitization for school children and other rural stake holders for judicious and responsible use of natural resources.

Some of the Big Names that were felicitated alongside Uflex on 22nd August 2017 for their remarkable contribution towards the society during FY 2016-17 include Tata Capital Limited, Aditya Birla Financial Services Group, JSW Foundation, SBI Foundation, Sony India Private Limited, Hindustan Coca Cola Beverages Pvt. Limited, BHEL, Shoppers Stop Limited among several others.

Out of the 339 leading corporate houses that had submitted nominations this year only 25 could make it to the finals among various categories.

The awardees were chosen by a panel of eminent personalities comprising Steel Secretary Aruna Sharma, IAS, Heavy Industries Secretary Girish Shankar, IAS, eminent industrialist and philanthropist Aruna Goenka and IIMC Director General KG Suresh. Bhaskar Chatterjee, IAS (Retd), was the Chairman of the Jury. Chatterjee, who is widely acclaimed as the father of the Corporate Social Responsibility in India, was instrumental in framing and issuing the CSR guidelines for Public Sector Enterprises back in April 2010.

Expressing joy on his company being honoured with the coveted title Mr. Ashok Chaturvedi Chairman & Managing Director, Uflex Limited said,“At Uflex we ascribe utmost importance to our responsibility towards the environment and society. I am glad that in the first year of our association with AROH Foundation and Fiinovation, we have been able to put up two model villages in our endeavour to demonstrate tangible interventions for conserving water and optimizing the village ecosystem. I sincerely thank the Jury of BT-CSR Excellence Awards for this great honour. I am more happy about the fact that the details of our intervention are being published through the columns of Bureaucracy Today magazine which will be a great help in disseminating tried and tested good practices for others to replicate and scale up for the larger good!”

CFO must focus on how the company can enhance shareholders’ wealth

DSI-1-2

Uflex registers 8% bottom line growth (Y-O-Y) during First Quarter of FY 2017-18

Untitled-5India’s largest multinational flexible packaging materials and Solution Company, Uflex Limited has clocked 8% bottom line growth (Y-O-Y) during the quarter ended 30th June 2017. Figuratively the Consolidated Net Profit stands at Rs. 93 Crore as compared to Rs. 86 Crore during the first quarter of FY 2016-17.

At the operating level, Consolidated EBITDA rose by 4% to stand at Rs. 236 Crore as against Rs. 228 Crore during the same period in the previous fiscal.  Consolidated Total Revenue for the first quarter of the current financial year is Rs. 1624 Crore as against Rs. 1516 Crore in the same quarter last financial year thereby registering a 7% top line growth (Y-O-Y).The total sales volume also grew by 5% as compared to the first quarter of FY 2016-17.

Innovation to create value added differentiation is the cornerstone of Uflex Limited’s business strategy and the company keeps developing and launching newer films and packaging products that contribute to the overall financial growth of the organization.

In an official document released soon after declaring the Q1 Earnings, Mr. Ashok Chaturvedi, Chairman & Managing Director, Uflex Limited said, “The Financial Year 2017-18 has started off on an assuring note! Our aseptic liquid packaging material manufacturing plant at Sanand, Gujarat has been commissioned. This has completed our product offering bouquet in its entirety. You will be glad to know that with this your company now stands in a good stead to offer end to end flexible packaging solutions for solids, non-aerated liquids, semisolids, viscous fluids, gels, pastes, granular material, powders among others. This feat will further strengthen your company’s competitive edge in the flexible packaging industry.  On the innovation front, we launched several products in the quarter ended 30 June 2017 that continued to add value to the businesses of our esteemed clients globally.

I always tell my team that the solution lies in the womb of the challenge itself and that every challenge should be seen as an opportunity to tangibly improve our products and services in the best interest of our clients. I am glad to let you know that this doctrine is deeply ingrained in the cultural fabric of Uflex that keeps the entire team aligned with the corporate vision of being a leading company and preferred supplier for providing flexible packaging solutions to customers across the world maximizing value for all stakeholders!”