Category Archives: business

Uflex Posts Highest Ever Quarterly Production Volume

Uflex Posts Highest Ever Quarterly Production Volume; Robust Net Revenue for Q2 FY18-19 Backed by 10.6% Y-O-Y Surge in Sales Volume

03 November 2018, Noida, Uttar Pradesh(India): India’s flexible packaging giant, Uflex Limited reported 10.6% increase in overall sales volume on year-on-year basis, thereby achieving highest ever consolidated net revenue of INR 2020.8 crore for the quarter ended 30 September 2018. The consolidated net revenues showed a jump of 26% from INR 1603.8 crore in the same quarter last fiscal. Uflex also achieved the highest ever quarterly total production volume of 102442 MT.

The consolidated EBITDA for Q2 FY18-19 increased by almost 12% Y-O-Y to INR 264.6 crore from INR 236.5 crore. The consolidated net profit for Q2 FY18-19 at INR 95.7 crores was higher by 1.5% Y-OY.

Uflex biodegradable film Flexfresh slows down deterioration of exported fruit trees – Reports Plásticos em Revista | September 2018 Print edition

Uflex’s Waterless Internet Flower Packaging Wins Top Honors at Sustainability Awards 2018

24 October 2018, Noida (Uttar Pradesh): Waterless Internet Flower Packaging, a remarkable breakthrough in packaging of flowers by Uflex, was pronounced winner of the overall ‘Best Sustainable Packaging Innovation’ Sustainability Awards 2018. It also emerged as a front runner in the ‘Resource Efficiency’ category that honors innovations in packaging that do more with less, such as down-gauging material or reducing the carbon footprint without increasing the environmental impact of the packaged products. Uflex’s entry won both the awards at the Sustainability Awards ceremony that took place yesterday at Scanpack in Gothenburg, Sweden.

Sustainability Awards, hosted by Packaging Europe, is a comprehensive and rigorously judged initiative that recognizes the packaging industry’s top achievement in innovative packaging design, material, technologies and processes. The competition challenges the industry to take a holistic approach to sustainability and to bring out the best ideas around improving the environmental footprint of packaging.

Dow’s 2018 30th Awards for Packaging Innovation for Waterless Internet Flower Packaging by Uflex

Vijay Yadav & Anand Prakash Gupta from FlexFilms received the Dow’s 2018 30th Awards for Packaging Innovation for Waterless Internet Flower Packaging by Uflex that was adjudged the Diamond Finalist. The award ceremony was held at PackExpo, Chicago.

Waterless Internet Flower Packaging is based on Active Modified Atmospheric Packaging Technology (AMAP). Uflex has engineered a special proprietary patented polymeric film to offer a packaging solution for fresh fruits, vegetables and flowers.

Uflex’s Chaturvedi: “Multi-layer plastic packaging is 100% recyclable” – Reports PrintWeek India | Oct 2018 Print edition