Tag Archives: ASHOK CHATURVEDI

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’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.

Uflex’s Chaturvedi: “Multi-layer plastic packaging is 100% recyclable”

Article Post: 07/09/2018 | Rushikesh Aravkar, PrintWeek India

“The good news is that multi-layer plastic packaging (MLP), even when it is printed, laminated and metallised, is 100% recyclable,” declared Uflex chairman Ashok Chaturvedi. He was speaking at the Speciality Films and Flexible Packaging Global Summit in Mumbai.

Chaturvedi said, “Uflex recognises its responsibility to the environment. It has been recycling all types of multi-layer packaging waste, in varied combinations and structures, successfully for the past two decades. It was awarded in Davos for this initiative way back in 1995.”

Uflex Asia’s Most Trusted Company 2018 by International Brand Consulting Corporation, USA

Uflex has been awarded Asia’s Most Trusted Company 2018 by International Brand Consulting Corporation, USA. IBC has conferred this recognition on Uflex in the category of Asia’s Most Trusted Packaging Solutions Company.

Multi Layered Plastic Packaging is 100% Recyclable – Ashok Chaturvedi at Pack Vision 2018, Agra

Imposing Incentives on Waste Collection can Make India the First Country that will be Free from Plastic Waste

Sept 08, 2018 Agra, Uttar Pradesh: Emphasizing the need for recycling of multi layered plastic packaging as a sustainable solution for flexible packaging industry, Ashok Chaturvedi, Chairman & Managing Director, Uflex Limited expressed his concrete views at Pack Vision 2018 hosted by Flexible Packaging Entrepreneurs’ Welfare Association recently. Flexible packaging, a 100 billion dollar industry, comprises the largest part of the total packaging industry growing at an average of 4.5 – 5 % globally.

There is a great deal of misconception on plastic being the mere culprit to cause harm to the environment by choking the gutters, affecting the Marine life and harming the birds and animals which consume the littered plastics floating around both on the land and sea. Multi layered plastic packaging is 100% recyclable and consumes minimum amount of energy in the process as compared to glass jars and metallic containers which consume 20 times more energy and causes much more pollution while converting glass into glass or metal into metal.