Pack­ing A Punch

Uflex's newly-launched plant in Gu­jarat fur­ther strength­ens the company's com­pet­i­tive edge in the flex­i­ble pack­ag­ing in­dus­try.

India Business Journal - - CORPORATE REPORT - IBJ BUREAU

Uflex, In­dia's largest multi­na­tional flex­i­ble pack­ag­ing ma­te­ri­als and so­lu­tions company, has re­cently added another feather in its cap. The company re­cently un­veiled Asepto, its asep­tic liq­uid-pack­ag­ing brand. De­rived from the word asep­tic, mean­ing ster­ile, Asepto en­sures that food re­mains free from bac­te­ria and other harm­ful mi­cro-or­gan­isms for at least eight months un­der room tem­per­a­ture.

Uflex has op­er­a­tionalised first-ofits-kind asep­tic pack­ag­ing plant in Sanand, Gu­jarat for pack­ing liq­uid prod­ucts with an ini­tial capex of ap­prox­i­mately Rs 580 crore in the first phase. This new fa­cil­ity has been de­signed for a max­i­mum ca­pac­ity of 7 bil­lion asep­tic packs per an­num, of­fer­ing pack­ag­ing so­lu­tions for non­aer­ated drinks, liq­uid dairy prod­ucts, juices and other bev­er­ages.

The asep­tic pack­ag­ing mar­ket in In­dia is ma­jorly clas­si­fied into three seg­ments - juices, dairy prod­ucts and liquor. Pack­ag­ing of flavoured milk, other dairy items and liquor in asep­tic pack­ag­ing ma­te­rial will play a key role in pro­pel­ling growth of asep­tic pack­ag­ing in the com­ing years both in In­dia and over­seas. Uflex's asep­tic liq­uid-pack­ag­ing man­u­fac­tur­ing plant has al­ready been com­mer­cially op­er­a­tional.

Global reach

Over the last three decades, Uflex has earned an ir­re­proach­able rep­u­ta­tion by defin­ing the con­tours of the pack­ag­ing in­dus­try in In­dia and over­seas alike. Since its in­cep­tion in 1985, it has turned into a bil­lion-dol­lar company, fo­cus­ing on trust, value creation for cus­tomers, qual­ity in­no­va­tion and cus­tomer sat­is­fac­tion.

Head­quar­tered in Noida, Uflex has state-of-the-art flex­i­ble pack­ag­ing ma­te­rial man­u­fac­tur­ing fa­cil­i­ties at mul­ti­ple lo­ca­tions in In­dia with in­stalled ca­pac­ity of around 1,00,000 tpa and has poly­meric film man­u­fac­tur­ing fa­cil­i­ties in In­dia, the UAE, Mex­ico, Egypt, Poland and USA with cu­mu­la­tive in­stalled ca­pac­ity in ex­cess of 3,37,000 tpa.

Pro­moted by Ashok Chaturvedi, who is fondly revered as the fa­ther of the Indian flex­i­ble pack­ag­ing in­dus­try, Uflex has grown from strength to strength with large man­u­fac­tur­ing ca­pac­i­ties of pack­ag­ing film and other pack­ag­ing prod­ucts, pro­vid­ing endto-end so­lu­tions to clients across over 140 coun­tries, where it en­joys a for­mi­da­ble mar­ket pres­ence.

Name the prod­uct, and Uflex of­fers a pack­ag­ing so­lu­tion for it. The company of­fers tech­no­log­i­cally su­pe­rior pack­ag­ing so­lu­tions for a wide vari- ety of prod­ucts, such as snack foods, candy and con­fec­tionery, su­gar, rice and other ce­re­als, pharmaceuticals, con­tra­cep­tives and en­gi­neer­ing com­po­nents, among others.

Win­ning strate­gies

With over three decades of rich ex­pe­ri­ence, Uflex has been set­ting bench­marks of suc­cess and in­no­va­tion to be­come a part of mod­ern daily life. The company has clocked 8 per cent bot­tom line growth year on year dur­ing the quar­ter ended June 30, 2017. The con­sol­i­dated net profit stood at Rs 93 crore as com­pared to Rs 86 crore dur­ing the first quar­ter of FY17. Con­sol­i­dated to­tal rev­enue for the first quar­ter of the cur­rent fi­nan­cial year was Rs 1,624 crore as against Rs 1,516 crore in the same quar­ter of the last fi­nan­cial year, regis­ter­ing 7 per cent top line growth year on year. The to­tal sales vol­ume also grew by 5 per cent as com­pared to the first quar­ter of FY17.

"The fi­nan­cial year 2017-18 has started off on an as­sur­ing note. We ex­pect to close the year with 15 to 18 per cent growth in our top line and around 20 per cent growth in the bot­tom line. Our con­fi­dence de­rives from prod­uct in­no­va­tions launched by us in the re­cent past and also com­mence­ment of our new man­u­fac­tur­ing plant in Sanand. This has com­pleted our prod­uct of­fer­ing bou­quet in its en­tirety. This feat will fur­ther strengthen Uflex's com­pet­i­tive edge in the flex­i­ble pack­ag­ing in­dus­try," notes Uflex Pres­i­dent (Cor­po­rate F&A) R K Jain.

In­no­va­tion to cre­ate value-added dif­fer­en­ti­a­tion is the cor­ner­stone of Uflex's busi­ness strat­egy. The company's fo­cus on de­vel­op­ing and launch­ing newer films and pack­ag­ing prod­ucts that con­trib­ute to the over­all fi­nan­cial growth will con­tinue to keep the pack­ag­ing ma­jor way ahead of the com­pe­ti­tion.

"The fi­nan­cial year 2017-18 has started off on an as­sur­ing note." R K JAIN Pres­i­dent (Cor­po­rate F&A), Uflex

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