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