UFlex India presents new flexible and holographic solutions amid strong financial performance
11 Aug 2022 --- UFlex in India is unveiling a range of flexible packaging and holography solutions for boosted environmental sustainability and standout shelf appeal. The launches come amid a strong financial performance for the quarter and full-year ending March 31, 2022.
“Our performance in the quarter is reflective of our determined approach to match the fast-paced consumption environment with enhanced production volumes. Across all fronts – be it production or sales volumes, revenue, EBITDA and PAT, new highs have been achieved in Q4 as well as in full FY 21-22,” comments Rajesh Bhatia, Group CFO at UFlex.
“We recently commissioned our new line in Aseptic Liquid Packaging facility at Sanand, Gujarat (India), thereby doubling its capacity to 7 billion packs per annum.”
“What excites me most about the year ahead is the opportunities that will originate from the new Plastic Waste Management (Amendment) Rules 2022 in India and our readiness to embrace them. As a socially responsible organization that has been leading the way in sustainable solutions, we are setting up India’s first U-shaped paper straw line for aseptic carton packs at our Sanand plant, which is already gaining traction from many beverage brands considering the impending ban on single-use plastic.”
Financial results
India’s largest multinational in flexible packaging solutions and a global leader in polymer sciences consolidated EBITDA at 734.4 cr for Q4 FY22, up by 42.2% year-on-year. Meanwhile, consolidated net profit stood at 350.3 cr, up 32.3% year-on-year. The consolidated revenue registered a rise of 52.2% year-on-year, reaching INR 3915.1 Cr in Q4 FY22.
Spout pouch for BB Royal Cold-press’ cooking oil.
The growth in revenue was backed by the higher production and sales volumes of packaging films and packaging businesses. The total production volume witnessed a jump of 26.2% year-on-year to reach 160475 metric tons in Q4 FY22. The total sales volume jumped by 20% year-on-year to reach 164079 metric tons in Q4 FY21-22.
For FY 2021-22, the company achieved consolidated revenue of INR 13224.7 cr, rising by 48.3% year-on-year, driven by 29.3% sales volume growth.
The consolidated EBITDA for FY2021-22 registered a growth of 24.8% year-on-year to reach INR 2280 cr. Consolidated net profit rose by 30.3% year-on-year to INR 1098.3 cr for the same period. The EBITDA margin for FY 21-22 remained healthy at 17.2%.
Fresnel lens self-adhesive holographic.
New packaging solutions
Among UFlex’s new products is a 3D pouch with registered window metallization for Triveni Engineering’s premium brown sugar. The pack’s structure provides a metallic sheen look while allowing consumers to see the packed content. Owing to its 3D structure, the pack stands up, positioning the product uniquely on retail shelves.
The company also developed a reclosable spout pouch with easy pour functionality for BB Royal Cold-press’ cooking oil. Conventionally, edible oil has been packed in either a regular pouch or a rigid bottle, but these formats often offer limited differentiation on shelves. The new structure offers a viable solution for packaging edible oil and replaces the need for rigid containers. Its 3-ply structure also offers standability.
Meanwhile, it has also released several holography solutions, including a self-adhesive holographic labeling solution to prevent counterfeiting and enhance aesthetics. In response to rising counterfeiting cases, UFlex has integrated Registered Fresnel Lens Technology in the labeling solution to give a premium look by placing two lenses at the middle and bottom of the label.
The Fresnel lens used on the printed area reflects light at multiple angles providing a three-dimensional depth and look to the product. The combination of a Fresnel lens that is reflective from various angles along with vibrant printing produces an effect that is both aesthetically striking and instantly recognizable.
The printing technology combines two major features: the first is the registered holographic substrate, while the second involves doing a precise re-registration printing on the same substrate, making it almost impossible to replicate using a compromised set-up. This application is used across several industry verticals, including FMCG and personal care.
Edited by Joshua Poole
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COMPANY DETAILS
A-107-108, Sector - IV
Noida
201301
India
www.uflexltd.com
enquiry@uflexltd.com
Tel: +91-120-4012345
Fax: +91-120-2556040ACTIVE MATERIALS
Business; Caps & Closures; Compostables; Design & Branding; E-Commerce; Fiber-Based; Flexible Plastics; Labels & Labeling; Policy & Regulation; Printing & Pre-Press; Research & Science; Reusables
ACTIVE CATEGORIES
UFlex is India’s largest multinational flexible packaging and solutions company. Since its inception in 1985, UFlex has grown from strength to strength and has built a strong presence across all verticals of the packaging value chain — packaging films, chemicals, aseptic liquid packaging, holography, flexible packaging, printing cylinders, and engineering.
Headquartered in Noida, the National Capital Region, India, UFlex enjoys a global reach with advanced manufacturing facilities in India, the UAE, Mexico, Egypt, USA, Poland, Russia, Nigeria, and Hungary. UFlex’s facilities are accredited by ISO, BRC, HACCP, Intertek, FDA, DNV-GL, NABL, and TÜV Rhineland, underlining its commitment to quality and safety standards.
With a 10,000+ strong multicultural workforce across global regions that work toward developing innovative, value-added, and sustainable packaging solutions, the company has earned an irreproachable reputation for defining the contours of the ‘Packaging Industry’ in India and overseas. It provides end-to-end
solutions to numerous Fortune 500 clients across various sectors such as FMCG, consumer product goods, pharmaceuticals, building materials, automobiles, and more, in more than 150 countries.
Sustainability at UFlex
Sustainability is not just a component but the essence of UFlex’s corporate strategy. Every business decision is meticulously aligned with the company’s sustainability vision and goals. UFlex aspires to achieve net-zero status by 2035, exemplifying its commitment to environmental responsibility since the early 1990s.
- UFlex Group has been a trendsetter when it comes to sustainable innovation and commitment towards the ‘Circular Economy’, via its technologies, diverse product portfolio and processes.
- It is the ‘first company in the world to recycle mixed plastic waste’ for which it earned recognition at the Davos Recycle Forum in 1995, way ahead of other companies from developed economies.
- As an industry leader in building sustainable flexible packaging solutions, UFlex runs a global sustainability initiative called ‘Project Plastic Fix.’ This initiative is aligned with the company’s sustainability approach of 4Rs to tackle the challenge of reducing stock and flow of plastic waste in the environment, i.e.,
Reduce plastic at source by manufacturing and using films made from PCR | Recycle via upcycling and downcycling of MLP (Multi-Layer mixed Plastic) and PET containers, covers, other articles and bottles | Reuse as source substitution via Pyrolysis | Return to the planet in the form of biomass, if the plastic waste remains uncollected. - UFlex has developed an advanced “Enzymatic Delamination Technology” to enable aseptic packaging recycling. Enzymatic delamination uses enzymes to break down the bonding between different layers of the packaging materials, separating individual layers such as paper and polyethylene/foil laminate which is reused in the production of new products and for aseptic packaging – closing the circular loop.
- Creating ‘wealth out of waste’ by recycling post-consumer PET Bottles and Mixed Plastic MLP waste. UFlex commissioned two lines in its Noida, National Capital Region, India, plants in 2020 to recycle Post-consumer PET bottles and mixed plastic waste collected from Delhi-NCR. The Post Consumer Recyclate (PCR line) converts the post-consumer PET bottle waste to resin chips and upcycled it to manufacture UFlex’s range of green packaging film with PCR content called Asclepius™.
- We have implemented several innovative approaches to address the growing demand for water while prioritizing sustainability and fostering harmony with the environment. Recycling of water used in the recycling process of industrial (pre-consumer) waste. This water has contaminants like dirt, oil, washed spices, etc. We use chemical treatment, Ionization techniques, and forced filtration to recycle and recover nearly 95 % of water.
UFlex continues to lead the way in sustainable practices, setting new benchmarks for the industry and reinforcing its commitment to environmental responsibility and innovation.
Products / Markets
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Packaging films business
BOPET films | BOPP films | CPP films | High barrier metalized films | Asclepius™ PCR films | Alox coated films | Specialty films | Polyester Chips
Chemicals business
Printing inks | Ink binders | Water-based, solvent-based and solvent-free laminating adhesives | UV and LED inks and coatings | Specialty chemicals as polyols | Primers and special effect coatings
Aseptic liquid packaging business
Innovation packs with holography and foil stamping | Packaging materials for base/slim/ultra-lean/crown/leaf/pillow/trio/wedge/spectra packs | Aseptic filling lines ‘Flexpress 10000’ | Asepto Pro technical services | ASip - U shape paper straw
Holography business
Holograms| Security documents | Holographic films | Holographic aluminum lidding foil | Holographic PVC blister | Paper and board transfer | Holographic thermal films | Sequins films, glitter films, hot melt foil films | Hot stamping foils | Registered lens technology
Flexible packaging business
Flexible packaging laminates | Pre-fabricated pouches | Easy-tear sachets| Big bags | block bottom bags | Premium shower-proof bags| Pharmaceutical packaging | FlexiTubes | FlexFresh™ modified atmospheric packaging
Engineering business
Packaging machines| Converting machines| Recycling machines | Specialty product machines |Aseptic liquid filling machines
Printing cylinders business
Electromechanically and laser engraved rotogravure cylinders for printing | Laser engraved coating cylinders for extreme high and low gsm | Embossing cylinders | Robotic laser engraved specialized rotogravure cylinders | Flexographic polymer printing plates | Flexographic elastomer printing plates
Manufacturing facilities
India (Noida, Jammu, Sanand, Dharwad and Panipat) | UAE | Mexico | Egypt | Poland | USA | Russia | Hungary | Nigeria
