UFlex Closes FY 2020-21 on a High Note

UFlex Ltd, India’s largest multinational flexible packaging company and a global player in polymer sciences, declared its annual results for fiscal 2020-21 and quarter ending March 2021. With packaging taking the center stage in the pandemic affected last year, UFlex rose above the challenges to post exemplary performance and achieved the highest ever production and sales volumes, revenue and profitability in the quarter as well as in FY2020-21.

“Our business network has weathered the disruption whilst also demonstrating resilience to cope with the ever-changing demands of the sector,” said Ashok Chaturvedi, chairman and managing director, UFlex Limited. “We commissioned three of our projects in FY2020-21: a BOPET film line in Russia and Poland each and a new BOPP film line in Egypt with 42,000 TPA capacity, thus gaining an even wider reach globally.”

“The pandemic did not dampen our focus on ESG practices and we continue to accentuate our efforts on this front,” Chaturvedi added. “After the success of post-consumer multi-layer mixed plastic waste and PET bottle waste recycling lines at Noida in India, we are in the process of replicating these at our overseas locations, at an even larger scale.

“At our Mexico facility, we are setting up plant to upcycle post-consumer PET bottles waste into high recycled content polyester PCR films, for flexible packaging applications and also propose to set up facilities to recycle post-consumer multi-layer mixed plastic waste to make molded, injection molded and extrusion molded components, both of which shall contribute to a circular plastic economy. In Poland, again, we are setting up plant to recycle post-consumer multi-layered mixed plastic waste to make various molded components.”

UFlex also displayed its commitment towards sustainability and innovation by developing a host of new cutting-edge offerings for a better future.

These include high quality the FLEXGREEN NW series inks, high-quality UV LED curable flexo inks which have been developed specifically for the narrow web printing industry. These inks deliver superb printability, outstanding ink transfer and low foaming features for the most steady and smooth press performance, the company reports.

Designed to be used on a wide range of plastic and paper substrates, this series includes process colors, Pantone bases, whites and coatings. UFlex’s series of UV LED flexo inks offer enhanced scratch and scuff resistance properties, less maintenance on press, faster make-readies, and overall superior print consistency. These inks are compatible for use in packaging, labels etc.

The Chemicals Business also launched FLEXMATT paper effect OP ink, a toluene- and ketone-free single component coating HRK10529 that gives an excellent paper/sand feel effect on PET, BOPP and PVC substrates. This coating that can be applied on surface with gravure printing machines provides a tactile, slight edgy paper feel to product packaging.