02.17.20
UFlex Ltd. declared its earnings for the quarter ended Dec. 31, 2019. Its consolidated net profit was up 56.7% year-over-year at INR 84.6 cr.
“The industry led by UFlex has got together to form Multi-Layer Plastics Films Sanitation Trust (MLPFST) that is partnering with state governments to set up municipal solid waste sorting and segregation plant that will separate the plastic recoverable from mixed garbage via automated technology and recycle MLP waste into granules for making various plastic items including buckets, mugs, flower pots, outdoor furniture and many more,” Ashok Chaturvedi, chairman and managing director, UFlex Ltd. said. “MLPFST has started off this project with the set-up of a pilot plant in Bengaluru and another one to be established at a leading tourist destination in North India later. This step validates our efforts to lead our industry in changing the myth around plastic and ensure that plastic reaches the right stream for its recovery.”
UFlex also noted some ink advances the company feels will change the way the market functions. To promote sustainability with an objective to promote sustainability, UFlex Chemicals Business launched three new products for the global markets that included:
“The industry led by UFlex has got together to form Multi-Layer Plastics Films Sanitation Trust (MLPFST) that is partnering with state governments to set up municipal solid waste sorting and segregation plant that will separate the plastic recoverable from mixed garbage via automated technology and recycle MLP waste into granules for making various plastic items including buckets, mugs, flower pots, outdoor furniture and many more,” Ashok Chaturvedi, chairman and managing director, UFlex Ltd. said. “MLPFST has started off this project with the set-up of a pilot plant in Bengaluru and another one to be established at a leading tourist destination in North India later. This step validates our efforts to lead our industry in changing the myth around plastic and ensure that plastic reaches the right stream for its recovery.”
UFlex also noted some ink advances the company feels will change the way the market functions. To promote sustainability with an objective to promote sustainability, UFlex Chemicals Business launched three new products for the global markets that included:
- FLEXSEAL Blister Coating - a water-based PUD used as heat sealable paperboard overprint varnish for sealing PET or PVC blisters and fold-over packages;
- Aqueous Narrow Web Inks- Inks that were specially created to replace solvent-based wide web flexo inks for high-end food packaging applications;
- Aqueous water resistant OPV- Superior scuff and water-resistant properties for deep-freeze and food wrap application.