A – 107 - 108, Sector - IV,
Noida 201301 (U.P.), India
Tel: +91 120 4012345
Fax: +91 120 2556040
Sales: $110 million in ink sales; $1 billion sales (consolidated).
Major Products: Uflex is India’s largest multinational flexible packaging materials and solution company. Uflex Limited’s Chemicals Business manufactures liquid inks (solvent & water-based); laminating adhesives (water-based, solvent- and solvent-less); ink binders; and specialty coatings (UV/UV LED/EB).
Key Personnel: Rajesh Bhasin, Jt. president, Chemicals Business; Anuj Arora, CFO; Rajesh Srivastava, VP sales & marketing.
Locations: Headquarters are in Noida, India. Uflex has manufacturing facilities in UAE, Egypt, Mexico. Poland and in the US (Elizabethtown, KY).
Comments: From its beginnings in 1985, Uflex has become India’s largest fully integrated multinational flexible packaging materials and solution provider, with its products being supplied to more than 140 countries. It is one of the fastest growing companies in India, with sales of more than $1 billion in 2017. Headquartered in Noida (National Capital Region, New Delhi) it has state-of the-art manufacturing facilities in India, UAE, Mexico, Poland, Egypt and the US.
With $110 million in sales in 2017, Uflex’s Chemicals Business is a leader in solvent- and water-based packaging inks, laminating adhesives, ink binders, and UV, EB and UV LED specialty coatings. The company continues to enjoy growth in the ink market.
“The Chemicals Business of Uflex manufactures matchless quality inks, adhesives, specialty coatings and polyols for the converting industry,” said Rajesh Bhasin, Jt. president, Chemicals Business at Uflex. “This business occupies leadership position in inks and adhesives in its chosen markets. Our wide range of proven products and consistent quality instill enormous confidence in the company’s global clientele. Meeting unique needs of its customers, Uflex’s Chemicals Business has successfully made it up to the list of top ink and adhesive manufacturers of the world. Continuous backward integration, developing newer technologies and offering solutions to the unique needs of buying community is ingrained in the DNA of Uflex.”
Uflex has inaugurated its new R & D Centre at Noida, which will further strengthen its ability to offer innovative solutions for the converting industry. With plans to expand in the chosen markets and venture into the newer markets, Uflex Chemicals Business is gearing up to redefine growth in the industry.
“Harvesting innovations for the greater good of the packaging industry, 2017 has been an eventful year for the Chemicals Business of Uflex,” Bhasin added. “We consolidated our positions in key markets in Asia, and further expanded into chosen markets in Africa and the Middle East. Introduction of several new products in inks and adhesives received an excellent response from buyers, inspiring confidence about future growth in those markets. Setting up an all new sales office in Moscow, Russia is a strategic initiative. In spite of serious growth challenges in India in 2017, the Chemicals Business of Uflex received double digit growth with exclusive product launches across different product groups.”
Like any other player in the industry, Bhasin noted that Uflex is no exception when it comes to rising raw materials prices.
“However, with agile R&D interventions, we developed innovatively efficient inks and adhesives solutions, at the most optimal price coordinates, that bring immense advantages to the converters,” Bhasin added. “The long-standing relationship that we enjoy with our choicest vendors further helps us tide over any inclement demand-supply scenario with raw material impact. Our progressive R&D strategy aids us in developing ahead of the curve solutions in the best interest of our global clientele.”
Uflex Chemicals remains committed to environmental protection. The R&D laboratory of Uflex Chemicals is now certified by NABL, making it the only ink and adhesive manufacturer in India to have this respected certification.
Besides past certifications for ISO 9001, ISO 14001, OHSAS 18001, Uflex received ISO 50001 certification in 2017. In recognition for its drive on water conservation, it also received most prestigious award from CII.
Uflex is committed to United Nation’s Sustainable Development Goals and is conducting its business most responsibly. Its efforts in this direction were recently recognized with two most prestigious awards from Frost & Sullivan for Safety and Sustainability.
Bhasin pointed out that a focused approach towards sustainable development is the key for long term success and growth of a business.
“Following a system-oriented approach, Chemicals Business has taken many such important initiatives related to natural resource conservation, energy efficiency, eco-friendly products, responsible consumption and production, stakeholder engagement and employee satisfaction,” Bhasin said. “While continuing further with significant growth in sales, the business set newer benchmarks on safety in industry besides our most significant reduction in water consumption and effluent reduction. It further recorded significant, reduction in hazardous wastes and energy consumptions through process changes. The business is committed to the 3P model of People, Profit and Planet.”