07.19.23
A – 107 - 108, Sector - IV,
Noida 201301 (U.P.), India
Tel: +91 120 4012345
www.uflexltd.com
Email: enquiry@uflexltd.com
Sales: $140 million in ink sales (Ink World estimate); $1.8 billion consolidated sales (INR 14,784 crore)
Major Products: UFlex is India’s biggest multinational flexible packaging materials and solutions company. Its 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: Ashok Chaturvedi, chairman and managing director; Rajesh Bhatia, group president and CFO; Rajesh Bhasin, joint president, UFlex Chemicals Business; Rajesh Srivastava, SVP, Chemicals Business; Anuj Arora, CFO, Chemicals Business.
Locations: Headquartered in Noida in India, UFlex has manufacturing facilities in UAE, Egypt, Mexico, Poland, Russia and Elizabethtown, KY, USA.
Comments: With overall sales of $1.8 billion, UFlex is the largest fully integrated multinational flexible packaging materials and solution provider in India. UFlex has a manufacturing presence worldwide, with its headquarters in India and facilities in UAE, Egypt, Mexico, Poland, Russia and Elizabethtown, KY, USA.
In 2022, UFlex’s sales grew 11.4% to INR 14,784 crore, a record for the company.
“In FY23, UFlex continued its growth momentum and achieved the highest-ever revenue of INR 14,784 crore,” Ashok Chaturvedi, chairman and managing director of UFlex, reported. “The packaging films industry witnessed new capacity additions at a time when demand was impacted, especially in the US and Europe, on account of global issues. However, the worst seems to be over, and we are witnessing an increase in both demand and prices globally. The European energy crisis also seems to be behind us, and gas prices have slumped.”
“In FY23, despite all the challenges, UFlex achieved even greater heights and clocked its highest-ever revenue,” added Rajesh Bhatia, Group CFO, UFlex Ltd. “The challenges emanating from the Russia and Ukraine conflict and the aggressive fiscal policies of the US Fed impacted the costs as well as the demand for flexible packaging films but our diversified product portfolio, which includes flexible packaging, aseptic packaging, inks and adhesives, holography, printing cylinders, and engineering, helped us keep our overall growth momentum intact in FY23. The profitability in FY23 was impacted by unprecedented currency devaluation in Egypt and currency exchange loss on account of the US dollar’s strength against the other world currencies.”
Its consumables division, UFlex Chemicals Business is a leading manufacturer of flexible packaging inks, water-based, solvent-less and solvent-based adhesives and specialty UV and LED coatings with the full range of UV and LED inks/coatings for sheetfed offset, letterpress and narrow web application serving customers worldwide.
UFlex recently received numerous awards for its excellence in packaging, including The IIP’s National IndiaStar and PacMachine 2022 Awards for Excellence in Packaging for its water-based inks.
Noida 201301 (U.P.), India
Tel: +91 120 4012345
www.uflexltd.com
Email: enquiry@uflexltd.com
Sales: $140 million in ink sales (Ink World estimate); $1.8 billion consolidated sales (INR 14,784 crore)
Major Products: UFlex is India’s biggest multinational flexible packaging materials and solutions company. Its 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: Ashok Chaturvedi, chairman and managing director; Rajesh Bhatia, group president and CFO; Rajesh Bhasin, joint president, UFlex Chemicals Business; Rajesh Srivastava, SVP, Chemicals Business; Anuj Arora, CFO, Chemicals Business.
Locations: Headquartered in Noida in India, UFlex has manufacturing facilities in UAE, Egypt, Mexico, Poland, Russia and Elizabethtown, KY, USA.
Comments: With overall sales of $1.8 billion, UFlex is the largest fully integrated multinational flexible packaging materials and solution provider in India. UFlex has a manufacturing presence worldwide, with its headquarters in India and facilities in UAE, Egypt, Mexico, Poland, Russia and Elizabethtown, KY, USA.
In 2022, UFlex’s sales grew 11.4% to INR 14,784 crore, a record for the company.
“In FY23, UFlex continued its growth momentum and achieved the highest-ever revenue of INR 14,784 crore,” Ashok Chaturvedi, chairman and managing director of UFlex, reported. “The packaging films industry witnessed new capacity additions at a time when demand was impacted, especially in the US and Europe, on account of global issues. However, the worst seems to be over, and we are witnessing an increase in both demand and prices globally. The European energy crisis also seems to be behind us, and gas prices have slumped.”
“In FY23, despite all the challenges, UFlex achieved even greater heights and clocked its highest-ever revenue,” added Rajesh Bhatia, Group CFO, UFlex Ltd. “The challenges emanating from the Russia and Ukraine conflict and the aggressive fiscal policies of the US Fed impacted the costs as well as the demand for flexible packaging films but our diversified product portfolio, which includes flexible packaging, aseptic packaging, inks and adhesives, holography, printing cylinders, and engineering, helped us keep our overall growth momentum intact in FY23. The profitability in FY23 was impacted by unprecedented currency devaluation in Egypt and currency exchange loss on account of the US dollar’s strength against the other world currencies.”
Its consumables division, UFlex Chemicals Business is a leading manufacturer of flexible packaging inks, water-based, solvent-less and solvent-based adhesives and specialty UV and LED coatings with the full range of UV and LED inks/coatings for sheetfed offset, letterpress and narrow web application serving customers worldwide.
UFlex recently received numerous awards for its excellence in packaging, including The IIP’s National IndiaStar and PacMachine 2022 Awards for Excellence in Packaging for its water-based inks.