India’s largest multinational flexible packaging
company and a global player in polymer sciences, Uflex has declared its earnings
for the quarter ended 31 December 2019 on 13 February. Its consolidated net
profit was up 56.7% YOY at Rs 84.6-crore.
Reinforcing the efforts by the company towards
sustainability, Ashok Chaturvedi, Chairman & Managing Director, UFlex Ltd.
said, “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. 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.”
Meanwhile, 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, especially created to replace
solvent-based wide-web flexo inks for high-end food packaging applications and
aqueous water resistant OPV for deep-freeze and food wrap application.
In order to value add to pharma industry, the
Engineering business of UFlex developed machines that further push the pharma
packaging industry towards a brighter future. Rotogravure Printing Press
Designed to Print on Aluminum Foil- ‘Rotoflex Stanmas 20’ is an engineering
innovation by UFlex that strengthens the portfolio of Rotogravure printing
machine it already offers. This machine
can be used for printing multiple substrates and can print on aluminum foil of
varying thickness as well as other substrates spread over polymer family and
paper. The ideal printing speed on the machine is 150 meters/minute for
aluminum foil, while other substrates can run up to 200 meters/minute. The
press that prints with solvent-based inks, also comes affixed with the unique
feature of an Electrical Heating. Suitable for narrow web application, Rotoflex
Stanmas 20 is a mechanical line shaft that can stretch up to 8 colours
configuration. UFlex has developed the machine with technical inputs from MRG
Grafomac of Italy and in-house design team. Kalyar Replica, a leading flexible
packaging convertor in Bangladesh, has been the first buyer of a special
purpose 4-colour Rotoflex Stanmas 20 for pharma packaging.
