Expand in India by building a new BOPET and CPP plant in Karnataka.

UFlex Ltd announced its financial results for the quarter ended December 2020. 

The company said it has witnessed a surge in demand for multiple business lines, while also adding new customers. 

The company announced strong growth data, and its consolidated net profit increased by 89% year-on-year to 1.599 billion Indian rupees. 

UFlex announced the domestic and international expansion of its packaging film business in the results. 

“The highlight of this quarter is the brownfield BOPET film production line put into production in Poland with a capacity of 45,000 TPA. Rajesh Bhatia, Group Chief Financial Officer of UFlex Limited, said: “Our BOPP plant in Hungary and the BOPET plant in Nigeria have started trial operation. Both factories will be put into production soon. In India, we did not expand production capacity. "Packaging film has been building new BOPET and CPP production lines in Karnataka for the past 16 years to meet growing demand. We are also expanding outside India and plan to build brownfield CPP films in our UAE factory. Production line, which will increase the production capacity of 18,000 TPA."

Ashok Chaturvedi, Chairman and Managing Director of UFlex Limited, added: “During the pandemic, UFlex played a key role in providing packaging products to end consumers.” “In line with our vision, which is to localize and use our best The service is the last mile service-first-class innovative and sustainable solutions, we are expanding our international and domestic business. Driven by strong orders and continuous market growth, we will be in Sanand's aseptic liquid packaging factory The manufacturing capacity has doubled."

The early production capacity of the group's packaging film factory in Poland was 30,000 TPA. With the commissioning of another 10.4 meter wide 45,000 TPA BOPET production line, FlexFilms is the largest BOPET manufacturer in the EU. 

In India, the current production capacity of BOPET, BOPP, CPP and other packaging film production lines is 92,000 TPA. 

The cumulative capacity of the new production line in southern India will reach 63,000 tons. 

The UAE plant currently has a BOPET production line with a capacity of 22,000 TPA. Once the CPP production line is put into operation, its production capacity will increase by 18,000 TPA.

In the third quarter of the 2020-21 fiscal year, UFlex also launched a series of new products and solutions in its business.

UFlex has developed six 3D bags based on matte finish films for packaging coffee beans for Al-Fanoos Coffee in Saudi Arabia and the Gulf market. 

BOPP, PET, PE structural bags have a variety of functions, such as 3D design for shelf impact, heat seals to prevent counterfeiting power, sliding zippers that promote reusable consumption at points of consumption, and breather valve packaging that allows excess gas to be discharged to make the packaging Items stay fresh for a longer period of time, with a transparent window on the side and a side handle for easy carrying. 

Due to the novel coronavirus pandemic, the demand for disinfectants and disinfectants is still booming. This vertical industry has developed two tearable laminates for I2Cure BioShield Lotion, which can easily dispense alcohol-free disinfectants. According to UFlex, since the emulsion is halal certified, it has received widespread attention from the Middle East, South Asia and India markets.

The big bag used to pack poultry feed is one of the few bulk bags in the form of non-woven fabrics with high tensile strength and weather resistance. The bag specially developed for the Indian market is durable, easy to carry and safe, although it can carry a large number of them.

UFlex has launched a dual-purpose alcohol-based hand sanitizer FLEXGUARD-I, which contains IP-75% V/V isopropyl alcohol, which complies with the WHO guidelines. 

According to the provisions of the Patent Law of 1970, UFlex obtained a patent for a new process for deriving epoxy resin. 

UFlex has launched a water-based oxygen barrier coating "FLEXCOAT UF0008" for food packaging to achieve oxygen barrier performance on BOPP and CPP films. 

UFlex uses its laser engraving line to manufacture watermark printing cylinders on steel plates, making the company the first Indian manufacturer to achieve this feat. 

This process has always been a challenge in the past, because compared with traditional gravure printing inks, the pigments of steel plate coatings are very different in size and shape, so it is very important to perform rotogravure printing on metal substrates. And the deposition effect required by the watermark is also minimal. 

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