NewZNew (New Delhi) : Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India’s largest flexible packaging company has registered the Consolidated net revenue for the September quarter of F.Y. 2015 of Rs. 1671 crore as against Rs. 1516 crore for the same period last year, up 10%. The consolidated net profit for the quarter ended September 30, 2014 has been higher at Rs. 65 crore as against Rs. 46 crore for the same period last year up by 41%.
The increase in revenue is attributed to increased uptake on innovative flexible packaging solutions provided by the company across sectors globally.
According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEXLtd, “We are committed to innovations and creatingnew trends thanks to the breakthroughs in Polymers research and raw material enhancements. With our ability to delight our customers with the latest packaging material, technology and a wide array of products, we have strong relationships with all our customers. This commitment has reflected in our sustained growth over the years.”
UFLEX’s agenda of global expansion and consolidation of its position as a truly Indian MNC (Multinational Corporation) is reinforced with its strategy of capacity expansion and adding manufacturing lines for various product categories across existing and newer locations to increase proximity to the markets, but also to bring broad portfolio of value added products to its clients at competitive price points. Accordingly, the Company has been working on its expansion plans and propose to invest around Rs. 1800 crore (USD 300 Mln.) in next 3 years to achieve its growth plans in future.
Uflex’s strong manufacturing base in India, Mexico, Dubai, Egypt, Poland and USA caters to global markets spanning USA, Canada, South America, UK, Europe, Russia, CIS countries, South Africa and other African countries, the Middle East and the South Asian Countries.
The company offers its flexible packaging products and solutions globally to clients including Unilever, Pepsi, Wrigley, Procter & Gamble, Colgate, Palmolive, Nestle, Gillette, Ranbaxy, Perfetti, Joyco, Monsanto, ITC, Godrej Pillsbury, Tata Tea, Hindustan Petroleum, Indian Oil, Britannia, Dabur, Haldiram, Wockhardt, HUL, Parle Biscuit, Birla 3M, among others.
About UFLEX Ltd
UFLEX Ltd (www.uflexltd.com) is the Bombay Stock Exchange (UFLEX: 500148) and NSE listed India’s largest flexible packaging company with large manufacturing capacities of plastic film and packaging products providing end-to-end solutions to clients across more than 140 countries. It has vast capacities for production of Polyester chips, Biaxially Oriented Polyethylene Teraphthalate (BOPET) and Biaxially Oriented Polypropylene (BOPP) films, Printing & Coating Inks, facilities for Holography, Metalization& PVDC coating, making Gravure Printing Cylinders, Gravure Printing, Lamination and Pouch formation.
UFLEX offers finished packaging of a wide variety of products such as snack foods, candy and confectionery, sugar, rice & other cereals, beverages, tea & coffee, desert mixes, noodles, wheat flour, soaps and detergents, shampoos & conditioners, vegetable oil, spices, marinates & pastes, cheese & dairy products, frozen food, sea food, meat, anti-fog, pet food, pharmaceuticals, contraceptives, garden fertilizers and plant nutrients, motor oil and lubricants, automotive and engineering components etc.