UFlex delivers a robust performance in Q2 FY20-21, launches new products

India’s leading multinational flexible packaging company and a global player in polymer sciences, UFlex Ltd, declared its earnings for the quarter ending September, 2020. The company posted a strong performance with Consolidated Revenue rising by 19.2% YoY to INR 2234.5 crore, EBITDA increasing by 69.6% YoY to INR 472.9 crore and Net Profit jumping YoY by 136% to INR 221.8 crore in Q2 FY2020-21.

Besides, UFlex launched a host of new product innovations and developments to set a benchmark for the packaging sector.

These include Collar-type Form Fill Seal Machine for Snacks Packaging, Rotary Machine Foray into Spice Packaging, Digital Foil for Ink & Varnish: Digital Foil, Registered Lens Label for Edible Oil Packs, Labels for Hand-sanitizer, Toluene-free Inks for Food Packaging, Single Solvent-free Adhesives with Multiple Hardeners (OH), Side & Bottom Sealing Adhesive for Paper Bags. Moreover, the company launched Bespoke Packaging Innovation for Big Brands like Nestle, AgroTech Foods and Olam Agro for its product variants.

For Nestle’s launch of new Maggi Chilli Garlic Fried Rice Instant Spice Mix, UFlex designed a structure comprising of 10 micron polyester pack with 6.35 micron Aluminum foil and 50 micron EVOH Poly that provides excellent moisture and oxygen barrier to pack seasoning that needs the aroma to be retained till its consumption.

While, for Agro Tech Foods Sundrop Duo Twist Wrap, the requirement was to pack confectionary in a 23 micron metallized polyester pack with twist grade that allows surface printing and anti-static coating for smoother running of the pack through the machine. Due to the combination of matted gloss printing, in which the product printed on the package looks glossy while the rest of the pack wears a matted look, the pack catches instant attention when placed on retail shelves.

For the launch of dry fruits, spices & rice of global food & agri-business brand Olam Agro, UFlex created laminates & pouches with a structure of 12 micron PET, 12 micron window MET PET and 90 micron PE to pack contents with requirement of a strong barrier to retain aroma, nutrients & taste within shelf life. These single web laminates with side gusset window offers a good view of actual product to consumers. UFlex also worked on giving these packs a distinctive shelf appeal by using white ink separation with lacquer that lends a fusion look of metallic & matt on the pouch, while the registered matt coat makes the brand name and image of the product shine with its surrounding looking matted.