PackPlus starts today in Pragati Maidan, New Delhi

International Packaging Conclave on 1 August 2015

100
The Ishida stand at PackPlus. Photo PSA

Plans a new Rs. 550 crore plant in GujaratUflex to invest Rs. 1,800 crore for further growthLeading flexible packaging company Uflex is investing ₹1,800 crore (about US$ 284 million) to grow its output and add new products as demand for packaging material rises in India amid changing retail patterns. The Noida-headquartered company will invest ₹550 crore in setting up a plant in Sanand, Gujarat, to make packaging materials for liquid products.
RK Jain, Uflex’s group president for corporate finance and accountsAccording to an interview of RK Jain, Uflex’s group president for corporate finance and accounts published in the business magazine Businessworld, Jain said land has been acquired for the plant, which will be operational in April 2017 and will employ about 800 people. “We are now entering the liquid market,” he said.

The Gujarat plant will produce seven billion packs a year for liquid products such as energy drinks, milk and juices, and about 90% of the output will be used for the domestic market. Uflex manufactures both packaging materials and equipment and is a market leader in India in the segment. A big chunk of its supplies goes to the food and beverage industry.

Uflex has manufacturing plants in Noida in Uttar Pradesh, Malanpur in Madhya Pradesh and in Jammu. Overseas plants are located in Dubai, Egypt, Mexico, Poland and North America. Jain said the company is growing its overseas business as well.

PackPlus starts today in Pragati Maidan New Delhi 2
The busy Uflex stand at PackPlus. Photo PSA

“We are becoming an emerging player in the international market. We have a sales network in 140 countries,” he said, adding that the company’s revenues are evenly divided between domestic and overseas markets. The company employs 7,500 people, of whom 6,300 work in India.

No negative impact for Uflex due to Maggi
Uflex, which supplies packing material to Nestle, does not see any negative impact on its revenue growth due to the sales ban on the Maggi instant noodles brand. “Our packaging portfolio is evenly spread out among several top-notch brands and Maggi as a part of our portfolio does not add significantly to our bottom line,” the company said in a statement. “The recent banning of Maggi noodles will have no negative impact on Uflex’s turnover as the company is on a higher growth trajectory both in India and the overseas market.”

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia.is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what you need. Speak and write to our editorial and advertising teams! For advertisement ads1@ippgroup.in , for editorial info@ippgroup.in and for subscriptions subscription@ippgroup.in

– Naresh Khanna

Subscribe Now