UFlex reports 56.7% increase in net profit for the December quarter

Launched a gamut of solutions

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UFlex

UFlex Ltd., India’s largest multinational flexible packaging company and a global player in polymer sciences, has declared consolidated net profit was up of INR 84.6 crore, up 56.7% YoY for the quarter ended December 31, 2019. 

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- inks that were specially created to replace solvent based wide web flexo inks for high-end food packaging applications; and aqueous water resistant OPV- superior scuff and water-resistant properties for deep-freeze and food wrap application.

In order to value add to pharma industry, the engineering business of UFlex developed machines including Rotoflex Stanmas 20 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. 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.

The company has also developed multi lane stick pack machine VFFS for packing of single dose pharma products. The Stick Pack 200 is a five-lane machine for packing powder, granules and paste at a speed of up to 250 sticks per minute. This machine can pack content in center seal tubular shaped sachets ranging in weight from 1gm to 20 gm and is best used for pharma products that can be consumed in a single dose.

UFlex also launched a cutting-edge packaging solution with lens effect called ‘Asepto Eye’ for the beverages segment. Asepto Eye is a ripple concave lens and single lens technology that gives 3-D effects on the aseptic packs. These lenses come in various sizes & shapes and offers bespoke artwork, as per the brand owner’s requirements. The newest offering from Asepto gives myriad choices to beverage manufacturers to be distinct on the shelves, and also add a premium value to their brand through UFlex packaging.

With its range of advanced holographic solutions developed, UFlex is ready to give a facelift to books, labels & stationary, cartons and textile industry.

The company has developed registered de-metalized holographic tape which is hot stamped on product labels and is made with 19-micron PET base film.  This solution that is used as an anti-counterfeit feature targets India as well as export markets.

The soft touch lamination film for carton packaging is available in PET as well as BOPP base films. In this, the film is induced with a special coating that gives a smooth and silky touch effect adding to the aesthetics of the product that it is applied to. A product that largely targets Indian customers has found takers in segments like stationary, product catalogues, books, cartons labels etc.

The Dhoop Chaon design for hot stamping foil by holographic business of UFlex which enables hot stamping coatings on 12-micron PET base film to give special effects, without holography. This product has got customers’ attention in Surat Textile market especially for fabrics required to create fashion clothing, home furnishing & other decorative products. Dhoop Chaon design is also applicable in graphic grade in cartons, labels & stationary, books and more.

The multi-colour rainbow stamping foil that augments aesthetic and shelf appeal of a product has been developed for stationary products. Achieved by hot stamping on a 12-micron PET base film with multi-colour printed foils, the solution also serves as an anti-counterfeit tool and is advantageous for cartons, labels, stationary industry.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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