BWI: Uflex Ltd. becomes a member of Industry Council for Packaging and the Environment (INCPEN)

Press release from Business Wire India
Source: UFLEX Limited
Friday, July 01, 2011 04:23 PM IST (10:53 AM GMT)
Editors: General: Consumer interest, Environment; Business: Business services, Chemicals, Media & entertainment
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Uflex Ltd. becomes a member of Industry Council for Packaging and the Environment (INCPEN)


New Delhi, Delhi, India, Friday, July 01, 2011 -- (Business Wire India) -- Uflex Ltd., the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India's largest flexible packaging company, has joined Industry Council for Packaging and the Environment (INCPEN) as one of its members. The Industry Council for Packaging & the Environment (INCPEN) is a research organization, which draws together an influential group of companies that operate throughout the supply chain and share a common interest in packaging, the environment and sustainable development.

INCPEN's members operate at all stages in the supply chain - raw material suppliers, packaging manufacturers, product manufacturers and retailers. Working together and sharing knowledge enables cross-sector improvements for mutual benefit. INCPEN members include some of the renowned companies, including, ASDA, Ball Packaging Europe, Cadbury, Coca-Cola Great Britain, Colgate-Palmolive, Consol, Dow, DS Smith, Duracell, Gillette, Green and Black's, Sainsbury, Kellogg's, L'Oreal, LINPAC Group, Marks and Spencer, Nestlé UK, Procter & Gamble, TATA, Tesco, Unilever and Warburtons.

Speaking on the occasion, Mr. Ashok Chaturvedi, Chairman & Managing Director, Uflex Ltd., said, "It is indeed an honor to be a member of INCPEN. As a member of the organization, Uflex Ltd. will gain the opportunity to be a part of the global packaging community and get access to information on global developments in the packaging sector. INCPEN is one of the few organizations working to address the growing environmental concerns of the public and environmental authorities worldwide from a clear perspective. We are greatly looking forward to work with the organization and to bring healthier and sustainable solutions to enhance Uflex experience to our valued customers."

Uflex's strong manufacturing base in India, Mexico, Dubai and Egypt 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.

Uflex closed the financial year ended March 31, 2011 on a strong note registering an exponential growth of 266% increase in its consolidated net profit at Rs. 695 crore as against Rs. 190 crore for the corresponding period last year, on the back of strong demand trends globally and increasing manufacturing capacities across its facilities in Egypt, Mexico, Dubai and India. For the Financial Year ended March 31, 2011, UFlex recorded net revenue at Rs.3410 crore compared to Rs.2314 crore in the same period in previous fiscal, up by 47%.

Uflex is the only integrated unit of its kind in the world with flexible packaging at its core. 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 & Flexo Printing plates, Gravure Printing, Lamination and Pouch formation.

The company's partial client list includes 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, and 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 108 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.

Synonymous with flexible packaging industry in the country, UFLEX group has Gross annual revenue of Rs. 47 billion and Gross Capital Investment across the world of about Rs. 32 billion. 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.


CONTACT DETAILS
Neeraj Atri, Mavcomm Consulting, +91 9811714871, n.atri@mavcommgroup.com

KEYWORDS
CONSUMER, ENVIRONMENT, BUSINESS SERVICES, CHEMICALS, MEDIA

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