Flexpack adoption driving Uflex growth

Consolidated net revenue for the June quarter of FY2015 of Rs 1,530 crore was up nine percent year-on-year against Rs 1,398 crore. The consolidated net profit for the quarter ended June 30 was Rs 64 crore as against Rs 43 crore for the same period last year – an increase of 49 percent.

Uflex has a strategy of global expansion and consolidation of its position as an Indian multinational corporation, coupled with a strategy of capacity expansion and adding manufacturing lines for various product categories across existing and new locations to increase proximity to the markets it serves, and to bring value-added products to its clients at competitive price points.

The company has been working on its expansion and plans to invest around Rs 1,800 crore (around 300 million USD) in the next three years to achieve its growth ambitions.

Uflex operates a manufacturing base located in India, Mexico and Dubai to Egypt, Poland and the US catering to global markets spanning North America, South America, Europe, Russia and the CIS countries, Africa, South Africa, the Middle East and South-asia.

Its global customer base 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, Birla 3M and others.

Ashok Chaturvedi, chairman and managing director of Uflex, said: ‘Our continued commitment towards innovation and adding value to clients’ businesses, which enables them to delight their customers with bouquet of packaging solutions and adhering to time sensitive operational practices has ensured strong relationships.

‘This growing relationship is reflected in our sustained growth over the years.’