India’s number one flexible packaging company Uflex Ltd is a name synonymous with excellence in end to end packaging solutions and impeccable corporate governance. Over the past several years the company has been conferred with a number of national and international awards. In this blog we are doing a roundup of the awards won by the company in the last 3 years.
Uflex bagged a silver award in the 27th DuPont Awards for its innovative moisture proof cement bags, Flex SafePack. An excellent example of packaging innovation, the Flex SafePack is specially designed to provide barrier to moisture and water from entering into the bag, helping the cement withstand harsh environments and maintain its full functionality over an extended period of shelf life.
In developing the SafePack, UFLEX addressed two conflicting requirements: providing de-aeration holes required for air to escape during filling and prohibiting moisture from entering into the bags during transportation. UFLEX has been able to achieve this challenge through optimized nano-embossing over a flexible extrusion layer. This technological achievement also allows high definition graphics of up to 10 colour printing, giving a premium look to a commodity product.
- India’s Top 500 Companies 2015 by Dun &Bradstreet (D&B)
Dun &Bradstreet (D&B), in its 15th edition of the report “India’s Top 500 Companies 2015” ranked Uflex Ltd., as number one, in terms of total income in the year 2014 which is highest by any company in the sector. Uflex has been regularly winning this honour since 2012.
‘India’s Top 500 Companies’ is among the longest running reputed publications in the country that ranks and felicitates high performance Indian companies on various financial and operational parameters. D&B is the world’s leading provider of global business information, knowledge and insight.
- The Association of International Metallizers, Coaters and Laminators (AIMCAL) Awards
The awards were conferred for:
- Packaging: Non Food Category (Technical),
- Packaging: Food Category (Technical)
- Packaging: Food Category (Marketing)
- Non-food – Technical category three of the most coveted AIMCAL awards.
The winning entries were SPARKLE Innolock Standup Pouch (Food and Beverage – Technical), the PARAS Ghee Pouch (Food and Beverage – Marketing) and the HIRA Pouch with Multi lens (Nonfood – Technical).
UFLEX had won three top AIMCAL Awards in the competition held in 2014 as well. These were under the Non Food Technical Category.
The Association of International Metallizers, Coaters and Laminators (AIMCAL) is based in the USA and is one of the world’s leading trade associations in the Flexible Packaging industry. Its awards are some of the most sought-after honours in the global packaging industry and are based on an annual competition in which almost all the world’s leading players in the global Flexible Packaging business and best-known brand owners participate. The association founded in 1970, is a global non-profit trade association representing converters of metallized, laminated and coated flexible substrates and their suppliers.
- Asia’s Most Promising Brand 2013-14 byWorld Consulting & Research Corporation
World Consulting & Research Corporation conferred upon Uflex Ltd. Asia’s Most Promising Brand for 2013-14 owing to the charismatic propensity of Organization’s brand persona that drives consumer intent and influences positive consumer action in its operative category. This has led to Uflex literally earning the value premium and consumer mind-space it commands. The award has placed Uflex in an uber-exclusive league that is entirely its own.
- Dun & Bradstreet Corporate Awards 2013
Uflex Ltd. was ranked 1st in India’s Top 500 Companies for Packaging & Allied Activities.
- AIMCAL Technology Competition Award 2014
Uflex Ltd won this award for FLEXITUBE DECOSEAM Tube System. The metalized layer not only improves barrier properties, but can also include eye-catching holographic, optically variable or metallic effects.With a wide choice of dispensing systems and closures, the tubes are suitable for a broad range of cosmetic and health-care products.
- AIMCAL Technology Excellence Award 2014
The award winning TATA WATER PLUS POUCH designed by Uflex Ltd was of lighter weight compared to PET bottles which also meant lower inbound and outbound transportation costs and better cube utilization. At $0.033 per 200-ml pouch, the water sells at an affordable price in developing markets. The pouches are designed to deliver the requisite shelf life without any deterioration and are immune to intense ultraviolet light of the tropics.
- AIMCAL Sustainability Award 2014
Uflex won this award for an innovative down gauged metallised laminate used by Pepsico India Holdings Pvt. Ltd. (Frito-Lay Division). The lighter, thinner films meant lower transportation costs for inbound packaging materials and outbound product shipments and fewer material roll changes on the VFFS equipment. The 8-micron film offers the same dimensional stability and stiffness of standard 12- and 15-micron BOPP making it suitable for printing and lamination without any negative impact on handling or registration.
- Dun & Bradstreet Corporate Awards 2012
Uflex Ltd., was ranked 1st in India’s Top 500 Companies for Packaging & Allied Activities.
- AIMCAL Sustainability Award 2013
AIMCAL bestowed its 2013 Sustainability Award to Uflex for its bi-axially oriented polyethylene terephthalate (BOPET) film with 30 percent renewable content. Uflex’s , FLEXPET™ – Green PET made from bio-ethanol produced from plant-based inputs such as sugarcane won it the Sustainability Award in California, US. FLEXPET Green PET Films are approved for direct food contact by the US Food and Drug Administration and regulators in Europe, exhibit the same functional properties as BOPET films made from conventional PET resin.
India’s largest flexible packaging company Uflex Ltd has been recently conferred with the silver award at the 27th DuPont Awards for its innovative moisture proof cement bag –‘Flex SafePack’. An excellent example of packaging innovation, Flex SafePack is specially designed to keep moisture and water from entering into the bag, helping the cement withstand harsh environments and maintain its full functionality over an extended period of shelf life.
The cement industry in India is the second largest in the world and has been facing a chronic problem of moisture entering into the bag due to which the product deteriorates during transportation and storage. An estimated 3% of all cement packaged and sold by the industry is lost due to moisture and associated lump formation.
In developing the SafePack, Uflex addressed two conflicting requirements: providing de-aeration holes required for air to escape during filling and prohibiting moisture from entering into the bags during storage and distribution. Uflex has been able to achieve this by producing a hermetically sealed flat-bottom woven polypropylene (WPP) bag. The bag laminate structure is put through a special nano embossing and finishing operation after extrusion coating the inner surface of the bag. SafePack can be printed with high quality graphics comprising up to 10 colours using high-definition reverse rotogravure printing imparting a premium look to a commodity product.
Commenting on the award, Ashok Chaturvedi, Chairman and Managing Director of Uflex said, “It is a humbling moment for Uflex that SafePack has been awarded for technological innovation by none other than DuPont. This award is a further acknowledgement of Uflex’s continued commitment towards innovation and value addition to clients’ businesses. I would like to congratulate the entire team involved in the development of SafePack for developing such a revolutionary product that has been able to curb the serious challenge that the cement industry has been grappling with.”
UFLEX Ltd. adjudged number one in terms of Total Income in the Packaging and Allied Activities sector by Dun &Bradstreet
India’s largest flexible packaging company Uflex has been adjudged number one company in the Packaging and Allied Activities Sector by Dun &Bradstreet (D&B), the world’s leading provider of global business information, knowledge and insight. D&B in its 15th edition of the report “India’s Top 500 Companies 2015″ has ranked Uflex as number one, on account of its total income in the year 2014 which is highest by any company in the sector.
‘India’s Top 500 Companies’ is among the longest running reputed publications in the country that ranks and felicitates high performance Indian companies in terms of various financial and operational parameters.
This is a great achievement yet again for the company. Ashok Chaturvedi, Chairman and Managing Director of Uflex feels that this award is an acknowledgement of Uflex’s business strategy based on the principle of Client Relationship Management. Today Uflex is the preferred supplier of flexible packaging solutions to the customers across the world. For Uflex, customer is at the core. The association with each client extends far beyond the business realms to form a strong bond as enterprise partners and not merely suppliers.. Uflex Ltd’s continued commitment towards innovation and adding value to clients’ businesses is reflected in the organization’s sustained growth over the years.
Founded in 1983, Uflex today has state of the art packaging facilities at multiple locations in India with installed capacity of over 80,000 TPA. and plastic film manufacturing facilities in India, UAE, Mexico Egypt, Poland and USA with cumulative installed capacity of around 337,000 TPA.Uflex Filmlines are accredited with ISO 9000 and ISO 14000 certifications. Uflex caters to markets spanning across the globein countries like USA, Canada, South American countries, UK and other European Countries, Russia, South Africa, CIS and African nations..The organization is in the process of setting up first of its kind Aseptic packaging plant for liquid packaging in Sanand, Gujarat with an investment of INR 550 Crores.
UFLEX Ltd (www.uflexltd.com) is listed on Bombay Stock Exchange (UFLEX: 500148) and NSE as 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 140 countries through its fully integrated set-up..The organization has vast capacities for production of Polyester chips, Biaxially Oriented Polyethylene Teraphthalate (BOPET) and Biaxially Oriented Polypropylene (BOPP) films. Qualifying for the widest spectrum of flexible packaging solution provider, Uflex Limited produces superior quality inks and adhesives. Uflex has distinctively styled unique product lines for Holography. Uflex has state-of-the-art rotogravure printing cylinder manufacturing facility further completing the process of integration. Further enhancing its product portfolio are Uflex Ltd’s packaging and converting machines which have found global acceptance in over 40 countries. Uflex Ltd offers technologically superior packaging for a wide variety of products such as snack foods, candy and confectionery, sugar, rice & other cereals, beverages, tea & coffee, dessert 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.
Some of Uflex Limited’s clients on the global turf include 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, among others.
Flexible packaging may be offering lightweight technologies, but it is quite a heavyweight in the packaging industry. In fact, flexible packaging continues to be one of the fastestgrowing packaging segments. The Indian flexible packaging market has grown to become Asia’s third largest valued at $7.2billion in 2013. The global consumption of flexible packaging is expected to reach $231billion by 2018.
It is flexible packaging with its high standard of functionality and sustainability to cater to today’s discerning set of consumer. Today flexible plastic packages can be found in super marts, grocery stores, shopping aisles etc.
Globally, the use of pouches for snacks grew by 7% in the year 2012-13. Pouches for sauces, juices registered a growth of 20% in the same duration. Other categories like baby food, side dishes grew by 102% and 58% respectively in the same period. Pouch packaging also saw a 32% growth in the pet food segment in the duration 2009-13. So what makes flexible packaging so popular? We list some of them here:
Flexible packaging is flexible!
Added to its functionality is the aspect of convenience that makes this form of packaging climb the popularity charts. Giving the consumers the convenience they desire has been the hallmark. The stand up pouches come with resealable options like screw on caps which make the product more convenient and sustainable. Spouted pouches are a popular choice among the consumers, manufacturers, and retailers due to their ability to inhibit harmful impact on the environment, their ease of use, inexpensive nature, and flexible packaging options.
Flexible style of packaging can be customized into practically any shape or size. They can also incorporate a variety of colors and styles. A different looking packet is bound to attract the eye of the consumer and hence help the businesses and brands gain recognizition. The process is cheap so even the most cost conscious business can afford it.
Sustainable ideas and environmental friendly packaging is at the helm of innovation for the flexible packaging companies all over the world.Much of flexible packaging’s sustainability comes from the fact that it has reduced materials usage and lighter weight.. There is less wastage and less use of energy and water at the manufacturing level.
Flexible packaging today offers a variety of packaging options that has shrink sleeves, resealable option, rise up plastic packages, zip pouches, stand up pouches etc. These help the food take the shape of the package and preserve the content for a longer shelf life. The quality of lamination also helps preserve the food and its taste for a longer period.Many companies like Uflex Ltd., are involved in R&D of new materials that will permit flexible packaging to have more sustainable option like recycling, composting, 0% wastage etc.
Informative& Design friendly
Customers look for honesty in the brands they choose to use. They also like to see the products they are buying. Simply said, they want to know whether the contents listed on the package are exactly what they are to find inside it and also that the product is not compromised with. For that manufacturers allow for a transparent panel in the packaging which can display the product and also design to ensure that their packages look trustworthy. This form of packaging also enables a printable surface so brands can determine how much of the product to showcase, while maintaining brand impact.
Flexible packaging allows for a new and sophisticated printing and designing techniques to be used on the packet. This fact alone gives the manufacturers to design attractive logos, designs, graphics etc on their package which can catch the eye of the consumer.
Flexible packaging makes it easy for design innovations that are beneficial to both brand and the end consumer. Newer innovations are making packages easier to carry, open and reseal making it one of the most convenient and preferred form of packaging. Uflex Ltd., India’s largest flexible packaging company has pioneered innovations which have revolutionarized the flexible packaging market. It offers world class flexible packaging solutions, a variety of value added flexible packaging material and sophisticated products. The company believes that the greatest improvement in the packaging industry is the flexible packaging and strives to provide smart, intelligent packaging solutions to the consumers with state of the art packaging and converting machines.
Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India’s largest flexible packaging company has registered the Consolidated net revenue for the March quarter of F.Y. 2015 of Rs. 1461 crore as against Rs. 1475 crore for the same period last year. The consolidated net profit for the quarter ended March 31, 2015 has been higher at Rs. 68 crore as against Rs. 60 crore for the same period last year up by 14%.
For the full financial year ended March 31, 2015, UFlex recorded a growth of 5% in consolidated net revenues at Rs. 6180 crore as against Rs.5863 crore for the last year. The net profit for the full financial year (FY 2014-15) has been higher at Rs. 255 crore against Rs. 202 crore in the last year, an increase of 26%. The Board has also recommended Dividend of 27%for the FY 2015.
The higher revenue growth is attributed to increased uptake of innovative flexible packaging solutions offered by the company across sectors.
According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEXLtd, “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.”
UFLEX’s agenda of global expansion and consolidation of its position as a truly Indian MNC (Multinational Corporation) is reinforced with its strategy of capacity expansion and adding manufacturing lines for various product categories across existing and newer locations to increase proximity to the markets, but also to bring broad portfolio of value added products to its clients at competitive price points. Accordingly, the Company has been on its drive to set-up new plants for developing and manufacturingmany new packaging products for existing and newer applications to achieve its growth plans in future.
Uflex’s strong manufacturing base in India, Mexico, Dubai, Egypt, Poland and USA 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.
The company offers its flexible packaging products and solutions globally to clients including 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, among others.