Breaking News on Food and Beverage Processing and PackagingWorldUSEurope

News > Financial

Uflex sales up 9% as it invests $300m in next three years

Post a comment

By Jenny Eagle+

Last updated on 13-Aug-2014 at 11:34 GMT

Uflex flexible packaging company in India, which works with Pepsi, Wrigley and Nestle, has recorded a 9% increase in sales on the Bombay Stock Exchange (BSE) and is listed on the National Stock Exchange of India (NSE).

The firm registered consolidated net revenue for the June quarter of FY 2015 of Rs.1,530 crore ($250m) against Rs.1,398 crore ($22m) for the same period last year. 

The consolidated net profit for the quarter ended June 30, 2014 has been higher at Rs.64 crore ($10m) as against Rs.43 crore ($7m) for the same period last year up by 49%.
Ashok Chaturvedi, managing director, Uflex said thehigher revenue growth is attributed to an increased uptake of flexible packaging offered by the company across sectors globally.  

It makes products including Biaxially Oriented Polyethylene Teraphthalate (BOPET), Biaxially Oriented Polypropylene (BOPP) films, lamination and pouches for snacks, candy, cereals, beverages, cheese and dairy products.

Chaturvedi said the company is now working on its expansion plans and will invest around Rs.1,800 crore ($300m) in the next three years to achieve its growth plans in the future.
Our continued commitment towards adding value to clients’ businesses, with a range of packaging and adhering to time sensitive operational practices has ensured strong relationships,” he said.

This growing relationship is reflected in our sustained growth over the years.”
Uflex's manufacturing base in India, Mexico, Dubai, Egypt, Poland and the US caters to global markets spanning the US, Canada, South America, UK, Europe, Russia, CIS countries, South Africa and other African countries, the Middle East and the South Asian Countries.

Subscribe to our FREE newsletter

Get FREE access to authoritative breaking news, videos, podcasts, webinars and white papers. SUBSCRIBE

Post a comment

Comment title *
Your comment *
Your name *
Your email *

We will not publish your email on the site

I agree to Terms and Conditions

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.