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

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…

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