UFlex Limited

India’s Largest Multinational Flexible Packaging & Solutions Company

Corporate Presentation – June 2024

Index
Corporate Presentation

Agenda Page No.

1. Company Overview 3 - 18

2. Vision, Mission & Values 19

3. Corporate Goals & Strategies 20

4. Industry Structure & Developments 21-23

5. Proven Business Strategy & Key Growth Drivers 24

6. Major Product Innovations 25-26

7. Governance and Key Management Team 27-29

8. Key Financials 30

9. Sustainability at UFlex 31-34

10. Awards & Accolades 35-36

2
Company Overview
UFlex at a Glance

❖ India’s Largest Multinational Flexible Packaging & Solutions Company.

❖ Founded in 1985 by Mr. Ashok Chaturvedi, a first-generation entrepreneur marking a great story of entrepreneurship, perseverance,
operational excellence, belief and a proven track record of success.
❖ Fully integrated to have presence across all verticals of packaging value chain - packaging films, chemicals, aseptic liquid packaging,
holography, flexible packaging, printing cylinders, and engineering which gives UFlex a superior edge above competition.
❖ World class manufacturing facilities of packaging films in India, UAE, Mexico, Egypt, Poland, USA, Russia, Hungary & Nigeria
(Cumulative Capacity – 6,09,000 TPA) and of packaging products at multiple locations in India (Current Capacity – 1,70,000 TPA).
❖ Engaged in providing end-to-end flexible packaging solutions to customers viz. packaging design & colour scheme, packaging structure,
packaging products (value added anti-counterfeiting solutions to prevent look-alikes from eroding the brand equity of our client's
world over & filling machines.
❖ First company in the world to earn recognition at the Davos Recycle Forum in 1995 for conceptualizing the recycling of mixed plastic
waste.
❖ Facilities accredited by ISO/BRC/HACCP/Intertek/FDA/DNV-GL/NABL/TÜV Rhineland.
❖ Large array of packaging products in terms of size and types of goods they can pack, touching people’s lives every day, everywhere.
❖ Focus on innovation, new product development and faster reach to the customers.
❖ Strong global sales and distribution network with customers in over 150 countries.
❖ Clientele includes P&G, PepsiCo, Mondelez, Nestle, Britannia, Haldiram’s, Amul, GSK, Coca-Cola, Mars Wrigley, Amcor, ITC among
several others.
❖ Highly experienced leadership and management team with long association. A multi-cultural company with over 10,000 trained and
skilled persons globally.
❖ Board comprises of 6 Directors which includes 4 independent & 1 Whole Time Director. Only 1 Director from Promoter Group.
❖ India Ratings and Research (Ind-Ra) has upgraded the credit rating of UFlex by two notches to ‘IND AA-’ with a stable outlook
reflecting the improvement in overall business profile of the company and Crisil has also upgraded UFlex' long term debt credit rating
to 'AA-' from 'A+' with a stable outlook.
❖ FY2022-23 achieved Consolidated Total Revenue of INR 1,35,098 MLN (USD 1,633 MLN); EBITDA of INR 15,135 MLN (USD 183 MLN);
Net Loss of INR 6,910 MLN (USD 84 MLN).
3
Company Overview
Characteristics of Flexible Packaging & Solutions

Characteristics of Flexible Packaging:

1. Preserve / Protect / Promote products – Barrier Properties/ Better Aesthetics

2. Lower energy use at all levels of Production/ Transportation/ Disposal

3. Lighter weight with reduction at source

4. Less storage space

5. Ease of transportation & convenience of handling

6. Recyclable / Re-processable – Eco friendly

7. Anti-counterfeiting features through the use of Hologram and its advanced technologies like Unigram, Fresnel
Lens, Latentogram, Stamping Foils for brand protection from look-alikes.

8. Cost effective compared to Rigid Packaging

Flexible Packaging Solutions We Offer For:

1. Solid Products (5 grams to 40 kg.)

2. Semi Liquid Products (10 ml to 1000 ml)

3. Liquid Products (65 ml to 1000 ml)

4
Company Overview
Business Presence Throughout the Packaging Value Chain

5
Company Overview
Packaging Films Business

Properties: Barrier Properties, High Tensile & Dielectric Strength, Thermal & Chemical Stability & Toughness

Application: Food Packaging, Electric Insulation, Graphic Arts and Imaging

BOPET Films
Capacity (TPA): India – 1,03,000; Dubai - 22,000; Mexico - 60,000; Egypt - 30,000; Poland - 75,000; USA -
30,000; Russia - 30,000 and Nigeria - 45,000 (3,95,000 TPA)

Brand: FLEXPET

Properties: Strong Moisture Barrier, Highly Cost Effective, Functionally Efficient

Application: Food Products Packaging (confectionery, biscuits, bakery, pasta etc.), Cigarette Cartons
Wrapping, Bags for Readymade Garments, Adhesive Tapes & Print Lamination
BOPP Films
Capacity (TPA): India - 30,000; Hungary - 42,000 and Egypt - 77,000 (1,49,000 TPA)

Brand : FLEXOPP

Properties: Highly Dynamic & Versatile Films with High Gloss, Greater Transparency, Better Heat Salability,
Good Twisting Property & Better Tear Strength

Application: Retort Packing, Food Wraps, Anti Wraps, Anti Fog, Garments Bag, Deep Freeze Applications etc.
CPP Films
Capacity (TPA): India - 22,000, Egypt - 7,000 , Dubai - 18,000 and Russia 18,000 (65,000 TPA)

Brand: FLEXCPP

6
Company Overview
Packaging Films Business

Properties: Easy to process because of flexible properties, Gets back to original shape even after folding, Can
be used in outer, middle or inner layer because of sealing properties, Easy to slit in narrow widths, High shelf
life

Metalized Films Application: Snack food packaging, Biscuits & other Bakery products, Packaging of PET food etc.

Capacity (TPA): India – 70,000; UAE – 5,400; Mexico - 10,800; Egypt – 72,000; Poland - 30,000 ; USA – 7,500
; Russia - 8,000, Hungary – 24,000 and Nigeria – 15,000 (2,42,700 TPA)

Brand: FLEXMETPROTECT

Properties: AlOx coating is the application of a thin and highly transparent coating of aluminum oxide on
packaging films that gives the materials extremely high moisture and gas barrier properties that rival those
of aluminum foils and metalized Films. It is the only truly high-barrier flexible packaging material available
that is transparent and allows the packaged product to be clearly visible.

AlOx Coated Films Application: dried meat, snacks, confectionery, microwavable foods, Sterilization , fresh food, dried food,
confectionery, pharmaceutical, personal care, microwavable, retort convenience food etc.

Capacity (TPA): Mexico – 7,000 and Egypt – 4,000 (11,000 TPA)

Brand: FLEXALOXPROTECT

Properties: PCR films technology is a family of plain, treated, coated, high barrier and heat-sealable BOPET
films based on upto 100% post-consumer waste recycled (PCR) PET Resin.
PCR Films
Application: Labels & Packaging.

Brand: Asclepius
7
Company Overview
Flexible Packaging Business

Products:

Flexible Laminates: Made out of combinations of BOPP, BOPET, VMPET, VMOPP, BON, CPP,
Aluminum Foil, Paper, LDPE/LLDPE/m-LLDPE, HDPE, Acid Co-Polymer, Ionomer, Saran Coating,
Security Holograms

Pre-Formed Pouches: Stand-up/Centre-sealed, Three Side Sealed, Gusset Pouches and Bags; Re-
closable Zipper and Slider Pouches (for powders and granules); Re-closable Cap and Pouring Spout
Flexible Laminates, Pouches (for liquids); Carry bags, Gift and Promotional Bags, Big Pouches & Bags, Flexi Tubes, Aseptic
Pouches, Bags, Flexi - Liquid Packs etc.
Tubes & Liquid Packs

Personal Protective Solutions: Six-layered N95 Masks and dual purpose sanitizer ‘FLEXGUARD-I’

Capacity for Flexible Packaging (TPA): 1,00,000

Capacity for Aseptic Liquid Packaging (TPA): 70,000 (7 Billion Packs Per Annum)

Total Capacity for Packaging (TPA): 1, 70,000

Products: Holographic, Metalized Films; Holographic, Metalized transfer to paper with or without
printing; Gift Wraps; All Purpose Slider Bags; BOPET Films Laminated to Paper; BOPP with or without
Holography Surface Printing, Stamping Foil, Spot Holograms, Fresnel lens etc.

Capacity (TPA): India –18,000

8
Company Overview
Flexible Packaging Business

Products:

▪ llOT enabled Converting Machines: Extrusion Coating & Lamination Machine ‘EX LAM 400’
designed with high-line speed of 400 mpm; Solvent less Laminator Machine ‘Super S-1300’; and
Gearless CI Flexo Printing Press ‘Elisa’ with high automation level making UFlex the first ever Indian
company to offer it.
▪ Form Fill & Seal Machines: Range spread over single, twin, multi-track on a technological platform of
Packaging ,
servo motors & drives.
Converting and
▪ High Speed Pouch Making Machines: Tailor made for 3D, Stand-up, Centre Seal, Slider Zipper Pouch
Recycling Machines
technology.
▪ Converting & Wrapping Machines: Rotogravure and Flexo Printing, Lamination, Slitting, Inspection,
Holographic Machine and for Round & Rectangular Objects like Biscuits, Soaps, Cassettes, IV Bottles.
▪ Special Purpose Machines: Vacuum Brick Pack Machines, Pick Fill & Seal Machines.
▪ Recycling Machines: ReLam -250.

Capacity (Nos): 500 machines per year

Reach: Accepted in > 35 countries

Products: Inks & Adhesives / Rotogravure Cylinders & Metallic Dies

Applications: Inks – used for printing on a substrate (film) and then dried
Allied Materials Adhesives – applied on multiple application roll that applies the adhesives to Substrate (film)

Capacity: Inks & Adhesive - 62,000 TPA and Rotogravure Cylinders - 108,000 Cylinders/Years.
9
Company Overview
Group Companies Structure

UFlex LIMITED

Overseas Businesses Indian Businesses

UFlex Packaging Inc. UFlex Europe Limited ➢ Packaging Films

Sub.: 100% | Loc.: USA Sub.: 100% | Loc.: UK ➢ Packaging
➢ Chemicals
Flex Middle East FZE Flex Chemicals (P) Ltd. LLC ➢ Engineering Noida
Sub.:100% | Loc.: UAE Sub.: 100% | Loc.: Russia ➢ Cylinders
➢ Holography
Digicyl Pte. Limited
40.83% 59.17%
JV: 50% | Loc.: Singapore
➢ Packaging
Flex P. Films Egypt S.A.E UPET Holdings Limited ➢ Cylinders
Sub.: 100% | Loc.: Egypt Sub.: 100% | Loc.: Mauritius Jammu
➢ Chemicals
Digicyl Limited
Sub.: 100% | Loc.: Israel ➢ Holography
Flex Films (USA) Inc.
Sub.: 100% | Loc.: USA UPET (Singapore) PTE. Ltd.
Sub.:100% | Loc.: Singapore ➢ Aseptic Liquid
Flex Films Africa Pvt. Ltd. Packaging Sanand
Sub.: 100% | Loc.: Nigeria
Flex Americas S.A. de C.V.
Flex Films Rus LLC Sub.: 100% | Loc.: Mexico
Sub.: 100% | Loc.: Russia

Flex Films Europa Sp. Zo.o. USC Holograms Pvt. Ltd.

Sub.: 100% | Loc.: Poland Sub.: 68% | Loc.: India
Flex Films Europa KFT
Sub.: 100% | Loc.: Hungary
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Company Overview
Packaging Manufacturing Facilities & Services

India’s Largest Multinational Flexible Packaging & Solutions Company

UFlex has over thirty years of experience in polymer technology. Setting milestones of success and
innovation, UFlex is known for manufacturing and supplying products, delivering customized flexible
packaging solutions and services across the globe to become an inextricable part of customers’ life.

Packaging Films: BOPET films | BOPP films | CPP films | High barrier metalized films | Alox coated films
| Asclepius PCR films | Speciality films | Polyester chips

Chemicals: Printing inks | Ink binders | water based, solvent based and solvent free laminating adhesives
| UV & LED inks and coatings | Specialty chemicals as polyols, primers and special effect coatings

Aseptic Liquid Packaging: Innovation packs with holography and foil stamping | Packaging materials for
Base/Slim/Ultra lean/Crown/Leaf/Pillow/Trio/Wedge/Spectra | Aseptic filling lines ‘Flexpress 10000’ |
Asepto pro technical services | ASip – U shape paper straw

Holography: Holograms | Security documents | Holographic films | Holographic aluminium lidding foil
| Holographic PVC blister | Paper & board transfer | Holographic thermal films | Sequins films | Glitter
films | Hot melt foil films | Hot stamping foils | Registered lens technology

Flexible Packaging: Flexible packaging laminates | Pre-fabricated pouches | Easy-tear sachets | Big bags
| Block bottom bags | Premium shower-proof bags | FlexiTubes | FlexFresh modified atmospheric
packaging | Pharmaceutical packaging

Printing Cylinders: Electromechanically & laser engraved rotogravure cylinders for printing | Laser
engraved coating cylinders for extreme high & low GSM | Embossing cylinders | Robotic laser engraved
specialised rotogravure cylinders | Flexographic polymer printing plates | Flexographic elastomer
printing plates

Engineering: Packaging machines | Converting machines | Recycling machines | Specialty product

machines | Aseptic liquid filling machines

UFlex state-of-art manufacturing capacity for packaging products of over 1,70,000 TPA with plants located in Noida, Jammu & Sanand.
11
Company Overview
Packaging Films Manufacturing Facilities & Capacity

India UAE
➢ Plant Located in Noida, Uttar Pradesh ➢ Plant Located in Jebel Ali Free Zone, Dubai

❖ BOPET Films: Three 6.7 meter wide Biaxially Oriented Polyethylene ❖ BOPET Films: One 6.7 meter wide Biaxially Oriented Polyethylene
Terephthalate (BOPET) Film Lines with a cumulative manufacturing Terephthalate (BOPET) Film Line with a capacity of 22,000 TPA
capacity of 58,000 TPA
❖ CPP Films: One 2.95 meter wide Cast Polypropylene (CPP) Film
❖ BOPP Films: Two 6.7 meter wide Biaxially Oriented Polypropylene Line with production capacity of 18,000 TPA
(BOPP) Film Lines with a combined capacity of 30,000 TPA
❖ Metalized Films: One 2.5 meter wide plasma enhanced state-of-
❖ CPP Films: One 2.45 meter wide Cast Polypropylene (CPP) Film Line the-art high-barrier metallizer with a capacity of 5,400 TPA
with production capacity of 4,000 TPA

❖ Metalized Films: Six 2.5 meter wide plasma enhanced high-barrier

metallizers with a cumulative capacity of 40,000 TPA

Films Business (Noida, India) state-of-art facility has an installed Flex Films (UAE) state-of-art facility has an installed capacity to
capacity to produce over 92,000 MT of BOPET/BOPP/CPP Films p. a. produce over 40,000 MT of BOPET/CPP Films per annum

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Company Overview
Packaging Films Manufacturing Facilities & Capacity

MEXICO EGYPT
➢ Plant Located in Industrial Altamira, Tamaulipas ➢ Plant Located in North Extensions Of Industrial
Zones, 6th October City
❖ BOPET Films: Two 8.7 meter wide Biaxially Oriented Polyethylene
Terephthalate (BOPET) Film Lines with a cumulative capacity of
❖ BOPP Films: One 10.4 & One 8.7 meter wide Biaxially Oriented
60,000 TPA. High Barrier, High Bond, Heat Seal Specialized Films
Polypropylene (BOPP) Film Lines with a production capacity of
and ‘Asclepius’ 90% Post Consumer Recycle (PCR) Sustainable
77,000 TPA.
Films.
❖ BOPET Films: One 8.7 meter wide Biaxially Oriented Polyethylene
❖ Metalized Films: Two 2.45 meter wide plasma enhanced
Terephthalate (BOPET) Film Line with a capacity of 30,000 TPA.
advanced high-barrier metallizers with a combined production
capacity of 10,800 TPA.
❖ CPP Films: One 3 meter wide Cast Polypropylene (CPP) Film Line
with a capacity of 7,000 TPA.
❖ AlOx Coated Films: One 1.25 & One 1.6 meter wide Alox Coater
with a cumulative capacity of 7,000 TPA.
❖ Metalized Films: Ten normal & high plasma enhanced advanced
metallizers with a cumulative capacity of 72,000 TPA .

❖ AlOx Coated Films: One Alox Coater with a capacity of 4,000 TPA.

Flex Films (Mexico) state-of-art facility has an installed capacity to Flex Films (Egypt) state-of-art facility has an installed capacity to
produce over 60,000 MT of BOPET Films per annum produce over 1,14,000 MT of BOPET/BOPP/CPP Films p.a.

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Company Overview
Packaging Films Manufacturing Facilities & Capacity

POLAND USA
➢ Plant Located in Sikorskiego, Września ➢ Plant Located in Elizabethtown, Kentucky
❖ BOPET Films: One 10.4 & One 8.7 meter wide Biaxially Oriented ❖ BOPET Films: One 8.7 meter wide Biaxially Oriented Polyethylene
Polyethylene Terephthalate (BOPET) Film Line with a cumulative Terephthalate (BOPET) Film Line with a capacity of 30,000 TPA.
capacity of 75,000 TPA. High Barrier, High Bond, Heat Seal Specialized Films and ‘Asclepius’
90% Post Consumer Recycle (PCR) Sustainable Films.
❖ Metalized Films: Four 2.85 meter wide plasma enhanced cutting
edge high-barrier metallizers with a cumulative capacity of 30,000 ❖ Metalized Films: One 2.85 meter wide plasma enhanced high-
TPA barrier metallizer with a capacity of 7,500 TPA.

Flex Films (Poland) state-of-art facility has an installed capacity to Flex Films (USA) state-of-art facility has an installed capacity to
produce over 75,000 MT of BOPET film p.a. produce over 30,000 MT of BOPET film p.a.
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Company Overview
Packaging Films Manufacturing Facilities & Capacity

Russia Hungary
➢ Plant Located in Stupino, Moscow Region ➢ Plant Located in Rétság, Ipari Park - 7

❖ BOPET Films: One 8.7 meter wide Biaxially Oriented Polyethylene ❖ BOPP Films: One 10.4 meter wide Biaxially Oriented Polypropylene
Terephthalate (BOPET) Film Line with a capacity of 30,000 TPA. (BOPP) Film Lines with a production capacity of 42,000 TPA

❖ CPP Films: One 2.95 meter wide Cast Polypropylene (CPP) Film ❖ Metalized Films: One 2.5 meter wide plasma enhanced avant-garde
Line with production capacity of 18,000 TPA metallizer with a capacity of 24,000 TPA.

❖ Metalized Films: One 2.5 meter wide plasma enhanced avant-

garde metallizer with a capacity of 8,000 TPA.

Flex Films (Russia) state-of-art facility has an installed capacity to Flex Films (Hungary) state-of-art facility has an installed capacity to
produce over 48,000 MT of BOPET/CPP film per annum produce over 42,000 MT of BOPP film per annum
15
Company Overview
Packaging Films Manufacturing Facilities & Capacity

Nigeria India
➢ Plant Located in Ikenne, Ogun State ➢ Plant Located in Dharwad, Karnataka
❖ BOPET Films: One first-of-its-kind 10.6 meter wide Biaxially ❖ BOPET Films: One 10.6 meter wide Biaxially Oriented Polyethylene
Oriented Polyethylene Terephthalate (BOPET) Film Line with a Terephthalate (BOPET) Film Line with a capacity of 45,000 TPA.
capacity of 45,000 TPA.
❖ CPP Films: One 2.95 meter wide Cast Polypropylene (CPP) Film Line
❖ Metalized Films: Two 2.5 meter wide plasma enhanced avant- with production capacity of 18,000 TPA.
garde metallizer with a capacity of 15,000 TPA.
❖ Metalized Films: Two 2.9 & One 3.3 meter wide plasma enhanced
avant-garde metallizer with a capacity of 30,000 TPA.

Flex Films (Nigeria) state-of-art facility has an installed capacity to Films Business (Dharwad, India) state-of-art facility has an installed
produce over 45,000 MT of BOPET film p.a. capacity to produce over 63,000 MT of BOPET/CPP p. a.
16
Company Overview
Plant Capacities

Products India Dubai Mexico Egypt Poland USA Russia Hungary Nigeria Total

(A) Main Products

➢ Flexible Packaging (TPA)
1,00,000 1,00,000
(Tubes/Laminates/Pouches/Big Bags)

➢ Liquid Packaging (Million Packs) 7,000 7,000

➢ Recycled (rPET) PET Flakes & Pellets 18,600 15,000 21,000 3,900 58,600

➢ Poly-Condensed Polyester Chips 1,68,000 1,68,000

➢ BOPET Films (TPA) 1,03,000 22,000 60,000 30,000 75,000 30,000 30,000 45,000 3,95,000

➢ BOPP Films (TPA) ( Packaging Films) 30,000 77,000 42,000 1,49,000

➢ CPP Films (TPA) 22,000 18,000 7,000 18,000 65,000

1,55,000 40,000 60,000 1,14,000 75,000 30,000 48,000 42,000 45,000 6,09,000

(B) Intermediary Products

➢ AlOx Coated Films (TPA) 7,000 4,000 11,000

➢ Metalized Films (TPA) 70,000 5,400 10,800 72,000 30,000 7,500 8,000 24,000 15,000 2,42,700

➢ Holography (TPA) 18,000 18,000

➢ Inks & Adhesives (TPA) 62,000 62,000

➢ Rotogravure Cylinders (Nos) 1,08,000 108,000

➢ Packaging & Converting Machines (Nos) 500 500

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 Company Overview
Facilities & Strong Presence at Strategic Locations

Kentucky, USA (Packaging Films) Września, Poland (Packaging Films) Stupino, Russia (Packaging Films)

Rétság, Hungary (Packaging Films)

Jammu, India (Flexible Packaging)

Altamira, Mexico (Packaging Films)

Ogun State, Nigeria (Packaging Films)

Jebel Ali Free Zone Dubai, UAE

(Packaging Films) Panipat, India (Packaging Films - PET Chip Resin)

Noida, India (Packaging Films & Flexible Packaging)

6th October City, Egypt (Packaging Films)
Sanand, India (Aseptic Liquid Packaging) Dharwad, India (Packaging Films)

Manufacturing Facilities Agents / Distributors Direct Presence

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Vision, Mission & Values

❖ VISION

“Be a leading company and preferred supplier for providing flexible packaging solutions to
customers across the world maximizing value for all stakeholders.”

❖ MISSION

“To meet customers’ dynamic packaging needs by providing innovative, productive, cost-effective,
optimized and eco-friendly packaging solutions, continually adding value to their business.”

❖ VALUES
❑ Trust & Respect

❑ Customer Value Creation

❑ Innovation

❑ Global Perspective

❑ Speed In All Directions

❑ Socio-Environmental Sustainability

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Corporate Goals & Strategies

❖ GOALS:
➢ To grow global market share

➢ To become preferred vendor for customers

➢ To grow revenues, profits and generate free cash flows

➢ To increase assets’ efficiencies to enhance return on capital

➢ To run business with environmental and social responsibility

❖ STRATEGIES:
➢ Growth through innovation to create differentiation

➢ Speed to market reach

➢ Proximity to customers to ensure quick deliveries & better service to customers

➢ Offer wide range of packaging products both in terms of size and types of goods they can pack

➢ Excel in operational efficiencies to enhance competitive position

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 Industry Structure & Developments
Flexible Packaging Industry

Indian Flexible Packaging Industry is growing at 15-17% annually. The increasing demand for flexible packaging products gives strategic advantage
to organized players in the domain. The industry provides an ideal opportunity for investment.

Rigid Packaging Flexible Packaging

• Old and traditional form of packaging • Contains multi-layered laminated sheets of single
or a combination of substrates such as plastic,
• Constitutes glass bottles, metal cans,
paper and aluminum foils in rolls or preformed
aerosol cans, battery cell cans,
sachet.
aluminum collapsible tubes, corrugated
boxes etc. • Provide strength, moisture resistance, aroma
retention, gloss, grease resistance, heat retention,
printability, low odor and better brand positioning
profile_2a

mcanfamily aerosol-can-1 Aluminium_Collapsible_Tube beacon_c

flexible_files%255Cimage004 product-collage1

Industry Structure set to change

• With urbanization and rising income levels, consumption patterns are changing substantially
• The increased interaction of India with the developed world is considerably influencing the aesthetic and quality norms of the Indian consumer,
leading to better consumption standards
• Greater consumption of branded products is giving unique identity to packaging both in terms of product quality and presentation
• Increase in the demand for quality and convenience-based products is expected to encourage the flexible packaging business
• Setting up of organized retail supply chain in India would create demand for packed goods.

Source:
• https://www.nichrome.com/packaging-insights/volume-1/flexible-packaging-in-modern-india.php
• https://www.ibef.org/download/Flexible_Packaging060112.pdf
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Industry Structure & Developments
Raw Materials for Packaging Films & Packaging Solutions

The global flexible plastic packaging market size is projected to grow from USD 160.8 billion in 2020 to USD 200.5 billion by 2025, at a CAGR of
4.5%. This segment has witnessed high growth primarily because of the increasing demand for food, beverage, and pharmaceutical products
worldwide, especially during the COVID-19 pandemic.

Flexible Packaging Products BOPET Films BOPP Films

- Amcor - Sonoco - Toray - Dupont Teijin - Jindal - Taghleef Ind.

- Print pack - Winpack - UFlex - Tianjin Wanhua - Tian An HK - Treofan

- Constantia - Huhtamaki - Mitisubishi - Polyplex - Jiangsu - Vifan

Major Players - Coveris - Mondi - Jiangsu - SKC Inc. -Cosmo - UFlex

Worldwide - Tuboplast - Neopac -Taghleef Ind. - Fuwei Films - Borealis AG - Dow Chemicals

- Montebello - AEP -JBF Group - Arkema S.A - SABIC

- UFlex - Berry Plastics

Global Market Size (Flexible Packaging) : USD 200.5 bn

Flexible Packaging Products BOPET Films BOPP Films

- UFlex - Jindal - UFlex - Jindal

- UFlex - Huhtamaki
- Garware - Polyplex - Cosmo - Max
Major Players - Amcor - Essel Propack
- SRF - Ester - Polyplex - SRF
-Multiflex - Paharpur
in India - Chiripal - Sumilon - Chiripal - Nahar Polyfilms
-NB Polyfilms - RM Convertors

Indian Market Size (Flexible Packaging) : USD 43.7 bn

Source:
•https://www.globenewswire.com/news-release/2020/10/28/2116155/0/en/The-global-flexible-plastic-packaging-market-size-is-projected-to-grow-from-USD-160-8-billion-in-2020-to-USD-200-5-
billion-by-2025-at-a-Compound-Annual-Growth-Rate-CAGR-of-4-5.html:
•https://www.nichrome.com/packaging-insights/volume-1/flexible-packaging-in-modern-india.php
22
Industry Structure & Developments
Raw Materials for Packaging Films & Packaging Solutions

PTA + MEG ❖ Used as raw material for manufacturing of polyester films,

polyester yarn and PET bottles after intermediary poly
condensation process

recycled-polypropylene-granules-28pp-29_10481582

milky-pp-granules_10301579

❖ Used as raw material in the production of polypropylene films

Poly Propylene
Granules ❖ Three general types of PP: homo-polymer, copolymer and
block polymer

❖ Used as raw material in the production of poly films 619

recycled-high-density-polyethyelene-granules-28hdpe-29_10481583

❖ Can be of three types, depending on the end use

Poly Ethylene requirement
Granules ❑ LDP: Lower Density Poly Granules
❑ LLDP: Linear Lower Density Poly Granules
❑ HDP: High Density Poly Granules

Inks and Adhesives ❖ Rotogravure inks and adhesives are used in the printing &
lamination process respectively

Others ❖ These materials are used as per the specifications of the

Foils/ Paper/ packaging products.
Solvents etc.

23
Proven Business Strategy & Key Growth Drivers
Distinct Features

◼ Provides complete flexible packaging solution i.e. Packaging Design,

Packaging Structure, Packaging Products , Color Scheme, and
Integration Equipment's
◼ Flexibility in innovation & product development

◼ Large capacities built up at strategic locations around the world

World Class Manufacturing
Facilities ◼ Reliability of quality and Assured timely delivery

◼ Efficient commissioning of the project in shortest time with lowest

Technical
capital cost
Competence & Expertise
(Soft Skills) ◼ Efficient operation of the plants with higher productivity

◼ Innovative packaging concepts with & without IPRS/ providing higher

growth opportunities
Continued Focus on
Innovation and New Product ◼ Large array of products (2-3 new products to be launched every year)
Distinct Features Development ◼ Provides competitive edge

◼ Entails relatively higher margin than standard products.

Strong Sales & Distribution ◼ Large S & D network on global basis

Network ◼ Entails diversified & valuable customers with global business potential

◼ Improves global reach

Global Expansion Strategy ◼ Better service to customers

◼ Advantages of competitive

Strong Leadership &

◼ Experienced & long association
Management Team
24
Major Product Innovations

Some of the recent updates of product innovations and launches from UFlex are listed below:
Packaging Films
➢ Water-based adhesives FLEXBOND SF WET LAM – 1178 for side and bottom
➢ Metallised and Transparent High Barrier Easy Tear Polyester (F-ETB) Film sealing compatible with high-speed mono carton making machines.
➢ ‘F-TFE’ Thermoformable BOPET Film and High barrier BOPET film F-AFR-M ➢ FLEXBOND WB White water-based adhesive with superior bond strength and
opacity for food and non-food packaging applications.
➢ ‘F-POX’ Excellent Oxygen and Moisture Barrier Transparent BOPET Film
➢ FLEXGREEN series UV flexo laminating adhesive HRK09990 for high-end label
➢ Ultra-high gas & moisture barrier, high metal bond and three-ply easily recyclable
and tag printing applications.
metallized BOPET film F-UHB- M designed to replace aluminium foil.
➢ Flexcure opaque white ink delivering consistent cure at highest speed and good
➢ Superior oxygen and moisture barrier metallized recyclable two-structure BOPP
adhesion for shrink sleeve application.
film B-TUH-M with robust seal strength for food packaging applications.
➢ High-performance strong opacity sealing for packaging with FLEXBON
➢ Multi-layered mono-material recyclable BOPP film B-TGM with outstanding
601A_FLEXBON 601W adhesive to make the pack eye-catchy.
oxygen, aroma & moisture barrier for packing of dry food items
➢ Two component solvent-free adhesive FLEXBON 702A_FLEXBON 777C for
➢ Superior oxygen & moisture barrier transparent BOPP film B-TEM
multiple laminates that delivers speckling-free performance in snack packaging.
Aseptic Business
➢ FLEXCURE SUPER GLIDE UV COATING applied over inks for lustrous looking food
➢ Paper-based structure replacing metal foil and poly for aesthetically rich look and non-food packs such as PVC sheet, mono-cartons and book titles.
pharma packs for an OTC brand.
➢ Solvent based ink FLEXFAB HR INK to deliver sharp printability on HDPE/PP
➢ Aseptic pillow packs were also supplied to dairy brand Thirumala for packing milk. woven structure used for cement & fertilizers packaging.
➢ Foil stamping aseptic packs for liquor brand UDAAN from RADICO Khaitan to ➢ New generation UV ink FLEXCURE Sheetfed MT Series for offset application for
elevate aesthetics. metal packaging decoration.
Chemicals Business ➢ FLEXCOAT AQUABAN water repellent coating for kraft paper for use in
corrugation boxes.
➢ Epoxy Acrylate, Polyester Acrylate and Flexcure Super Matt and Flexcote MH 785
Holography Business
➢ Flexseal HSL 1025 (G) and Flexseal HSL 1024 (F)
➢ Holography Beeds Designs for HM & Sequins Film
➢ Flexgreen Sprayable top coat gloss coating and Flexseal Ecocoat
➢ Checkered Pattern Hot Stamping Foil
➢ Patent for Solvent-Free Pigmented White Adhesive
➢ 3D Optics as a superior security feature for product authentication
➢ Flexcure Sheetfed “Bio” Series for Offset Application (with >40% BRC)
➢ Floating lens film with customized brand logo and Sustainability in textile
➢ Flexcure Low Migration “Nutri Series” for aseptic packaging
products
➢ FLEXBOND SF WET LM 35 Water-based Adhesive for Wet Lamination Application
➢ High-end security solutions in pharma packaging
➢ Retort grade 2K PU Adhesive FLEXCOTE HP 875/ FLEXCOTE HP 75
➢ Fresnel Lens Self-Adhesive Holographic Labelling Solution to Prevent
➢ High on performance PU resin FLEXPAK 2765 for 1K matt coating on printed films Counterfeiting & Enhance Aesthetics 25
Major Product Innovations

➢ Multi-coloured Holographic Textile Foil with New Pattern for Enhanced Aesthetics ➢ 3D Pouch for Dormulin 5kg Vegetative Fertilizer
➢ Plastic-grade Hot Stamping Foil for Premium Aesthetics on Stationary Products ➢ 3D bags with extra attachment of perforation for toy/stationary packaging
to give children an easy-tear experience.
➢ PVC sparkle glitter film for photo album application to treasure memories.
➢ Standee spout pouches with BON and special grade PE to pour out
➢ Unbreakable and flexible mirror film made of soft polyester material for safe use in
delivered hot tea without spillage.
toys for children and fashion accessories.
➢ Paper-based sustainable packaging laminate with registered hot stamping
➢ Ultra-matte effect foil for high-end home furnishings to deliver foil prints, metal
for Tetley’s green tea bags.
embellished designs and brass finish.
Printing Cylinders Business
➢ Sparkle glitter effect film for decorative applications in carry bags, gift-wraps,
premium gift boxes, textile laces, photo albums, etc. ➢ Carving effect through laser embossing on PVC
➢ Holographic lidding foil with special invisible ink to arrest counterfeiting in pharma ➢ Laser embossing on the shoe soles
packs.
➢ Aesthetic effect on shoe foxing and Anti-skidding pattern on foot mat
Flexible Packaging Business through laser embossing
➢ Teen Ikka 25 Kg WPP Top and Bottom Pinch Bag With Foil Stamping ➢ Embossing Effect on Fabrics and Attal Promotional Bags
➢ Enhancing consumer engagement via variable data incorporation in packaging ➢ Flexo KodakNX printing plates manufacturing for easy and improved print
quality on all substrates.
➢ Eco-friendly Chotu Pack and 3.2 Litre re-closable stand-up pouch for Surf Excel
Engineering Business
➢ 3D Pouch with Registered Window Metallization for Premium Brown Sugar by Triveni
Engineering ➢ Accu Slit-3300 and LPFS-4U and Quick change over in Rotogravure Printing
➢ Profile Spout Pouch with Re-closable Option & Easy Pour Experience for BB Royal ➢ TOROSLIT-1650, a High-speed Turret Slitter for Wide Web Widths
Cold-press Cooking Oil
➢ Time efficient, high-accuracy Combi Laminator for dry and solvent-less
➢ 3D Pouch with Paper-based Barrier Laminate for Beachville Coffee Roaster lamination process to serve packaging of food, building materials & dry
chemicals.
➢ Material reduction at source with three-ply stand-up sustainable spout pouches to
pack large quantities of liquid. ➢ Reverse Registered Coating on pre-printed substrates through lamination
machine.
➢ Recyclable mono-material BOPP based structure with cold seal for a global chocolate
brand’s India launch. ➢ High-speed Trim Rewinder TRIM LINE 1000 for slitting jobs, marking a step
towards organized recycling of trimming.
➢ High barrier mono-material recyclable bag for snack packaging for Danish brand KIMS.
➢ Registered lamination process led machine for clear view product
➢ MOPE based PE mono-polymer recyclable bag for large quantity rice packaging.
packaging.
➢ Value-added specialized matt finished PET polyester packaging in different sizes for
➢ Pre-formed pouch making machines with holographic strip integration
Fidele pet food.
within pre-printed films and 100% 'i-mark to i-mark' registration accuracy to
➢ 50% higher barrier three-side sealed PET film pouch for frozen food packaging. arrest counterfeiting challenges & enhance packs looks. 26
Governance and Key Management Team
Corporate Governance

❖ 3 Tier Governance framework with proper delegation of decision making at all levels.

• Board & committees

• Management committees

• Heads of business group & corporate functions

❖ Board composition comprises

• 4 Independent Directors out of 6 members. One Whole Time Director. Only 1 Director from the
Promoter Group (Founder, Chairman & Managing Director)

❖ Board constituted committees to exercise strategic supervision & control over statutory, regulatory,
systemic & other operational matters of the company within the overall supervision and control of Board
of Directors.

27
Governance and Key Management Team
Management Team

The company has a very strong and experienced management team with proven track record and long association, almost since the inception.
❖ Ashok Chaturvedi, Chairman & Managing Director ❖ Rajesh Bhatia, Group President (Finance & Accounts) & CFO
Mr. Ashok Chaturvedi is First Generation Entrepreneur and the Founder Mr. Rajesh Bhatia is a Commerce Graduate and an Associate Member of The
Promoter of UFlex Group. He paved the way and assumed leadership position in Institute of Chartered Accountants of India (ICAI). He brings with him wealth of
the flexible packaging industry with his vision, dynamism, and passion for rich experience of almost 30 years in the fields of Finance, Accounts, Taxation,
developing innovative packaging solutions over the last 35 years. Mr. Ashok Administration and Commercial & Business Development. His last assignment
transformed a small business to a Global Enterprise with revenue of around was as CFO & CEO – Global Business of Jindal Steel & Power Limited (JSPL). At
USD 1 Billion. He is revered as the 'Father of the Flexible Packaging Industry in UFlex, his main responsibilities include formulation of financial plans &
India' and has been bestowed with several accolades to his credit. strategies; assisting in finalization of corporate plans & strategies and overall
supervision of financial management, taxation and corporate governance
Click here for full profile
matters including management of Investor Relations, Corporate
Communications and Information Technology among others.
❖ Anantshree Chaturvedi, Vice Chairman & CEO, Flex Films International
Mr. Anantshree Chaturvedi holds a graduate degree from Babson College with a ❖ Apoorvshree Chaturvedi, Director – Global Operations, UFlex Group
triple major in Finance, Global Strategic Management and Economics. He Mr. Apoorvshree Chaturvedi is the Director of European Union Operations and
learned the trade of flexible packaging both domestically and internationally Head of Corporate Sustainability Actions on ESG and Growth Related Ventures
with hands-on experience as a trainee and apprentice in India, Mexico, Poland, at UFlex Group. He drives worldwide strategic initiatives’ development and
Egypt, UAE & USA; and subsequently spearheaded the expansion of UFlex in implementation across all business verticals of the company to create a value-
USA. He currently serves as Vice Chairman of Flex Films and heads the overseas based organization across the pillars of environment, society and communities.
business. He is additionally vested with the responsibility of Global Product After beginning his journey with UFlex in 2012 as a Managerial Trainee,
Stability, R&D, HR Protocols and dons the hat of Chief Cultural Officer at UFlex. Apoorvshree spearheaded Marketing & Sales for European & Middle East
regions at UFlex. His deep interest for sustainability led him to spend two
❖ Jeevaraj Gopal Pillai, Whole Time Director, Director - Sustainability, succeeding years in the R&D division of UFlex and focus on areas of
President - Flexible Packaging and New Product Development Environmental Sustainability; Energy Consumption & Environmental
Jeevaraj Gopal Pillai is a Mechanical Engineer and an MBA. He has been Operational Performance of Films and Packaging Businesses of the Company.
working with UFlex for the past 25 years. He has over 34 years of experience in
Packaging, covering the entire gamut of packaging technology from Pre-press ❖ Ashwani K. Sharma, President & CEO, Aseptic Liquid Packaging Business
and cylinder making, different types and grades of film making, to high-end Mr. Ashwani Sharma, an MBA and graduate in Math and Chemistry has been
conversion of flexible packaging material. Mr. Pillai has a sound understanding driving large organizations globally with rich experience of 28 years. India. At
of web handling, extrusion & coating technology and bag making for varied UFlex, Ashwani steers the Aseptic Liquid Packaging Business of UFlex under the
applications.He has a command on Energy Curing Technology, Cast and Cure brand name ‘Asepto’ the first Indian manufacturer in aseptic liquid packaging.
systems, Hot Foil Stamping on Flexibles, Hologram Embossing, Actively Modified
Atmosphere Packaging Technology, thin Film Extrusion, new generation Flexi-
Tubes and Diaper Film Making Technology. He has presented paper on Plastic
Packaging and Environment, Application of E-beam Technology, Anti-
counterfeiting options and Anti-microbial Films. He has now taken over as
Whole Time Director of the Company w.e.f. 14th November 2023. 28
Governance and Key Management Team
Management Team

❖ Jagmohan Mongia, President, Packaging Films Business (India) ❖ Chandan Chattaraj, President - Human Resources (India & Global)
Mr. Jagmohan Mongia is responsible for the Films Business, India Operations. A Mr. Chandan Chattaraj is an alumnus of Xavier Institute (XISS), Ranchi and
Commerce graduate, Jagmohan did his diploma in Sales & Marketing from comes with three decades of rich experience with esteemed organizations
Bhartiya Vidya Bhawan. He comes with a rich experience of four decades in like Aircel, The Oberoi Group, Xerox India and Jubilant Organosys where he
industries like Textile, Steel and Paints and has worked with renowned companies has held leadership positions. He is also a member of the Core team of World
like Berger Paints and Garware earlier. Jagmohan has been associated with UFlex HRD Congress. At UFlex, he is responsible for Human Resources (India &
for over 25 years now. Jagmohan brings in a strong expertise of Sales & Global).
Marketing domain and has a proven track record of business development and
building strong sustainable organizations. Under his leadership, Films Business
revenue has been consistently growing along with the market share. ❖ Dinesh Jain – President - Legal & Corporate Affairs
Mr. Dinesh Jain is a MBA and LLB & LLM (Gold Medalist) from Agra University.
❖ P. L. Sirsamkar, President - Technical & New Product Development, He has a rich and rewarding experience of four decades overall out of which
Packaging Films Business he has been associated with UFlex for almost three decades. At UFlex, he is
Mr. P.L. Sirsamkar is Instrumentation & Electronics Engineer and has been with responsible for Legal & Corporate Affairs and Corporate Social Responsibility
the Group for over 26 years. Prior to UFlex, he worked with several reputed undertakings of the Group.
organizations like Garware & Polyplex. He has been actively involved in setting up
all the Packaging Films projects at UFlex and subsequently steering successful ❖ Rajesh Bhasin, President, Chemicals Business
operations & development of value-added Packaging Films.
Mr. Rajesh Bhasin has meritorious experience of over 29 years of handling
challenging and complex marketing assignments. He has held leadership
❖ Yogesh Kapur, Executive Vice President, Holography Business positions at Pidilite, Jubilant Organosys and Essel Propack before joining
UFlex where he heads the Chemicals Business.
Mr. Yogesh Kapur is an accomplished industry leader with 30+ years of domestic
& international experience in Operations Management, Profit Centre
Management, B2B Marketing & Sales and Strategic planning in the management ❖ Parwez Izhar, Senior Vice President, Printing Cylinders Business
of both - startups & growth organizations. A BE in Electronics & Mr. Parwez Izhar is a BE in Electronics & Telecommunication from BIT Sindri
Telecommunication from NIT, Yogesh has done his Executive Development and M. Tech from Manav Bharti University, Himachal Pradesh. A Lean 6-
Program from Indian Institute of Management (IIM), Bangalore. In his role at Sigma Black Belt Champion, he holds a Master’s Degree in Finance,
UFlex, Yogesh leads the company’s Holography Business. Operations and Strategy from XLRI, Jamshedpur and has done a course in
Implications of Artificial Intelligence on Business Strategy from Massachusetts
Institute of Technology Sloan, USA. Parwez brings with him close to three
decades of experience and leads the Cylinders Business at UFlex.

29
Key Financials
Financial Summary

UFlex Limited- Consolidated

(INR in MN)
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
-Total revenues 61,812 67,317 79,748 74,316 89,149 1,32,368 1,47,845 1,35,098
- EBITDA 8,989 9,026 10,075 11,089 18,270 22800 18,785 15,135
- Net Profit 3,485 3,105 3,138 3,698 8,429 10,983 4,807 -6,910
- Cash Accruals 6,561 6,606 7,405 7,812 14,036 16,172 10,715 -69
- Gross Block 61,243 64,259 68,721 89,400 1,00,773 1,11,087 1,29,210 1,40,690
- Net worth 36,441 39,796 43,043 46,971 55,566 66,958 75,055 72,250
- Total debt 21,178 21,099 21,327 36,861 40,827 46,151 55,772 67,196
- Total Debt : Equity (times) 0.58 0.53 0.5 0.78 0.73 0.69 0.74 0.93

(USD in MN)
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
- Total revenues 953 1,035 1,153 986 1,213 1,746 1,840 1,633
- EBITDA 139 139 146 147 249 301 234 183
- Net Profit 54 48 45 49 115 145 60 -84
- Cash Accruals 101 102 107 104 191 213 133 -1
- Gross Block 945 988 994 1,186 1,371 1,465 1,608 1,700
- Net worth 562 612 622 623 756 883 934 873
- Total debt 327 324 308 489 555 609 694 812
- Total Debt : Equity (times) 0.58 0.53 0.5 0.78 0.73 0.73 0.74 0.93

Exchange Rate (INR / USD) 64.84 65.04 69.17 75.39 73.5 75.81 80.33 82.75

30
Sustainability at UFlex

THE ULTIMATE DESTINATION SUSTAINABILITY INITIATIVES TOWARDS GREEN PACKAGING

❖ UFlex Group has been a trendsetter when it comes to sustainable ❖ Ensuring 100% Recyclability of Multi-Layer Packaging with RELAM
innovation and commitment towards the ‘Circular Economy’, via its
250 recycling machine
technologies, diverse product portfolio and processes.
UFlex has developed a recycling machine RELAM 250 induced with a technology
❖ It is the ‘first company in the world to recycle mix plastic waste’ for
that enables recycling of multi-layer packaging and makes it possible to recover
which it earned recognition at Davos Recycle Forum in 1995, way ahead
high-quality granules, despite the presence of different layers of polymer having
of other companies from developed economies.
different characteristics. The latest technology enables recycling machine to
❖ UFlex’ global sustainability campaign 'Project Plastic Fix' is a four-fold converts all types of MLP waste into granules.
approach towards sustainable and eco-friendly packaging enabling to
The recycled plastic granules from MLP waste can be used in injection moulding
keep plastic in the economy and out of the environment.
applications to make flower-pots, dustbins, road dividers, door panels, paver
tiles, outdoor furniture and many other daily use items. This MLP machine has
been installed in UFlex’ Noida plant and the company has been offering
technology support and manpower training to the industry to set up similar
recycling units.

❖ UFlex conferred with Best Paper Award at Recycle’95 Davos Global

Forum,1995 for Recycling of Mixed Plastic Waste
31
Sustainability at UFlex
Sustainability Initiatives Towards Green Packaging

❖ Converting its Waste Plastic into Fuel with UFlex’ Pyrolysis Plant ❖ Asclepius Green Packaging Film by UFlex to Create a Circular
UFlex commissioned its Pyrolysis Plant at its Noida facility in October 2018, Economy
earning it the distinction of first such plant in North India. Pyrolysis is a FlexFilm’s Asclepius film technology is a family of plain, treated, coated, high
process of chemically decomposing organic materials at elevated barrier and heat-sealable BOPET films based on upto 100% Post consumer
temperatures in the absence of oxygen. The Pyrolysis plants’ reactors can waste recycled (PCR) PET Resin. Flex Films has been offering an entire range of
convert 6 tonnes of discarded waste material that’s generated every day PCR grade film having upto 100% post-consumer recycled PET content under
from printing, unused trim, laminates, tubes and other unprocessed material the brand name Asclepius . These PCR film derived from post-consumer PET
into three forms of fuel- liquid fuel, hydrocarbon gas and carbon black- bottle waste have the same attributes as its twin substrate made out of fossil
further utilized in manufacturing processes. Carbon black powder is cooled fuel are used and re-used for multiple applications like packaging and label
and packed into bags for further use as a solid fuel. material, creating a loop economy.This film represents a 75% reduction in
Mixture of pyrolysis oil vapour and hydrocarbon gas exits the pyrolysis carbon footprint and comes with enhanced sustainability and significantly lower
reactor and is subjected to fractional condensation to get separate fractions net energy requirement for production when compared to virgin BOPET grades
of hydrocarbon gas; pyrolysis wax; and pyrolysis oil. Hydrocarbon gas is used Asclepius is the only upto 100% PCR BOPET film that has received the
in pyrolysis Hot Air Generator and energy generated is fed to the pyrolysis prestigious ‘Kingfisher’ Certification from SCS Global Services. This certification
reactor for heating the plastic waste. Pyrolysis Oil or Light Distillate Oil is used corroborates to its customers and to the flexible films market, the integrity of its
as a liquid fuel in industrial boilers or Diesel Engines to produce electricity. supply chain and claims regarding PCR based film technology. Customers have
started using these films in a range of packaging and labelling applications in
order to help consumer brands achieve sustainability goals faster.

❖ World Star Awards 2021 by World Packaging Organisation (WPO) for PCR
based BOPET Film
❖ Asclepius AIMCAL 2019 Excellence in Sustainability for 90% Post-
Consumer Recycled-content (PCR) BOPET barrier film 32
Sustainability at UFlex
Sustainability Initiatives Towards Green Packaging

❖Creating ‘wealth out of waste’ by recycling post-consumer PET

Bottles, Mixed Plastic MLP waste and MLP Aseptic Packaging

1) PCR & PCPR Lines in Noida – UFlex commissioned two lines in its Noida plants in 2020
to wash and recycle Post-consumer PET Bottle & Mixed Plastic Waste Collected from
Delhi-NCR. The Post Consumer Recyclate (PCR line) converts the post consumer PET
bottle waste to form chips. These PET bottles are crushed, washed and dried up to form
chips and further upcycled to manufacture UFlex’ range of green packaging film with PCR
content Asclepius . The PCR line in Noida has capacity to recycle PET bottle waste up to
800 tons a month.The Post-Consumer Plastic Recyclate (PCPR) line washes and recycles
post-consumer mixed plastic MLP waste and recycles them into granules. The granules
derived can be used to form numerous industrial and household products like flower
pots, outdoor furniture, bucket, dustbins, paver tiles, road dividers etc. The PCPR line in
Noida has a capacity to recycle upto 850 tons of MLP waste in a month. The post-
consumer waste for Noida lines is sourced from NGOs, Producer
Responsibility Organizations (PRO) as well as Producers & Brand Owners directly.

2) Replicating Recycling Infrastructure in Poland & Mexico - UFlex commissioned a

recycling plant in Poland to reprocess post-consumer multi-layer mixed plastic waste into
granules. These recycled granules will be further used to make molded, injection molded
and extrusion molded components. Besides replicating the Poland recycling line for post-
consumer multi-layer mixed plastic waste recycling in Mexico as well, the company will
be operating a rPET/PCR line in the Mexican facility to reprocess post-consumer PET
bottles into recycled content polyester resins further upcycled to form Asclepius . The
waste will be sourced in both the countries via urban local bodies.

3) Recycling of Multi-Layered Aseptic Packaging - UFlex has invested in an advanced

Enzymatic Delamination Technology to enable aseptic packaging recycling. Enzymatic
delamination utilizes enzymes to break down the bonding between different layers of
the packaging materials, allowing for the separation of individual layers such as paper
and polyethylene/foil laminate which can be reused in the production of new products.
UFlex has established a cutting-edge facility for recycling aseptic packaging in Gwalior.

33
Sustainability at UFlex
CSR Initiatives

❖Rainwater Harvesting - As part of UFlex’s philanthropic initiatives

aimed at restoration of village ecosystem, it had supported the
rejuvenation of two ponds at Village Mohbalipur, one pond in village
Nagla Shahpur and one pond in village Dayanatpur. Taking forward its
mission to conserve the ponds and keep them well maintained, UFlex
has taken up - cleaning of these ponds, recharging of its structures,
digging, repairing of ponds’ fencing and planting new trees around it-
this quarter. Additional two new ponds in village Dayanatpur in Jewar
were also adopted for its revival and beautification. However we are
continuously maintaining the first four ponds i.e. two ponds in village
Mohablipur, one in village Nagla Shahpur and one in village
Dayanatpur.
❖Waste Management Plant - UFlex is contributing in Installation of
Scientific Bio Methanation Plant in Noida. Contributions to make
Noida as best and clean city in Swachh Bharat Mission initiated by
Hon'ble Prime Minister of India.
❖Significant Contributions /participation in Swachh Bharat Programme
initiated by Noida Authority.
❖Installation of Polywell Two Bin Sets in various Sectors of Noida to
make Noida Clean and Green.
❖Plantation with collaboration of UP Pollution Control Board to
participate in various initiatives by Environment, Forest and
Water, Ministry of, GOI. Plantation and maintenance of 5000 Trees
and plants.

34
Awards & Accolades
Key Wins

Product Awards:
❖ UFlex won 10 titles at SIES SOP Star Awards 2023 across its businesses for Packaging Innovation and Creativity .
❖ The Ministry of Power confers UFlex Chemicals with a National Energy Conservation Award in the Dyes and Pigments Sector.
❖ UFlex conferred an award for outstanding business association in the exports category by Container Corporation of India Limited (CONCOR).
❖ UFlex won 16 awards at the IFCA Star Awards 2023 for our market-leading innovation & creativity in the packaging industry.
❖ UFlex chemicals business named the 1st runner-up in the manufacturing category at the 10th CII - Northern Region EHS Competition on Environment, Health, and Safety
Management.
❖ Flex Films USA won the Silver Award - Technical Innovation at the Flexible Packaging Achievement Awards 2023, organized by the FPA, for our F-UHB-M Ultra High Barrier & High
Metal Bond Metallized Polyester Film for aluminum foil replacement.
❖ UFlex won five titles at INDIASTAR 2022 Awards for Excellence in Packaging organized by Indian Institute of Packaging.
❖ UFlex sustainability-driven paper-based tube Kraftika wins 1 gold for packaging excellence and 2 silvers for technical innovation and expanding the use of flexible packaging at
Flexible Packaging Awards 2022.
❖ UFlex’ Fully Recyclable Mono-Polymer Bags for Large Quantity Rice Packaging Application has been adjudged as the Runner-up at The Economic Times Polymers Awards 2022 in the
category of Packaging (Large).
❖ UFlex food compliant water-based ink FLEXAQUAPAP for Food Wraps by Chemicals business outshines at WorldStar 2022 Awards for its ability to meet business and sustainability
goals.
❖ UFlex’ disruptive technology lifts the prestigious TPCI MSME Export Excellence Award 2022 for innovation leader in Flexible Packaging.
❖ AIMCAL Awards 2021 'Sustainability of the Year' to F-ISB Cold Forming Metalized BOPET film for Blister Packaging | ‘Product of the Year' Winner to Non-woven block bottom re-
closable bags for rice packaging.
❖ Flex Films USA honoured by World Packaging Organisation (WPO) with ‘World Star Awards 2021 for PCR based BOPET Film Asclepius | Metallized High Barrier BOPET Film F-HBP-
M for Food Packaging | Ultra Soft Super Durable BOPET Film F-STF for Luxury Products.
❖ AIMCAL 2020 Awards ‘Sustainability of the Year Winner’ to Recyclable PE/ PE Laminate by UFlex for Primark Wet Wipes | ‘Product Excellence’ to Flexitubes for Clariss Organic Face
wash | ‘Technical Excellence’ to Recyclable PE/ PE Laminate for Primark Wet Wipes | UFlex 4D Bags with Handle for Royal Gold & Rice King.
❖ Flexible Packaging Awards 2020 Silver Award in Sustainability category to Flex Asclepius PCR Based BOPET Films | Gold Award in Shelf Impact category to 4D Rice Bag with Handle
| Silver Award in Shelf Impact to FLEXPET F-STF Ultra Soft Super Durable BOPET Film.
❖ Flexible Packaging Awards 2020 Gold Award in ‘Packaging Excellence’ and ‘Expanding the Use of Flexible Packaging’; and Silver Award in ‘Technical Innovation’ to FlexiTubes for Bio
Creative Labs, USA.
❖ Pharma packaging innovation Alu-Au Laminates by UFlex wins ‘Excellence in Sustainable Packaging title in ‘Solid Dosage Forms’ category at 4th Annual India Packaging Awards
2019.
❖ AIMCAL 2019 Excellence in Sustainability for 90% Post-Consumer Recycled-content (PCR) BOPET barrier film | Technical Excellence to High Barrier BOPET film PET-F-HBP-M with
superior gas and oxygen barrier for Food Packaging applications | Product Excellence Award to Metalized, ultra-thin and ultra-high yield BOPET film F-TBF-M-08 for metalized
balloons.
❖ UFlex won Packaging Europe hosted Sustainability Awards 2018 in ‘Resource Efficiency’ category as well as ‘Best Sustainable Packaging Innovation’ for its biodegradable, waterless
flower packaging solution.
❖ Dow 2018 30th Awards for Packaging Innovation adjudged UFlex’ Waterless Internet Flower Packaging as the Diamond Finalist Winner.
❖ UFlex' Nine PE/PE mono-polymer Laminate Pouch won ‘The Economic Times Polymers Awards 2020’ in 'Excellence in Packaging – Large Healthcare Business'. 35
Awards & Accolades
Key Wins

❖ Packaging Gateway Excellence Awards 2020 to Flex Films USA in the category ‘Best COVID-19 Response’ for COVID-19 Outbreak - A Clarion Call for Continuity in Crisis |
‘Environmental Impact’ to UFlex Technology to Recycle MLP Packaging Homogeneously for Driving the Circular Economy.
❖ UFlex ‘RELAM 250-From Scrap to Value & Environment Friendly - for Multi-layered plastics’ won SIES STAR AWARDS 2019 & IFCA STAR AWARDS 2019.
❖ UFlex recognized for ‘Excellence in Packaging Beverages - Large Enterprises’ for Asepto Spark ‘Fresca’ at The Economic Times Polymers Awards 2019.
❖ 2018 AIMCAL Product Excellence Award & Technical Excellence Award to Shudh Plus Ultra - Sparkling Tactile Sachet with 3D Embossing for Mouth Freshener.
❖ Flexible Packaging Achievement Awards 2018 Gold in ‘Technical Innovation’ and Silver in ‘Printing and Shelf Impact’ to Shudh Plus Ultra - Sparkling Tactile Sachet with 3D
Embossing for Mouth Freshener | Silver in Sustainability to Nescafe Sunrise Non-Foil Instant Coffee Sachet.
❖ Flexible Packaging Achievement Award 2017 in categories ‘Sustainability’, ‘Packaging Excellence’ and ‘Extending the Use of Flexible Packaging’ to Waterless Internet Flower
Packaging.
❖ UFlex was conferred with the silver award at the 27th DuPont Awards for its innovative moisture proof cement bag – ‘Flex SafePack’ in 2015.
Corporate, EHS & CSR Awards:
❖ UFlex won six awards at the 32nd edition of the WORLD HRD Congress 2024
❖ UFlex recognized as one of the ‘Most Preferred Workplaces in Manufacturing 2023-24’ by Team Marksmen in association with the India Today Group
❖ UFlex recognized as an Economic Times Sustainable Organization 2023 for its contribution towards sustainable development in the country.
❖ Flex Films, UAE, recognized as an Economic Times Sustainable Organisation 2023 for its contribution toward sustainable development in the Gulf Cooperation Council (GCC) region.
❖ UFlex received the Best Employer Brand Award in the Global Best Employer Brands 2023 segment at the World HRD Congress 2023, presented by Times Ascent.
❖ UFlex won ‘Outstanding Work in Circularity Award’ in Large Enterprises at the Indian Circular Economy Forum ACE Award 2022 for its sustainability-driven initiatives that helps it
create a circular economy.
❖ UFlex Chemicals Business won a FICCI Chemicals & Petrochemicals Award 2022 for Efficiency in Water Use.
❖ Uflex awarded as the ‘Best Organization in HR Practices’ at the National Management Summit 2022 organized by Top Rankers Management Club.
❖ The Chemicals business was acknowledged with a ‘Certificate of Special Recognition’ by CII at for its Environment Health & Safety Practices.
❖ UFlex wins the Mahatma Award 2021 for CSR Excellence in Water Conservation & Environment.
❖ UFlex Awarded by NOIDA Authority for its innovative and sustainable business practice to make NOIDA a Clean, Swachh & Sustainable city in 2021.
❖ Asepto, Liquid Packaging Business of UFlex has been awarded as ‘India's Most Admired Brand 2020’ by White Page International.
❖ UFlex named ‘Aon Best Employer Company’ On Employee Experience in 2019.
❖ UFlex recognized as The Economic Times ‘Best Food Processing and Packaging’ Brands 2018 – 2019 | Asia's Most Trusted Company 2018 by International Brand Consulting
Corporation, USA.
Leadership Awards:
❖ Ashok Chaturvedi, Chairman & Managing Director, UFlex conferred with the 'Inspirational India Leaders 2020' title by White Page International.
❖ UFlex Chairman & Managing Director Ashok Chaturvedi conferred with 'Father of Flexible Packaging' at 1st Global Conference on Plastic & Packaging 2019.
❖ Economic Times Polymers Lifetime Achievement Award 2018 to UFlex CMD Ashok Chaturvedi.
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