UFLEX Ltd Q2 FY 2013 Net Revenue Up 16% at Rs. 1250 crores

New Delhi, Delhi, India, Monday, October 29, 2012 -- (Business Wire India) 
Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India's
largest flexible packaging company, has grown from strength to strength
registering a 16% increase in its consolidated revenue for the quarter ended
Sept. 30, 2012 at Rs. 1250 crore as against Rs. 1078 crore for the same period
last year. Whereas the firm's consolidated net profit for the Sept. quarter of
2012 stood same at Rs. 57 crore as during corresponding quarter last year. The
higher revenue growth is attributed to new capacity expansion globally and
increased uptake of innovative flexible packaging solutions offered by the
company across sectors.  
According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEX Ltd, “The higher
revenue growth has come on the back of increasing manufacturing capacities
across our facilities in Egypt, Mexico, Dubai, Poland and India corresponding to
the increasing demand trends where we were quick to offer our products and
services. Innovation and expansion are two aspects that Uflex is always eagerly
pursuing. Identifying and harnessing the opportunity at the right time has been
the key to our strong foothold in the flexible packaging market globally.” 
Uflex's strong manufacturing base in India, Mexico, Dubai, Egypt and Poland
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. 
Expansion Plans 
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 facilities in Dubai, Mexico, Egypt, India, Poland & USA – not only to
increase proximity to the markets, but also to bring broad portfolio of value
added products to its clients at competitive price points. 
Having completed the expansion in Poland successfully during July, 2012, UFlex
has been on the path of speedy commissioning of the project in Kentucky, USA. 
About UFLEX Ltd 
UFLEX Ltd (www.uflexltd.com) is the Bombay Stock Exchange (UFLEX: 500148) and
NSE listed 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 120 countries. It has vast capacities for production
of Polyester chips, Biaxially Oriented Polyethylene Teraphthalate (BOPET) and
Biaxially Oriented Polypropylene (BOPP) films, Printing & Coating Inks,
facilities for Holography, Metalization & PVDC coating, making Gravure Printing
Cylinders, Gravure Printing, Lamination and Pouch formation. 
UFLEX offers finished packaging of a wide variety of products such as snack
foods, candy and confectionery, sugar, rice & other cereals, beverages, tea &
coffee, desert 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. 
The company's partial client list 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, and Birla 3M, among
others. 
Media contact details 
T. Anand Mahesh,
+91 9870716285,
anand@mavcommgroup.com 
Neeraj Atri,
+91 9811714871,
neeraj@mavcommgroup.com 
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-0- Oct/30/2012 08:29 GMT