UFLEX Ltd Q1 FY 2014 Consolidated Net Revenue at Rs. 1398 crore

New Delhi, Delhi, India, Tuesday, August 06, 2013 -- (Business Wire India) 
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 quarter ended June 30, 2013 at Rs. 1398 crore as against Rs. 1376 crore
for the same period last year. 
The firm's consolidated net profit for the June quarter of FY 2014 stood at Rs.
43 crore as against Rs. 56 crore for the same quarter last year. However,
sequentially, the revenue and net profit for quarter ended June, 2013 viz – a
– viz quarter ended March, 2013 has grown by 13 % and 5 % to Rs. 1398 crore
(Revenue) and Rs. 43 crore (Net Profit), respectively. 
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.  
Uflex had added capacities from the newly commissioned manufacturing facilities
as part of its expansion in Poland and Kentucky during the previous financial
year. Collectively the two facilities involved investments of about $150
million.
The polyester films plant in Kentucky, in the US has annual production capacity
of 30,000 metric tonnes, and similar capacity is available in Wrzesnia, in
Poland. With the new manufacturing facilities and other expansions in place,
UFLEX is all set to achieve the next milestone of $2 billion revenue mark over
the next couple of years.  
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 and India, in addition to the new
facilities in Kentucky and Poland to cater to the increasing demand trends.
Innovation, expansion and harnessing growth opportunities at the right time has
been the key to our strong foothold in the flexible packaging market
globally.” 
For the full financial year ended March 31, 2013, UFlex had recorded a strong
growth of 14% in consolidated net revenues at Rs. 5161 crore as against Rs. 4516
crore during a year ago, on the back of favourable demand trends globally.  
Uflex's strong manufacturing base in India, Mexico, Dubai, Egypt, Poland and
Kentucky 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 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. 
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. 
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 140 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. 
Media contact details 
T. Anand Mahesh,
Mavcomm Group,
+91 9870716285,
anand@mavcommgroup.com 
Neeraj Atri,
Mavcomm Group,
+91 9811714871,
neeraj@mavcommgroup.com 
Contributed via: Bloomberg Publisher WEB Service 
Provider ID: d069daddff914aa995c7f675528007d0 
-0- Aug/07/2013 04:12 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.