UFlex Ltd, India’s largest multinational flexible packaging company and a global player in polymer sciences, has announced its annual results for fiscal 2020-21 and the quarter ending March 2021. With packaging taking the center stage in the pandemic last year, UFlex posted excellent performance and achieved the highest ever production and sales volumes, revenue and profitability in the quarter, as well as in FY 2020-21.

Ashok Chaturvedi, chairman and managing director, UFlex Limited, states, “Our business network has weathered the disruption whilst also demonstrating resilience to cope with the ever-changing demands of the sector. We commissioned three of our projects in FY2020-21, a BOPET film line in Russia and Poland each; and a new BOPP film line in Egypt with 42,000 TPA capacity, thus gaining an even wider reach globally.

“The pandemic did not dampen our focus on ESG practices, and we continue to accentuate our efforts on this front,” he adds. “After the success of post-consumer multi-layer mixed plastic waste and PET bottle waste recycling lines at Noida in India, we are in the process of replicating these at our overseas locations, at an even larger scale. At our Mexico facility, we are setting up plant to upcycle post-consumer PET bottles waste into high recycled content polyester PCR films, for flexible packaging applications and also propose to set up facilities to recycle post-consumer multi-layer mixed plastic waste to make molded, injection molded and extrusion molded components, both of which shall contribute to a circular plastic economy. In Poland, again, we are setting up plant to recycle post-consumer multi-layered mixed plastic waste to make various molded components.”

UFlex also displayed its commitment toward sustainability and innovation by developing a host of new offerings for a better future.