Ashok Chaturvedi, Founder, Chairman & Managing Director, Uflex Ltd Talks to Et Polymers About the Company’s Journey So Far and Looks Ahead With Confidence to Achieve Many More Milestones.
The journey of Uflex Ltd began in 1985. “I am a first generation entrepreneur and had made humble beginnings back in 1985. Ever since, Uflex has grown from strength to strength to become India’s largest multinational flexible packaging materials and Solution Company.
In the Financial Year 2016-17, we registered total revenue of approximately 1 Billion USD,” says Ashok Chaturvedi, Founder, Chairman & Managing Director, Uflex Ltd.
Going down the memory lane, he says, “We started operations three decades ago. In our early days, we launched sachets/ unit pouches for Mouth Fresheners, Shampoo, Candies, Tomato Ketchup, etc. that changed the way FMCG products were marketed. This also brought expensive brands within the reach of common people without pinching their pockets.”
Since those days he never looked back and went on establishing state-of-the-art flexible packaging material manufacturing facilities at multiple locations in India. “The company has installed capacity of around 100,000 TPA and has polymeric film manufacturing facilities in India, UAE, Mexico Egypt, Poland and USA with cumulative installed capacity in excess of 337,000 TPA. Talking particularly about India our polymeric film manufacturing capacity for Bi-axially oriented Polyethylene Terephthalate (BOPET); Bi-axially Oriented Polypropylene (BOPP) and Cast Polypropylene (CPP) Films and other metallised and speciality films in India is around 1,20,000 TPA,” informs Chaturvedi.
Elaborating further he says, “Integrated within our core business profile are our allied activities like Engineering, Cylinders, Holography and Chemicals that further give Uflex a superior edge above competition besides qualifying it to be fully integrated end to end flexible packaging materials and solution company. Therefore, we have six strategic business units giving us the competitive edge and have helped earning an irreproachable reputation of being a fully integrated end to end flexible packaging material and solution company with our products enjoying a formidable market presence in over 140 countries across the globe.” These six businesses are Packaging Film, Packaging Products, Engineering, Cylinders, Holography and Chemicals.
“The capacity for holographic and associated brand protection solutions is approximately 8,600 TPA, while that for Inks, adhesives, coatings and Polyols is about 41,000 TPA. We manufacture around 89,000 rotogravure cylinders per annum. Being a fully integrated flexible packaging company we not just manufacture packaging material but also manufacture the converting machines for producing flexible packaging material and packaging machines for filling and sealing the flexi packs. We manufacture around 1,570 converting and packaging machines per annum in India,” he elaborates.
Going beyond the boundaries, Uflex has also established factories at five locations abroad. “Proximity to customers for ensuring just in time deliveries is one of the most important pillars of our business strategy. To be able to cater to the diverse requirements of convertors from across the globe we set up polymeric film manufacturing facilities outside India at strategic nodes across the globe,” he continues.
In other words, the company serves to the customers across the globe. When asked to name few prestigious customers, he says, “Considering the expanse of our business operations servicing the entire spectrum of flexible packaging requirements, it would not be possible to list all the names, however some of our esteemed clients on the global turf include P&G, PepsiCo; Tata Global; Mondelez, L’ Oreal, Britannia, Haldiram, Amul, Kimberly Clark, Ferro Rocher, Perfetti, GSK, Nestle, Agrotech Foods, Coca-Cola, Wrigley, Johnson & Johnson among several others.”
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