LOKMAT CORPORATE EXCELLENCE AWARD FOR UFLEX & INNOVATIVE LEADERSHIP IN QUALITY AWARD FOR CMD, ASHOK CHATURVEDI
As yet another testament to Uflex’s superior brand equity in the realm of flexible packaging, the organization was conferred with the ‘Lokmat Corporate Excellence Award’ in the Financial Capital earlier today. Mr. Ashok Chaturvedi, Chairman & Managing Director of Uflex has been conferred with the Innovative Leadership in Quality Award.
Lokmat Corporate Excellence Award is given to organizations that have demonstrated exemplary corporate governance and sustained performance to augment shareholders’ value. The award also acknowledges the innovation quotient in the winning companies’ product offering, besides assessing the popularity of the brand in mainline and social media. Uflex, India’s largest flexible packaging company has earned an irreproachable reputation not only within the country but also in around 140 countries across the globe, where its products are widely sold. Uflex has been particularly awarded for making the most of modern technology to achieve operational excellence.
This is the third edition of the award with an ever growing interest and overwhelming response from the multinational companies. This year 26 entries were received in the packaging category.
Mr. Ashok Chaturvedi, Chairman and Managing Director, Uflex Limited in an official statement said “I am humbled by this conferral. We at Uflex always work towards enhancing the experience and value proposition for our clients by adding substantive value at every level of the packaging supply chain. With best brains and the most advanced technology by our side, Uflex is all geared to scale newer heights in the times to come”.
Uflex Limited, a truly global player in flexible packaging &plastic film manufacturing, hosted His Excellency Governor, Commonwealth of Virginia, Honourable Terry McAuliffe during a visit to the headquarters of India’s largest flexible packaging company. His Excellency is currently on a business mission to India meeting successful and progressive organizations that have been expanding globally. Uflex became an apt choice with international operations and transactions accounting for 54% of Uflex’s total revenue during Financial Year 2014-15. Notably the sales revenue from Uflex’s Kentucky operations in the United States of America during FY 2014-15 stood at approximately USD 137 million out of the total consolidated revenue of around USD 1 Billion.
Interacting with the Leadership of Uflex, His Excellency, Governor of Virginia said, “We are indeed very pleased to meet Uflex and are excited to see their capabilities in the realm of flexible packaging business globally. We invite and welcome Uflex to set up business in Virginia and assure them of full cooperation and support from our side”.
Soon after the meeting that lasted for over an hour, Mr. Ashok Chaturvedi, Chairman & Managing Director, Uflex Limited in an official statement said “We had a very fruitful discussion with H.E. Governor, Commonwealth of Virginia, Honorable Terry McAuliffe and his delegation. Uflex’s three pronged approach of fostering innovation to create differentiation; proximity to customers and the ability to offer entire gamut of end to end flexible packaging solutions globally augurs well with Virginia’s business prospects. We are excited to take this discussion to the next level. It is extremely heartening to see a close coordination for enhancing business ties between India and United States of America particularly when my country and Brand India is making great strides under the aegis of our Hon’ble Prime Minister, Shri. NarendraModi”.
Over the years Uflex has emerged as one of the strongestglobal players in flexible packaging &plastic film manufacturing, with State-of-the-art plants in India, Dubai, Poland, Egypt, Mexico and Kentucky and cumulative installed capacity in excess of 435,000 TPA. With the best brains and cutting – edge technology by its side, Uflex serves as a one stop shop flexible packaging solution provider across varied sectors spanning USA, Canada, South America, UK, Europe, Russia, CIS countries, South Africa and other African countries, Middle East and the South Asian Countries. Today, Uflex enjoys a formidable market presence in over 140 countries across the globe.
Accompanying His Excellency in the high level delegation was Mr. Maurice A. Jones, Secretary of Commerce & Trade, Commonwealth of Virginia and Mr. Martin J. Briley, President & Chief Executive Officer, Virginia Economic Development Partnership among other dignitaries.
India’s largest flexible packaging company, Uflex Ltd, is in the process of setting up a robotic plant for gravure cylinder production at its Noida location. This robotic plant will be ready by January, 2016. Based on Technology from Think Laboratory in Japan, the production of cylinders will now become a one-man operation. Uflex is committed towards innovation to create differentiation to the best advantage of its global clientele. To read more please click here.
The Global Packaging Industry has under gone a total metamorphosis with the changing consumer trends
Growing consumer awareness, urbanization, purchasing power are driving the trends in the global packaging industry, reports the Association of Packaging and Processing Technologies (PMMI).Factors like health and wellness, recycling, environmental issues, increasing disposable income, urbanization, convenience, smaller pack sizes, branding strategies are affecting the way packaging is done world over.
It is important for manufacturers to keep abreast with the market trends that reflect the changing needs of the consumers in the products that they offer.
From convenience to traceability, the product has to offer it all. The ‘cool to care’ consumers are seeking green packaging alternatives with a strong sustainability quotient. Hence, sustainability is no more an option- it is the essential part of future business planning for the packaging industry.
Consumers’ making informed choices more than ever has led the packaging labels to focus on the USPs. Smart packaging has paved way for innovative methods of display and product preservation. For, e.g., Products like vegetables, dairy, have a longer shelf life thanks to smart packaging. Innovative packaging designs for milk pouches are making the transportation of milk without refrigeration possible.
With its high standard of functionality, convenience, sustainability and cost-effectiveness, flexible packaging has made lives easier for on-the-go consumers. This factor is what has helped stoke the growth of the flexible packaging industry over the years.
According to Smithers Pira, the global flexible packaging industry is projected to reach USD 248 billion by 2020. The growth prospects in the developing countries are exceedingly bright.
In the Indian context, the market is growing 14% p.a. It is expected to be a USD 32 billion industry in 2020)
Packaging which once upon a time had the simple purpose of protecting the packed products has come a long way. Today, owing to the increased awareness, packaging is an art, science and technology in itself. Progressive R&D has also ensured that packaging has become an integral part and a reflection of consumers’ personality and lifestyles.
India’s largest flexible packaging company, Uflex is in complete grip of the dynamic demands of today’s discerning customers. The company has pioneered never seen before innovations that have re-defined the contours of the flexible packaging industry. Uflex offers world class end to end flexible packaging solutions that are unique, smart, intelligent and sustainable. Uflex’s promise to its customers ‘Innovation to create Differentiation’; ‘Proximity to Customers’ and ‘Providing the entire gamut of flexible packaging solutions’ has made the company an undisputed leader.