Latest news with #UFlex
Time of India
15 hours ago
- Business
- Time of India
UFlex introduces single-pellet solution for food packaging
UFlex has launched an FSSAI-compliant single-pellet solution, integrating recycled and virgin PET for food and beverage packaging, simplifying EPR compliance for brands. This innovation eliminates the need for mixing materials, aligning with new FSSAI guidelines mandating 30% recycled content in rigid plastic packaging by FY26. Tired of too many ads? Remove Ads Flexible packaging and solutions maker UFlex on Thursday introduced an FSSAI-compliant single-pellet solution for use of recycled PET for food and beverages new product integrates recycled PET with virgin PET in a single pellet, doing away with the need for manufacturers to buy and mix different materials to make bottles, containers or packaging materials, especially for food and single-pellet solution will be a game-changer for food and beverage brands striving to meet Extended Producer Responsibility (EPR) compliance under the new FSSAI guidelines, Ashish Saxena, Joint President - Packaging Films Business at UFlex Ltd , said in a statement."As regulations become more robust, we aim to set the benchmark for responsible production and scalable, sustainable packaging solutions in India and beyond," he said, adding that the company's recent announcement of Rs 317 crore investment in two new recycling plants in Noida is a strong reaffirmation of its commitment to India's plastic waste management April 1, 2025, the new rules mandate that brands using category-1 rigid plastic packaging, such as PET bottles, incorporate at least 30 per cent recycled content by FY26, the statement said.
Hans India
16 hours ago
- Business
- Hans India
UFlex Introduces FSSAI compliant Single-Pellet Solution for Food Packaging
UFlex, India's largest multinational flexible packaging and solutions company, has announced the launch of its latest innovation, an FSSAI-compliant single-pellet solution for the use of recycled PET in food and beverage packaging. This innovative product integrates recycled PET with virgin PET in a single pellet of high purity and mechanical and thermal stability. The packages produced from this resin are of high clarity, strength, and lower acetaldehyde content. Importantly, this resin solution is compatible with existing PET manufacturing lines enabling a seamless transition to rPET without investing in any new infrastructure. Aligned with the recent FSSAI guidelines that support the Government of India's Extended Producer Responsibility (EPR) framework, UFlex's single-pellet solution on offers a fully compliant, ready-to-implement op on for FMCG companies striving to meet their sustainability commitments. Effective April 1, 2025, the new rules mandate that brands using Category-1 rigid plastic packaging, such as PET bottles, incorporate at least 30% recycled content by FY26. The innovation complies with FSSAI's definition of Food Contact Material-recycled PET (FCM-rPET), which requires a validated decontamination process to ensure the material is safe for direct food contact. UFlex's solution meets both national and international safety standards, including approval from the US Food and Drug Administration (USFDA). Commenting on the launch, Ashish Saxena, Joint President – Packaging Films Business, UFlex Limited, said, 'Since our inception, we have always been committed to pioneering sustainable packaging solutions. We are pleased to offer our latest innovation—the single-pellet solution, which will be a game-changer for food and beverage brands striving to meet EPR compliance under the new FSSAI guidelines. Our recent announcement of ₹317 crore investment in two new recycling plants in Noida is a strong reaffirmation of our commitment to India's plastic waste management vision. As regulations become more robust, we aim to set the benchmark for responsible production and scalable, sustainable packaging solutions in India and beyond.' UFlex is the first and only Indian company to receive USFDA approval for its technology and capacity to recycle all three materials: recycled polyethylene terephthalate (rPET), recycled polyethylene (rPE), and recycled polypropylene (rPP) for use in food packaging. With a global recycling capacity of 72,300 metric tonnes per annum (MTPA), and an additional 39,600 MTPA set to be commissioned soon, UFlex has established one of the most robust recycling ecosystems in the industry. To date, the company has recycled over 5 billion post-consumer PET bottles, converting them into high-quality raw materials for sustainable packaging solutions. In FY25 alone, UFlex recycled 8,200 metric tonnes of mixed flexible waste, advancing its circular economy goals. It has established recycling plants across India, Poland, Egypt, and Mexico, processing a wide range of post-consumer plastic waste. It is the only Indian company working on innovative solutions for mixed flexible waste and PCR applications both in India and globally. For queries: [email protected]
Business Standard
19-05-2025
- Business
- Business Standard
Uflex reports turnaround Q4 numbers
Uflex reported a consolidated net profit of Rs 168.56 crore in Q4 FY25, compared with net loss of Rs 270.95 crore in Q4 FY24. Revenue from operations added 11.31% YoY to Rs 3,814.28 crore in the quarter ended 31 March 2025. The firm reported a profit before tax of Rs 181.86 crore in Q4 FY25, compared to a pre-tax loss of Rs 246.66 crore in the same period last year. Total expenses rose 12.17% YoY to Rs 3,761.89 crore in the March 2025 quarter. The cost of materials consumed stood at Rs 2344.84 crore (up 12.58% YoY), while employee benefit expense was at Rs 353.75 crore (up 15.70% YoY) and finance cost stood at Rs 184.41 crore (up 43.72% YoY) during the period under review. On the segmental front, the revenue from flexible packaging activities was at Rs 3,717.29 crore in Q4 FY25, up 10.89% YoY. Revenue from engineering activities added 41.96% YoY to Rs 150.5 crore in Q4 FY25. Meanwhile, the company recommended a dividend of Rs 3/- per equity share of Rs 10/- each (30%) for the financial year ended 31st March, 2025. UFlex is India's largest multinational flexible packaging materials & solutions company and a global player in polymer sciences. Shares of Uflex fell 1.57% to Rs 612.45 on the BSE.
Hans India
22-04-2025
- Business
- Hans India
UFlex Reinforces Commitment to Sustainability on Earth Day 2025
As the world unites to celebrate Earth Day 2025, UFlex Ltd., a global leader in flexible packaging and solutions, has reiterated its commitment to sustainability, innovation, and environmental responsibility. With growing concerns over climate change and environmental degradation, the company continues to invest in developing eco-friendly packaging solutions and promoting recycling and waste management awareness. Recognizing the urgency of environmental action, UFlex emphasized the role of knowledge and conscious choices in driving lasting change. 'This Earth Day, we are reminded that real change begins with knowledge and action, by all of us. At UFlex, we are constantly working towards developing sustainable packaging aimed at reducing environmental impact and are committed to educating people about the importance of recycling and waste management for a better tomorrow. We believe that when we understand the impact of our choices, we can make better ones for ourselves, and for future generations. Let's use our power to protect the planet and empower others to do the same,' UFlex Ltd. stated. UFlex's sustainability efforts span across the lifecycle of packaging, from design to disposal. The company has pioneered recyclable and biodegradable materials, introduced advanced waste reprocessing systems, and partnered with stakeholders to drive awareness and action. Its efforts align with India's and the global community's broader goals for circular economy and environmental sustainability. Through continued innovation and partnerships, UFlex aims to empower consumers and industries to adopt greener practices and embrace responsible packaging solutions that contribute to a cleaner, healthier planet.
