Press release from Business Wire India
Source: UFLEX Limited
Wednesday, April 21, 2010 01:10 PM IST (07:40 AM GMT)
Editors: General: Economy; Business: Banking & financial services, Business services, Financial Analyst, Media & entertainment, Stock exchanges
UFLEX Ltd Ranked Second Highest in Mid-Cap 400 Listing and Breaks into BSE-500 Index
New Delhi, Delhi, India, Wednesday, April 21, 2010 -- (Business Wire India) -- Uflex Ltd, the Bombay Stock Exchange listed (UFLEX : 500148), India's largest flexible packaging company with annual revenues of more than Rs. 27 billion has achieved the coveted position of emerging as the second highest ranked company among the Mid-Cap 400 listing by 'Dalal Street Journal', India's leading financial journal.
This landmark achievement follows UFLEX's march in to the BSE-500 index of India's top 500 listed industrial conglomerates. These achievements come in recognition of the company's consistently strong financial performance over the years and the corresponding faith that the investors have shown in the scrip.
The company had posted net revenue of Rs. 2,163.66 crore for the year ended March '09, registering a growth of more than 24% year-on-year, net profit increased by about 69.78% year-on-year to Rs. 153.29 crore.
According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEX Ltd, "These milestones are symbolic of our commitment to innovation and evolution in our product offerings which is the inherent nature of individuals across the organizational pyramid. Our endeavor has been to provide end-to-end solutions to our discerning clients, which is reflected in our improved financial performance consistently over the years."
Uflex's strong manufacturing base in India, Mexico, Dubai and Egypt 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.
Since inception of the company as Flex Industries Ltd in 1983, the company's progressive growth has been recognized globally for the crucial breakthroughs in packaging by international awards, such as, DuPont Award for two consecutive years 2005 & 2006 for excellence in Packaging Engineering in Food & Beverage category; award for top exporter of BOPP film by the Plastics Export Promotion Council 2002-03; award for second best exporter of Polyester film by the Plastics Export Promotion Council 2002-03, among others, to name a recent few.
Uflex is the only integrated unit of its kind in the world with flexible packaging at its core. 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.
The company's partial client list includes 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, and Birla 3M, among others.
About UFLEX Ltd
UFLEX Ltd 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 100 countries.
Synonymous with flexible packaging industry in the country, UFLEX group has Gross annual revenue of Rs. 27 billion and Gross Capital Investment across the world of about Rs. 23 billion.
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.
T. Anand Mahesh, Mavcomm Consulting Pvt. Ltd., +91 9350266285, firstname.lastname@example.org
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