Uflex Net Revenue Up by 18.5% for FY2018-19

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Commenting on the financial performance, Rajesh Bhatia, Group CFO at Uflex Limited said, "Our total production and sales volume for FY18-19 grew 6.1% and 6.7% to 397492 MT and 395634 MT respectively. BOPET market continues to be robust resulting in higher capacity utilisation across all plants. BOPP market has also shown substantial improvement in Q4 and we expect this trend to continue in FY19-20."
Ashok Chaturvedi, Chairman & Managing Director, Uflex Limited said, "We worked diligently towards combating the headwinds that came along this fiscal and remained successful in leading the market with our innovations and product offerings. We have been highly focused on the challenge of Multi-layer plastic recyclability and have developed a technology that converts different layers of multi-layer packaging waste (printed, laminated and metallized) into granules. The latest technology enabled recycling machine was installed at our Noida plant, this quarter."

He added, "The flexible packaging industry continues to evolve with changing consumer expectations and among the most prominent are sustainability and customization. With solutions for waste plastic being created, we are confident of the demand for flexible packaging growing further, in the coming years."

Some key product launches and developments in Q4 FY18-19 are listed below FYR:
For more details on the Results for Quarter ended 31 March 2019, click on: http://www.uflexltd.com/financials.php
About Uflex: