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UFlex is the ‘first company in the world to recycle mix plastic waste.’

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India Cement Review took an exclusive interview with Shashi Garg, Business Head, Cement Packaging business at Uflex Ltd. about the entire Cement packaging scenario, the ??ain points??that generally intrigue manufacturers, and their ground-breaking solutions.

What is the best advantage of Uflex packaging to Cement customers?

Owing to the full backward integration into films (BOPP, Metalized and others), Chemicals (Inks, Coatings, Adhesives), Engineering (Converting & Packing Equipments), Holography (Films, Labels) and Cylinders (Electronic, Laser and even base-shell manufacturing), UFlex has an exclusive advantage to deliver customized solutions to customers. We provide end-to-end packaging support to our customers starting from design to delivery.

Uflex BOPP film, unlike other packaging films, is an innovation in itself. With their diverse and enormous features like transparent & matte, heat-sealable and non-sealable, direct embossible, superior ink adhesion, anti-skid, high barrier, cold release or direct extrusion coatable films, Uflex is able to make revolutionary BOPP bags.

Explain the role played by packaging of a product in brand building. How you have beenhelping the consumer industry in building a brand through packaging?

The primary objective of Uflex is to deliver our customers with a unique packaging experience. I think, that is only possible when they are able to observe and analyse themselves what difference packaging can bring them, in terms of market positioning, and product pricing. Packaging is one of the primary mediums in which suppliers communicate with their end consumers. In the Indian mind-set, an attractive packaging always influences the buyer decision. We always design our packaging keeping this in mind, and ensure that the dimensions have the largest branding exposure. With our high-end technologies, we are able to create a virtual reality in form of packaging bags, and we always encourage our customers, to take the most added benefits out of our technology and services. Our packaging is the face of any product.

Give us a brief idea about your association with cement industry. With what products you started and what are new products added in your bouquet?

Uflex began its venture into the Cement industry around seven years back with our fresh and new-born BOPP bags. We were the pioneers in BOPP and the journey has not been very smooth. The market was different then. Customers were limated to using the common and inferior PP sacks. Branding in cement bags was not commonly accepted. It took us quite some time to educate customers about the unchallenged benefits of BOPP bags, and the need for branding on packaging. However, in only a couple of years, our bags were a great success and were loved by our customers across the nation. We started with standard BOPP bags, and presently, our bags are available in glossy and matte variants, they are UV- protected, have a high co-efficient of friction for easy stacking, and our most recent launch have been the shower-proof bags to save any of our customer?? losses due to unwanted weather conditions.

Provide us some information on these Shower Proof bags. Are you in a position to supply this product? What is the advantage of using Showerproof bags?

Moisture ingression and product wastage has been a long-discussed concern with our customers that involved saving the products from random showers, and also moisture seepage at coastal regions. Products with comparatively slower consumption, stacked at the bottom rows are generally damaged at depot locations leading to entire product loss. Also the supply chain of Cement and Construction industry is exposed to severe mishandling concerns including uncontrolled exposure to weather conditions. Keeping this in mind, we designed very special shower proof bags which can be converted to complete airtight and moisture proof bags by debarring any chance of external air and moisture seepage into the bags. The bags are allowed with limited passage to release the air captured in the bags at the time of filling.

What is Uflex doing to handle the sustainability concerns of customers? Are your products eco-friendly?

UFlex believes in Environmental Sustainability and has taken several key initiatives in India towards reducing Carbon Foot Print and Improving Productivity. UFlex has constantly invested in newer technologies which consume less energy per Ton of Flexible Packaging. All in-house wastages are recycled and ploughed back in to the life cycle to reduce pressure on landfills thereby arresting pollution.

Our six prolonged sustainability initiative focuses on :

  • Lowering Carbon Footprint

  • Using Renewable Resources in Manufacturing

  • Recycling Wastages

  • Energy Efficient Production Technologies

  • Reducing Plastic consumption

  • Encouraging Green Polymers

What is Project Plastic Fix ?

UFlex Group has been a trendsetter when it comes to sustainable innovation and commitment towards the ??ircular Economy?? It was the ??irst company in the world to recycle mix plastic waste??for which it earned recognition at Davos Recycle Forum in 1995, way ahead of other companies from developed economies.

Our Project Plastic Fix is a mix of four innovative ways to create wealth from plastic waste:

Pyrolysis, Recycling, Biomass & Asclepius.

Recycling of plastic is the need of the hour. UFlex, India?? largest flexible packaging company recognized the need to recycle plastic waste more than two decades back and established recycling units in its plants that convert MLP Waste into Pellets. An added feature of the recycled material (pellets) is that it is re-used to manufacture industrial and household products like roads, outdoor furniture, paver tiles, ladders and many more such essential

items. Thus, UFlex is helping create a circular plastic economy by keeping plastic 'In the Economy' and 'Out of the Environment'.

Our Pyrolysis plant has also been setup at Noida, which is an upcoming resource recovery process that converts waste into energy helping environment clear the plastic waste. At its Noida Packaging plant, UFlex will be converting 6 tonnes of discarded waste material that??

generated every day from printing, unused trim, laminates, tubes and other unprocessed material into Liquid Fuel, Hydrocarbon Gas and Carbon Black.

Shashi Garg is a Chartered Accountant having 38 years of wide experience in Finance, Production and Marketing. He looks after overall packaging production, sales & marketing as Business Head of the Cement Packaging Division.

About UFlex: It is India?? largest flexible packaging company with headquarters and three manufacturing facilities in Noida, the National Capital Region of Delhi, supplies to a majority of customers in India and also to multinational companies across the globe. With a strong presence in North America, Europe, Africa, Hungary, Russia, South East Asia and the Middle East, UFlex has established itself as the largest flexible packaging manufacturer and exporter. UFlex has its manufacturing capacity of over 135000 TPA with plants is located in Noida and Jammu.

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Concrete

Lower sales realization impacts margins for cement makers in Q2 FY25

The industry encountered several challenges, including an extended monsoon season.

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Major cement manufacturers reported a decline in margins for the September quarter, primarily due to lower prices, which led to decreased sales realization.

With the exception of three leading cement producers—UltraTech Cement, Ambuja Cement, and Dalmia Bharat—smaller companies, including Nuvoco Vistas Corp, JK Cement, Birla Corporation, and Heidelberg Cement, experienced a drop in both topline and sales volume during the second quarter of the current fiscal year.

The industry encountered several challenges, including an extended monsoon season, flooding, and a slow recovery in government demand, all contributing to weak overall demand.

Despite these challenges, power, fuel, and other costs largely remained stable across the industry. The all-India average cement price was approximately Rs 348 per 50 kg bag in June 2024, which represented an 11 per cent year-on-year decrease to Rs 330 per bag in September, although it saw a month-on-month increase of 2 per cent.

In the first half of FY25, cement prices declined by 10 per cent year-on-year, settling at Rs 330 per bag. This decline was notable compared to the previous year’s average prices of Rs 365 per bag and Rs 375 per bag in FY23, as reported by Icra.

Leading cement manufacturer UltraTech reported a capacity utilization rate of 68 per cent, with a 3 per cent growth in volume. However, its sales realization for grey cement declined by 8.4 per cent year-on-year and 2.9 per cent quarter-on-quarter during the July-September period.

In response to a query regarding cement prices during the earnings call, UltraTech’s CFO Atul Daga indicated that there had been an improvement in prices from August to September and noted that prices remained steady from September to October. He mentioned that the prices had risen from Rs 347 in August to approximately Rs 354 currently.

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Concrete

Steel companies face Rs 89,000 crore inventory crisis

Steel firms grapple with Rs 89,000 crore stockpile amid import surge.

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Steel companies in India are facing a significant challenge as they contend with an inventory crisis valued at approximately Rs 89,000 crore. This situation has arisen due to a notable increase in steel imports, which has put pressure on domestic producers struggling to maintain sales in a competitive market.

The surge in imports has been fueled by various factors, including fluctuations in global steel prices and increased production capacities in exporting countries. As a result, domestic steel manufacturers have found it difficult to compete, leading to rising stock levels of unsold products. This inventory buildup has forced several companies to reassess their production strategies and pricing models.

The financial impact of this inventory crisis is profound, affecting cash flows and profitability for many steel firms. With domestic demand remaining volatile, the pressure to reduce prices has increased, further complicating the situation for manufacturers who are already grappling with elevated production costs.

Industry experts are urging policymakers to consider measures that can support local steel producers, such as imposing tariffs on imports or enhancing trade regulations. This would help to protect the domestic market and ensure that Indian steel companies can compete more effectively.

As the steel sector navigates these challenges, stakeholders are closely monitoring the situation, hoping for a turnaround that can stabilize the market and restore confidence among investors. The current dynamics emphasize the need for a robust strategy to bolster domestic production and mitigate the risks associated with excessive imports.

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Concrete

JSW and POSCO collaborate for steel plant

JSW Group and POSCO ink MoU for steel project.

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JSW Group has signed a Memorandum of Understanding (MoU) with South Korea’s POSCO Group to develop an integrated steel plant in India. This collaboration aims to enhance India’s steel production capacity and contribute to the country’s growing manufacturing sector.

The agreement was formalized during a recent meeting between executives from both companies, highlighting their commitment to sustainable development and technological innovation in the steel industry. The planned facility will incorporate advanced manufacturing processes and adhere to environmentally friendly practices, aligning with global standards for sustainability.

JSW Group, a leader in the Indian steel industry, has expressed confidence that the joint venture with POSCO will bolster its position in the market and accelerate growth. The project is expected to attract significant investments, generating thousands of jobs in the region and contributing to local economies.

As India aims to boost its steel output to meet domestic demand and support infrastructure projects, this partnership signifies a crucial step toward achieving those goals. Both companies are committed to leveraging their expertise to develop a state-of-the-art facility that will produce high-quality steel products while minimizing environmental impact.

This initiative also reflects the increasing collaboration between Indian and international firms to enhance industrial capabilities and foster economic growth. The MoU sets the stage for a promising future in the Indian steel sector, emphasizing innovation and sustainability as key drivers of success.

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