UFLEX LTD Q1 FY 2014 CONSOLIDATED NET REVENUE AT RS. 1398 CRORE AND NET PROFIT AT RS. 43 CRORE

New Delhi: August 6, 2013 – Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India’s largest flexible packaging company, has registered the consolidated net revenue for the quarter ended June 30, 2013 at Rs. 1398 crore as against Rs. 1376 crore for the same period last year.

The firm’s consolidated net profit for the June quarter of FY 2014 stood at Rs. 43 crore as against Rs. 56 crore for the same quarter last year. However, sequentially, the revenue and net profit for quarter ended June, 2013 viz – a – viz quarter ended March, 2013 has grown by 13 % and 5 % to Rs. 1398 crore (Revenue) and Rs. 43 crore (Net Profit), respectively.

The higher revenue growth is attributed to new capacity expansion globally and increased uptake of innovative flexible packaging solutions offered by the company across sectors. Uflex had added capacities from the newly commissioned manufacturing facilities as part of its expansion in Poland and Kentucky during the previous financial year. Collectively the two facilities involved investments of about $150 million.

The polyester films plant in Kentucky, in the US has annual production capacity of 30,000 metric tonnes, and similar capacity is available in Wrzesnia, in Poland. With the new manufacturing facilities and other expansions in place, UFLEX is all set to achieve the next milestone of $2 billion revenue mark over the next couple of years.

According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEX Ltd, “The higher revenue growth has come on the back of increasing manufacturing capacities across our facilities in Egypt, Mexico, Dubai and India, in addition to the new facilities in Kentucky and Poland to cater to the increasing demand trends. Innovation, expansion and harnessing growth opportunities at the right time has been the key to our strong foothold in the flexible packaging market globally.”

For the full financial year ended March 31, 2013, UFlex had recorded a strong growth of 14% in consolidated net revenues at Rs. 5161 crore as against Rs. 4516 crore during a year ago, on the back of favourable demand trends globally.

Uflex’s strong manufacturing base in India, Mexico, Dubai, Egypt, Poland and Kentucky 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.

Expansion Plans

UFLEX’s agenda of global expansion and consolidation of its position as a truly Indian MNC (Multinational Corporation) is reinforced with its strategy of capacity expansion and adding manufacturing lines for various product categories across existing and newer locations to increase proximity to the markets, but also to bring broad portfolio of value added products to its clients at competitive price points.

The company offers its flexible packaging products and solutions globally to clients including 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, Birla 3M, among others.

4 Players of Uflex Khelo Dilli Programme Selected for Asian Games 2014

·         Players selected for the second and final camp of Sepak Takraw (kick volleyball) Game

·         Players registered with Stairs sports center at  Majnu Ka Tilla as a part  of Uflex Khelo Dilli  programme

·         Mr. Ashok Chaturvedi, Chairman and M.D. of Uflex Ltd. felicitates players

New Delhi, March 28, 2013: Four young and talented Sepak Takraw (kick volleyball) players who have been selected for the second and final camp of the game in the Asian Game 2014, were accorded a warm felicitation by Mr. Ashok Chaturvedi, Chairman and MD of Uflex Ltd. India’s largest flexible packaging company. The players are registered with the Uflex Khelo Dilli  programme- a philanthropic endeavor jointly undertaken by Stairs, an NGO working towards sports, education & health for underprivileged children and Uflex Ltd.

Congratulating  the players, Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEX Ltd said, “We would like to offer our warmest congratulations to all the four players and wish them luck in all future endeavours. India has a vast pool of sports talent, and the need is to tap this talent at the right time and provide them with the right training and facilities. Our association with Stairs represents an extension of our social commitment to bring about a positive change in the life of underprivileged youth of the society by providing them opportunities and a platform to showcase their talent.”

“We congratulate all the players selected for the Asian Games and would like to extend continued support to them. We are extremely happy with the response we are receiving for Uflex Khelo Dilli. The programme has created an atmosphere of participation, co-operation and team sprit amongst youth and encouraged more and more children to join”, said Mr. Siddhartha Upadhyay, Founder and Secretary General, Stairs .

Uflex Khelo Dilli aims to provide free of cost - space, infrastructure and sports equipment to the less fortunate children of our society, to play. More than 5000 underprivileged children are regularly playing at 28 different sports centers run by Stairs and funded by Uflex Ltd., across Delhi. These centres have emerged as a hub of recreation for children from low economic background and ignited a passion for playing in others as evident from an increasing number of children getting enrolled at these centres.

Apart from Khelo Dilli, Uflex Ltd. has also adopted cricket initiatives of Stairs, namely, Uflex Stairs Cricket Championship and Uflex Stairs Cricket Scholarship. Uflex Ltd. supports Stairs in running cricket training academies, providing sports scholarship and sports gear to the underprivileged children. Since 2011, 72 talented children have been granted the Uflex Stairs Cricket Scholarship and are being training at accredited cricket centres in Delhi.

Since inception, Stairs has actively worked towards the upliftment of the less fortunate children mainly through the field of sports. The sporting initiatives of Stairs aim to provide a platform to these children to hone their skills and showcase their talent through sports camps. Stairs understands the amount of talent that exists among these children and believes in creating opportunities so that their talent is rightly tapped and nurtured. Talented children are chosen from these camps and provided coaching, sports scholarship and sports gear.

Some of the students who identified by Stairs are already doing well at the national level and are earning laurels for their states. Stairs also organizes sports camps at regular intervals to promote youth talent.

About Stairs:

Stairs (www.stairs.org.in) is a non-profit organization working in the field of development of underprivileged youth through channelization of their energies in sports and education. Since its inception in 2005, Stairs has worked for the upliftment of the less fortunate children mainly through the field of sports. The sporting initiatives undertaken by Stairs provide a platform to these children to hone their skills and showcase their talent through sports camps. Stairs understands the amount of talent that exists among these children and believes in creating opportunities to tap and nurture their talent.