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Uflex ties up with an Italian firm under Make in India campaign

Uflex has tied up with an Italian firm Comiflex SRL to manufacture gearless C.I. Flexo Printing machines under a technology transfer agreement. The deal happened at DRUPA where Uflex is exhibiting. The company will market and sell these machines across the world.

Uflex’s management clarified that the company will be manufacturing gearless C.I. flexo Printing Machines in collaboration with Comiflex SRL at its Engineering plant in India. The company has innovative mechanism to create value added differentiation is the guiding principle. The tie-up will further catalyse the country's Make in India initiative.

PerfoTec, subsidiary of Uflex also has introduced a ground breaking packaging solution for flowers, that will make the use of water in the supply chain. The shelf life of flowers can be extended using AMAP (Active Modified Atmospheric Packaging) technology, where it has already a very major presence globally in fresh fruits and vegetables markets.

Uflex has developed a new Biodegradable film Flexfresh which could keep the product breathing in hydrated oxygen and release excess humidity, keeping flowers dry. The technology was demonstrated to the largest flower organisation in the world, Dutch Flower Group (DFG).

The share price of Uflex has increased by 3.96 per cent on bourses in early trades; and is trading at Rs 223.25 on an intraday basis.

Uflex is engaged in the manufacture and sale of flexible packaging products and flexible packaging solutions. The company's products include printed, laminated, metalised, co-extruded, coated, embossed, plain plastic films and hologrammed sticker sheets. Its plastic film products include oriented polypropylene (OPP) films, polyester films, metalised and specialty films, and polyester chips.

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Index trend and stocks in action February 14, 2018

Karan Dsij / Article rating: 5.0

The Nifty has managed to defend its 100-day EMA placed at 10,405. Going ahead, the zone of 10,600-10,640 would be seen as an immediate resistance level, whereas a move below 10,480 level would reinforce the selling pressure, taking Nifty towards 10,440-10,400 levels.  Top stocks for the day: Rolta, PVR, NBCC, Vascon Engineers, Apollo Tyres, Fortis Healthcare,   Mangalam Cement, Bank of Baroda, JSW Steel, Indoco Remedies, IOL Chemicals and Pharmaceuticals, Idea Cellular and CG Power.

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