Uflex at 52-W high on reports of new machine launch
Demonstrating its proactive engineering approach, India’s largest multinational flexible packaging materials and solution company, Uflex Limited has launched ESL Aseptic Flexi-Pouch Machine for packaging milk that can extend the shelf life of the product up to 90 days. Uflex is the only company in India to manufacture these kind of sophisticated machines. This new machine will help Uflex penetrate market better and faster.
Milk is a perishable product and extremely susceptible to infestation by bacteria and other micro-organisms. Milk brands sold in pouches across India have for long been fretting about the restricted shelf life; time elapsed during the supply & distribution; optimum pasteurisation; necessity of cold chain to be integrated within the overall supply chain; and so on so forth. To alleviate all these problems in one go, Uflex has manufactured and launched an ESL Aseptic Flexi-Pouch Machine for packaging milk. Milk sterilised and packed in this machine can be kept in normal ambient conditions at the point of sale for as long as 90 days.
Launching the machine, Ajay Tandon, president & CEO, Engineering Business, Uflex Limited said, “It was a challenge to design and manufacture a machine for extending shelf life of a product as perishable as milk. After meticulous R&D of about 18 months, the Engineering Business at Uflex has designed and brought out this machine which has been put under commercial run and validation at one of the largest milk packers in India. We are the only company in India to manufacture this machine which easily competes in quality with any European machine of this kind. The end-to-end system comprising extruded/blown multi-layered specialty film and the ESL Aseptic Flexi-Pouch Machine offers an optimised packaging solution for milk in flexible pouches. This machine can also be customised for packaging other beverages too.”
Uflex is trading at Rs 262 per share at 12.40 pm on Wednesday. The stock quoted at 266.85 on an intraday basis, thus making a new 52 week high for itself. Over a 1 year period the stock has delivered 89 per cent returns, thus outperforming the broader markets impressively.