Buzzing stock: Uflex develops a specialty polymeric film, stock up by over 2 per cent

Flexible packaging major Uflex Limited added another breakthrough innovation to its name with the launch of a specialty polymeric film on July 27. The company's newest development, the special polymeric film will be used as a replacement of BOPA or Bi-axially oriented polyamide (nylon) film from packaging materials. According to reports, BOPA can be used for the manufacturing of all the products that use nylon substrate. 

Amongst the various uses of specialty polymeric films, its use in oil packaging is the highlight. For the purpose of manufacturing oil packaging material, the new specialty film is laminated with polyethylene in order to fabricate a two ply packaging structure. The lamination process for oil packaging is also specialised by the company to ensure high quality as well as enhanced functionality of the packaging structure.  

The specialty polymeric films that consumed a period of 9-11 months for product development is easy to handle and has a low maintenance cost. The film is expected to have a strong demand in the manufacturing of packaging material for pharmaceutical products, distilled goods, fatty and oily foods as well as agricultural products among others.

The company has been constantly adding strings of innovation and new products to its portfolio in the current fiscal. The company recently developed an anti-counterfeiting packaging solution besides launching Flexfresh, a biodegradable solution for fresh food packaging.

Uflex Limited had posted a substantial increase in its consolidated net profit, soaring by 25.62 per cent to Rs 98.19 crore for the fourth quarter of FY17 on a yearly basis. While, in the stock market, Uflex Limited was trading at Rs 457.30, up by over 2 per cent on the BSE at 1035 hrs IST on July 27, 2017. The share price of the stock has risen by nearly 18 per cent in a period of one month.