Uflex to focus on premium products to counter packaging sector slowdown

摘要

In the wake of slowing demand for last few quarters, Uflex, the country's leading packaging company, is increasing focus on premium products. The Rs. 6,200-crore company, which earns 46% of revenue from the flexible packaging division, aims to bring the share up to 50% in the next three years. The company's plastic films division currently generates majority of Uflex's revenue and has a strong customer base in Europe, the US, Dubai, Mexico and Egypt. However, the scope for innovation and premiumisation in packaging is far higher than the film business, as the latter is used as an intermediary raw material in preparing flexible packs.