Uflex buoyant on Virginia’s business prospects

Governor McAuliffe said, ‘We are indeed very pleased to meet Uflex and are excited to see their capabilities in the realm of flexible packaging business globally. We invite and welcome Uflex to set up business in Virginia and assure them of full cooperation and support from our side.’

Currently on a business mission to India, Governor McAuliffe is meeting organizations that have been expanding globally. Accompanying him were Maurice A. Jones, secretary of commerce and trade, Commonwealth of Virginia and Martin J. Briley, president and chief executive officer, Virginia Economic Development Partnership among other dignitaries. 

Uflex’s international operations and transactions accounted for 54 percent of the company’s total revenue during 2014-15 financial year. The sales revenue from Uflex’s Kentucky operations in the United States of America during the last fiscal stood at approximately 137 million USD out of the total consolidated revenue of around one billion USD.

Soon after the meeting, Ashok Chaturvedi, chairman and managing director, Uflex, said: ‘We had a very fruitful discussion with H.E. Governor, Commonwealth of Virginia, Honorable Terry McAuliffe and his delegation. Uflex’s three pronged approach of fostering innovation to create differentiation; proximity to customers; and the ability to offer entire gamut of end-to-end flexible packaging solutions globally augurs well with Virginia’s business prospects. It is extremely heartening to see a close coordination for enhancing business ties between India and United States of America, particularly when my country and Brand India is making great strides under the aegis of our prime minister, Narendra Modi.’

Uflex has flexible packaging and film manufacturing plants in India, Dubai, Poland, Egypt, Mexico and Kentucky and cumulative installed capacity in excess of 435,000 tons per annum.

Refer to Labels & Labeling issue 6 to read detailed press coverage on Uflex.