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Uflex Ltd
Uflex Ltd Company History
Uflex is a leading Indian Multinational, engaged in the manufacture and sale of flexible packaging products & off ers a complete flexible packaging solution to its customers across the globe.
1999
Flex Industries Ltd and Polyplex Corporation Ltd--two polyester majors have decided to hive-off their polyester film businesses to form a joint venture.
The companies had signed a memorandum of understanding (MoU) recently to create the country's largest and the world's fifth largest polyester film manufacturing company with an installed capacity of 39 000 tonne per annum.
1999
2000
Board Approves, the proposal to acquire 100% share holding in Cincom Systems India Pvt. Ltd., 100% subsidiary of Cincom System Marutius (CSM) and which is a 100% subsidiary of Cincom System Inc.
2000
2001
Financial institutions led by ICICI sanction a debt restructuring package
Issues and allotts 1,00,00,000 warrants at a price of Rs 24 per warrant to promoters and their associates.
The restructuring package, worth Rs 700 crore cancelled by the Financial Institutuions(FI)
Delhi High Court rejected the bail applications of suspended central excise chief commissioner Someshwar Mishra and Flex Industries chief Ashok Chaturvedi in a bribery case.
2001
2002
Mr. M G gupta and Mr. N Sitaraman have been appointed as Directors of the company.
Shri K.E.C. Raja Kumar has been nominated by UTI on the Board of Directors of the company as their new nominee in place of Shri Ravi Kathpalia. Shri Ravi Kathpalia has been co-opted as a Director on the Board of the company.
Mr. N Sitaraman, Director of the company has been appointed as Director (Secretarial & Legal) of the company w.e.f. July 08, 2002.
2002
2003
Approves the allotment of 10000000 equity shares against the conversion of 10000000 warrants on preferential basis
Mr. Paresh Nath Sharma has been appointed as a Whole-time Director of the Company with effect from September 15, 2003.
Major fire breaks out at two of the production lines located at Sector-60, Noida engaged in manufacturing flexible plastic materials on October 01, 2003
Mr. P Abraham has been appointed as Nominee Director of Unit Trust of India in place of Mr. K E C Raja Kumar on the Board of the Company.
Independent investigator appointed by the Department of Company Affairs to probe the charges against Flex Industries
2003
2007
Uflex Ltd has informed that ICICI Bank Ltd has nominated Mr. Sandeep Malhotra as their Nominee Director on the Board of the Company in place of Mr. A Karati.
Company name has been changed from Flex Industries Ltd to Uflex Ltd.
Registered Office of the Company has been shifted To 305, 3rd Floor, Bhanot Corner, Pamposh Enclave, Greater Kailash-I, New Delhi-110048.
2007
2008
"IFCI Limited has nominated Mr. Javed Yunus as their nominee Director on the Board of the Company.
2008
2009
Start-up of BOPET Film + Barrier Metlln. at Mexico
2009
2010
Start-up of BOPP Film+ Barrier Metalln. at Egypt
2010
2011
Start-up of CPP Film at Egypt
Start-up of AlOx Coating at Egypt
Start-up of BOPET Film at Egypt
Commenced construction of BOPET Film plant in Poland
Commenced construction of BOPET Film plant in USA
2011
2012
Board recommended a Dividend @ Rs. 2.00 (Rupees Two only) per share (20%).
2012
2013
Board recommended a Dividend @ Rs. 2.40 (Rupees Two and paise forty only) per share (24%).
2013
2014
Board recommended a Dividend @ Rs. 2.50 (Rupees Two and Paise Fifty only) per share (25%) .
2014
2015
Uflex Bags Silver Award For Flex Safepack At 27Th Dupont Awards For Packaging Innovation - Uflex Wins Make in India Award for Excellence
2015
2016
Uflex launches SSFL in Gujarat
Uflex honoured with CSR Leadership Award 2016
Uflex wins 2 awards in packaging
Uflex launches Extrusion Lamination Machine in India
2016
2017
First Indian company to manufacture Aseptic Liquid Carton Packaging with a plant commissioned in Sanand, Gujarat.
"Indiastar And Sies Sop Star Packaging Excellence Awards 2017 For Uflex ".
"Chemicals Business of Uflex bags CII National Award for Excellence in Water Management 2017".
Uflex and Implementation Partners honoured with Bureaucracy Today CSR Excellence Award 2017.
Uflex engineers flexfresh bag to export papaya by sea freight.
Uflex Launches Super Barrier Polyester Film.
2017
2018
Uflex's Waterless Internet Flower Packaging Wins Top Honors at Sustainability Awards 2018.
Uflex helps Fresca launch in holographic aseptic packs.
Small Sachets by Uflex pack a Big Punch at FPA and AIMCAL Awards 2018.
Uflex Chairman honoured with The Economic Times Polymers Lifetime Achievement Award 2018.
Flexfilms Launches Two New Advanced Bopet Film.
2018
2019
Uflex Launches A Revolutionary Packaging Solution ÂAsepto Eye For Beverages Industry At Gulfood Manufacturing 2019 In Dubai.
Uflex Honoured With ÂExcellence In Packaging  Beverages At The Et Polymers Awards 2019.
2019
2020
Expands its operations in Poland with the commissioning of its second BOPET Line.
Uflex Chemicals Business Launches Dual Purpose Sanitizer ÂFlexguard-IÂ.
2020
2021
Uflex Teams Up With Hoffer Plastics And Mespack To Launch 100% Recyclable Mono-Polymer Hot-Fill Pouches.
Uflex Joins Alliance To End Plastic Waste To Strengthen Its Global Mission Of Building A Circular Plastic Economy.Â
2021
2022
UFlex Chemicals Introduce Zero Liquid Discharge Technology at its Noida Facility for Water & Environmental Protection.Â
UFlex Partners with CREDUCE to Achieve Carbon Neutrality to reduce almost 175,000 tonnes of carbon emission equivalent by end of 2024.
UFlex Chemicals acquires India patent for Solvent Free Pigmented Adhesive and a Process for its Preparation.
2022