COMPANY PROFILE

After Pioneering the growth of the flexible packaging industry in India, Uflex has gained an unchallenged identity. Since its inception in the year 1983, it has turned into a multi billion company that values quality and customer satisfaction amongst other priorities. With consumers spread across the world, Uflex enjoys a global reach. Headquartered in Noida (National Capital Region, New Delhi) it has state of the art manufacturing facilities in India & Dubai. It has also established offices in UAE, Europe, North America and enjoys a formidable market presence in more than 85 countries. Uflex facility enjoys ISO 9001 and ISO 14001 certifications and has FDA and BGA approvals for their products. It is also a part of the D&B Global Database and winner of various prestigious national and international awards like the top exporter of BOPET and BOPP films, and the Worldstar award for packaging excellence. FPA, AIMCAL and the DUPOINT Awards in 20042005 are the latest in this series. Being a multi faceted organization it has integrated its operations from manufacture of Polyester chips, Films (BOPET, BOPP and CPP - both in plain and metalized form), Coated Film, Laminates, Pouches, Holographic films Gravure cylinders, Inks and adhesives to all types of packaging & printing machines, offering total flexible packaging solution. Uflex has always been committed to the industry by providing technical know-how and being the trend-setter in the flexible packaging industry . Being on the edge of innovation, Uflex endeavors to be the first to come up with advanced products that cater to the changing demands of the packaging industry. As part of the Uflex Group, it has over twenty years of experience in polymer technology. Setting milestones of success and innovation, Uflex is widely known for manufacturing and supplying products, delivering apt services around the world. UFLEX Ltd (Converting Division) has risen to be the largest Flexible Packaging Company in India with an annual turnover of more than US$150million.

One of the leading companies in the Asia pacific region, Flex takes pride in its 25000 TPA strong converting capacity. A major asset in achieving the company's ambitious goals is its trained and dedicated workforce of 1600 employees.

Today, UFLEX stands at the pinnacle as the only integrated unit of its kind in the world with flexible packaging at its core. It has vast capacities for production of Polyester chips, BOPET and BOPP films, Printing & Coating Inks, facilities for Holography, Metallization & PVDC coating, making Gravure Printing Cylinders, Gravure Printing, Lamination and Pouch formation. Flex has also evolved capacities and capabilities to manufacture sophisticated machinery for converting and packaging applications. Ideas are translated into innovative technology solutions through state of the art Research and DevelopmentatUFLEX. The Packaging Division of UFLEX, which revolutionized packaging in India, provides total solutions based on flexible packaging materials to customers across the world. The global markets, successfully catered to, include USA, Canada, UK, Russia, CIS countries, South Africa, the Middle East and the South Asian Countries. The company's partial client list includes the Godrej, Heinz, Henkel, ITC (BAT Subsidiary), Nestle, Pepsi, Perfetti, Smith line-Beecham, Tata Chemicals, Tata Tea and Unilever Group,proctal and gamble,cadbury. UFLEX Limited, the India-based flexible packaging giant, began its existence nearly two decades ago and has come a long way since then offering a vast array of innovative products and services that enrich life, improve performance and create value for the customers andshareholders. With a vision to Progress with Distinction, UFLEX is privileged to contribute to society by producing a variety of sophisticated products, on state-of-the-art imported equipment and machines, improving the quality of life for people across the globe. They manufacture in-house Polyester chips, BOPET / BOPP / COATED / METALLISED / CPP Films, Packaging machines, converting equipment, inks, adhesives, Flexible Laminates and Pouches and have emerged as a one stop shop committed to providing customers with competitive advantage, placing top priority to customersuccess. With consistent quality, production expertise, continuous innovation in products and technologies, a dedicated work force and a highly motivated corporate team, the Flex group is expanding at an immense pace.

They invite you to take a look at our wide range of products by browsing through these pages

and then give us a chance to help you. Theyll make sure to be there for you any time, every time.

INTRODUCTION TO UFLEX JAMMU PLANT

Every visitor entering the shop floor of the spanking new flexible packaging plant of UFlex Ltd. in Jammu , North India has to wear a net cap and sign a health questionnaire querying whether or not the person is free of certain specified ailments, infections and allergies! Following this, the visitor passes through a double door chamber which gives a pressure air wash. This is symbolic of the companys emphasis on hygiene and safety in a factory producing packaging material for many companies in the food and pharmaceutical industry.

Uflex Ltd. is Indias largest manufacturer of flexible packaging materials of virgin and converted film based structures and is also Indias largest exporter of converted flexible packaging materials. Converted film based structures are now being produced in 3 locations at Noida,

Malanpur and Jammu . High anticipated growth in requirements prompted the company to set up the Jammu plant and reorganize the main plant in Noida, which will primarily be geared towards fulfilling the demand from the export markets. As a part of their land bank, UFlex had invested in a plot of land measuring 20,000 sq. meters in the industrial complex of Bari Brahmana located on the outskirts of Jammu, a large town in North India which is developing fast as an important commercial hub with good infrastructure complementing industrial growth. New state-of-art converting equipment installed in Jammu include: Printing: Machine Name:Roto Gravier 8 colour,Cerutti, Manufacturer Name:Flex engineering ltd. Machine Speed:350 mpm Production Capacity:2.5 tonne per machine

Lamination: Total Machines:7 Machine Name:Comexi,norbneccanica Machine Speed:400 mpm Production Capacity:2.5 tonne per machine

Slitting: Total Machines:4 Machine Name: Kampf slitters from Germany Machine Speed:600 mpm Production Capacity:6 tonne per machine

 Holographic film: Holographic film using PET (normally 12) and OPP (normally 2030) are being produced though capability exists to do embossing up to 150 micron thick film. The master design is produced and supplied from the Noida facility where laser engraving up to 12,000 DPI is possible using high resolution 2D & 3D images. Subsequent production shims on 60-100 micron nickel plate is electroformed in the Jammu plant. Each shim is capable of producing about 500 kgs to 750 kgs of holographic film. Pouching: Total Machines:8 Machine Name 1. 2d gyzet 2. 3d gyzet 3. 3d gyzet 4. 2d gyzet 5. Astender pouch 6. 3d gyzet 7. Center Seal 8. 3d carry bag Production Capacity 80,000/day 80,000/day 80,000/day 9000/day 30,000/day 40,000/day 22,000/day 16,000/day Machine Speed 40 mpm 40mpm 40 mpm 50 mpm 80 mpm 40 mpm 42 mpm 15 pouch /min

Manufacturer Name:Flex engineering ltd. Polycoating: Machine Name:Exusion Coating(Corea sanyan machine) Machine Speed:300 mpm Production Capacity:5 tonne Installation Year:2008

 Inspestion Machine: Total Machine:4 Machine Speed:400 mpm Manufacturer Name: Flex engineering ltd. Production Capacity:2.5 tonne per machine

Doctoring: Total Machine: 7 Machine Speed:200 mpm Manufacturer Name: Flex engineering ltd. Production Capacity:20 coil per machine per shift

Adhesive: Total Machine:8 Machine Name:Combi,Combxi Machine Speed:400 mpm

Ink Kitchen: Total Machine:1 Machine Name:Ink Maker Production Capacity:4 tonne per day UFlex maintain a very strict inventory management system and endeavour to keep inventory levels of one week! Considerable group in-house manufacturing within the UFlex Group enables sourcing of principal raw material (film, inks, cylinders etc.) and facilitates low inventory levels.

With regard to the infrastructure facilities in Jammu , UFlex have a generating capacity of 3.40 MW of power (which includes 100% backup). The state grid appears to provide sufficient quantity of power; however, the quality of this power is relatively poor. Energy efficiency is addressed as the primary source of heating is from thermic fluid boilers supplied by Thermal. This heat is used in the drying chambers of the printing and solvent based laminating machines as well as in the curing / drying room of work- in-process material. Extensive use of CFLs in the shop floor & lighting also contributes towards energy saving. Environment issues have been suitably tackled with total incineration and heat re-use of scrap generated in the manufacturing process. A Thermax supplied incinerator with a capacity of 100 kgs per hour achieves a temperature between 900 and 1200 degrees `C` to incinerate all plastic and laminated material. This incinerator is connected to the thermic fluid heaters where the heat generated in the incinerator is used to partially heat the thermic fluid. This helps in a fuel saving of approximately 25% 30%. Incineration enables total security against diversion of proprietary printed material and obviates shredding and waste disposal. Solvent recovery systems are not in place at present though this will be considered. VOC emission levels comply with statutory requirements. Dust controlled environment is facilitated with the use of air curtains on electrically operated door openings. Cross contamination within the plant is also controlled with an extensive use of environmentally sealed areas. UFlex win Prestigious Award, have ambitious plans In the last few years, there have been significant improvement in all operating parameters with output, sales and profitability all showing marked increases. The Converting Division, has substantially increased the quantum of exports and brought in the quality and reliability focus that goes with it. A major recent achievement has been the winning of the prestigious AIMCAL Marketing Award in the Packaging: Food category for 2008 for a stand-up pouch for Tata Tea Life tea mix (The 3-layer laminate structure consists of a 12 micron BOPET film reverse printed by rotogravure in 8 colours and laminated to 12 micron metallised BOPET film that is further adhesive laminated to a 50 micron blown PE film. The metallised film ply significantly improves barrier properties and extends shelf-life. The pouch is

a quadtech stand-up bag made from five independent input laminate webs. UFlex had also won the 19th DuPont Award for Excellence in Packaging Engineering in the Food and Beverage category in 2006 for a quadtech pouch for Ankur Salt. It was the first time any manufacturer had produced a stand-up pouch using five independent laminate web inputs. UFlex have very ambitious plans on the anvil for this division. Their plans are to leverage their technology strengths and scale of production to stay ahead by formulating an optimum productmix and growth strategy by focussing on high productivity, value-addition, product development and customer service. They have plans to go in for more new technologies and systems, details of which we will continue to bring you as we go along. UFlex have made several new innovations and introduced a number of new products and systems in the last few months.

Mr.Ashok Chaturvedis vision: In a bid to further up its presence in India and abroad, Mr. Ashok Chaturvedi, has chalked out aggressive business and investment plans of more than US $250 million for the next two three years, which include the setting up of various green/brown field projects globally. Uflex has strong manufacturing base in India (Jammu, Noida and Gwalior), Mexico, Dubai and Egypt catering to global markets spanning USA, Canada, South America, UK, Europe, Russia, CIS countries, South Africa and other African countries, the Middle East and the South Asian

Countries. The investment is intended to cope with the growing demand for flexible packaging in national and international market. The Rs 15,000-crore domestic industry is growing at around 15 -18 per cent annually owing to the increased demand for flexible packaging products, especially in FMCG and Food segments. In order to become a preferred supplier of packaging materials not only in India but across the globe and reach $1-billion turnover by the financial year 2013, it is imperative to increase presence and capacities in India and abroad, says Mr. Chaturvedi. The company set up plants in US and Poland. With the operation of its facilities in USA and Poland, Uflex, Indias largest flexible packaging company, expects a Rs 4,500-crore revenue by end-this fiscal. Uflex, plans to invest Rs 380-crore to set up a polyester films plant in the US with an annual capacity of 30,000 metric tonnes. The US facility will have a manufacturing capacity of 30,000 MTPA and will start production by December 2011. Uflex has set up another plant in Wrzesnia in Poland with an investment of around Rs 360-crore. The Poland facility capacity will be around 30,000 MTPA and is expected to be operationalised in June 2012. With plans of new manufacturing lines and corresponding investments UFLEX is all set to achieve the next milestone of touching the $1 billion revenue mark by FY 2012 the first company in the flexible packaging sector in India to achieve this milestone.

MARKET OVER VIEW

The Indian packaging industry itself is growing at 14-15% annually. Indian Packaging industry is USD 14 billion and growing at more than 15% p.a. These figures indicate towards a change in the industrial and consumer set up. However, the Indian fascination for rigid packaging remains intact. It is estimated that more than 80% of the total packaging in India constitutes rigid packaging, which is the oldest and the most conventional form of packaging. The remaining 20% comprises flexible packaging. Rigid packaging constitutes glass bottles, metal cans, aerosol cans, battery cell cans,aluminum collapsible tubes, injection moulded plastic containers made of PVC, PET, HOPE,barrels made from HOPE, paperboards, and corrugated boxes. However, with the expanding middle class and rising income levels, +6the patterns of consumption are bound to change substantially and the demand for quality and conveniencebased products will increase. Concurrently, the increased interaction with the developed world will considerably influence the aesthetic and quality norms of the Indian consumer and lead to better consumption standards. This is expected to stimulate greater consumption of branded products and increase the use of rigid and flexible packaging. Flexible packaging contains multi-layered laminated sheets of single or a combination of substrates such as plastic, paper or aluminium. Flexible packaging finds varied use because of its ability to provide strength, moisture resistance, aroma retention, gloss, grease resistance, heat retention, sealability, printability and low odour. Flexible packaging has gained vast acceptability because of the protection it offers to the product against environmental threats like moisture, heat, and chemical reaction. More so, convenience in handling the product and the cost benefits it provides are added advantages. Plastic, which is the most commonly used substrate in flexible packaging, is facing pressure because of issues of environmental protection and safe disposal. These issues act as a major impediment in flexible packaging becoming an all-pervasive medium. Paper and paperboard, on the other hand are environment friendly and also enjoy the advantages of easy handling and

efficient process implementation. Moreover, flexible packaging mandates additional capital requirements and technical know-how for efficient manufacturing operations. Although substrates like plastic have gained vast acceptability, attractiveness of paper and paperboard consumption remains. Currently, India is ranked 15th in the world for its paper and paperboard consumption and is expected to improve its rank in the future. Paper is the fastest growing substrate segment with a growth rate of 6-7%. The total demand for paper currently is estimated to be around 6 mn tones, of which about 40% is consumed by the packaging industry. Laminated products including form-fill-seal pouches, laminated tubes and tetra packs are growing at around 30% p.a. There are about 600-700 packaging machinery manufacturers, 95% of which are in the small and medium sector located all over India. Germany and Italy are the latest suppliers of packaging machinery to India but focus is now shifting on Taiwan, Korea and China. Indian packaging machinery imports are USD 125 million. Indian packaging machinery exports are rapidly growing. India's per capita packaging consumption is less than USD 15 against world wide average of nearly USD 100. The large growing middle class, liberalization and organized retail sector are the catalysts to growth in packaging. Food and Pharma packaging are the key driving segments.

BOARD OF DIRECTORS
Mr. Ashok kumar Chaturvedi Mr. S.K Kaushik Mr. M.G Gupta Mr. Ravi kathpalia Mr. A Karati Mr. N K Duggal : Chairman and Managing Director. : Whole time Director. : Director. : Director. : ICICI Nominee : IFCI Nominee