NEWS


Uflex posts increases in full-year sales and profits


Indian flexible packaging major Uflex saw both sales and profits rise for its latest fiscal year. For the year ending in


March 2025, it reported sales of around INR151 billion (US$1.8bn), an increase of more than 12% compared to the previous year. This was largely due to volume growth and effective pricing, said the company. This comes on the back of a 3% year-on-year increase in the final quarter – driven by a near-11% increase in sales volume. “Our Q4 performance underscores our steady year-on-year momentum,”


said Rajesh Bhatia, group CFO at UFlex. “In FY25, packaging film production and sales volume gained significantly.” The company’s total global packaging films capacity now exceeds 636,000 tonnes/year, he said. Sales volume for the full


year was just short of 650,000 tonnes – an increase of about 8%. Profitability (EBITDA)


grew by 18%, reaching around INR19bn (around US$221 million). Ashok Chaturvedi, chairman and managing director of UFlex, said: “This


financial year was a land- mark for UFlex, marked by strategic global expansion and a greater push toward sustainable solutions and recycling.” These include a newly commissioned CPP film production line – with barrier metallisation – in Mexico, an aseptic liquid packaging facility in Egypt and plans to set up two recycling plants in India. The packaging film division saw an 8% growth in the full year – and now accounts for nearly 78% of sales. � www.uflexltd.com


Visitors increase at Chinaplas


This year’s Chinaplas – held in Shenzhen in April – saw a rise in both exhibitors and visitors. Visitors rose 13% to exceed 281,000, while the number of exhibitors was up 18% to more than 4,600. Overseas visitors, including those from Hong Kong, Macau and Taiwan, exceeded 68,000 – 141% higher than the previous event in Shenzhen. This showed the event’s “significance in fostering international trade cooperation” said the organiser, Adsale. � www.chinaplasonline.com


Carbios delays building


Carbios of France says it is delaying construction of its first PET enzymatic recycling plant in Longlaville, US by six to nine months. However, it plans to


resume construction once extra financing has been secured – adding that renegotiations with suppliers should enable work to be completed within budget. A financial update also included details of an imminent reorganisation and cost-cutting plan. “With a newly refocused and tightly controlled plan of expenditures, we have clear and extended visibility well beyond the near-term 12-month horizon,” said Vincent Kamel, CEO of Carbios. He said this allows


Carbios to achieve its strategic priorities, which involve securing the financing needed to resume construction of the Longlaville plant and accelerating sales of its technologies. � https://www.carbios.com/fr/


EuPC warns tariffs could cost industry jobs


The European Plastics Converters (EuPC) trade body has warned that EU tariffs on US polymer imports could threaten companies in Europe. “These tariffs risk triggering a chain


reaction of price hikes, reduced competitiveness and job losses across the EU,” said Paolo Bochicchio, managing director of EuPC, the trade


www.filmandsheet.com


organisation which represents plastics converters. “They could seriously undermine


Europe’s industrial and environmental goals,” he added. It also suggested raw material costs


will increase – hurting 95% of the largely SME-based industry – imports of cheaper finished plastic goods will


surge, further weakening EU manufac- turers, and investments in recycling and circularity will stall, hitting Europe’s green ambitions. EuPC urged policy makers in Brussels to stop the tariffs, support SMEs with cost offsets and secure stable raw material supply. � www.plasticsconverters.eu


June 2025 | FILM & SHEET EXTRUSION 5


IMAGE: ADSALE


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