Uflex shares zoomed over 9% after the company announced that it has developed aPersonal Protective Equipment (PPE) coverall ‘Flex Protect’.- Since the beginning of 2020, Uflex share price has taken a massive hit because of the subdued market sentiments.
- Uflex, along with
IIT-Delhi recognized the opportunity towards playing a vital part in the battle against COVID-19, said Pillai, the joint president for packaging and new product development at UFlex.
Since the beginning of 2020, Uflex share prices had taken a massive hit because of subdued market sentiments.The share price has declined over 40% since the beginning of this year, till date. But interestingly, since the lockdown has started the shares have begun to climb back up at a steady pace.
Jeevaraj Pillai, the joint president for packaging and new product development at UFlex said that with the rising
“Flex Protect comes with Four-layered Protection and Anti-microbial Coating and has been approved by
Uflex said the protective gears are made from a combination of non-woven polypropylene fabric and further impregnated with antimicrobial PPC coating through a special process to increase the breathability.
“As compared to other PPE Kits, the Flex-Protect Coverall Standard is made of 70 GSM which makes it very comfortable and flexible, and fit to be worn for long hours as well,” it $4.
The company also said that it will be bidding for government requirements to supply PPE coveralls and it will be retailed via chemists and e-commerce platforms.
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