India’s largest packaging company Uflex partners with IIT-Delhi to develop PPE kits—shares soar 9%

Health workers wearing Personal Protective Equipment (PPE) at Danapur Junction in Patna on Monday as Migrants from Kerala arrives by 'Shramik Special train' during nationwide lockdown-3 as a preventive measure amid rising cases of COVID19 Novel Coronavirus.Pic by--K M Sharma, Patna (Bihar).BCCL
  • Uflex shares zoomed over 9% after the company announced that it has developed a Personal 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.
India’s largest multinational flexible packaging company Uflex shares zoomed over 9% after the company announced that it has developed a Personal Protective Equipment (PPE) coverall ‘Flex Protect’ in joint collaboration with IIT-Delhi, INMAS and DRDO.

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.

BI India

Jeevaraj Pillai, the joint president for packaging and new product development at UFlex said that with the rising coronavirus cases and scarcity of PPE coverall, Uflex decided to play a vital part in the battle against COVID-19.
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“Flex Protect comes with Four-layered Protection and Anti-microbial Coating and has been approved by The Defence Research and Development Organisation (DRDO) for use by the front-line health workers who are fighting the battle against COVID-19,” the company said in a stock-exchange filing, today (May 28).

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.

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“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 added.

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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