Uflex rises 7% as global arm FlexFilms gets US patent for film packaging

Shares of Uflex rose as much as 6.8 per cent to Rs 297 apiece on BSE in the intra-day trade on Tuesday, after the company announced that FlexFilms has been granted US patent for film packaging.

Shares of Uflex rose as much as 6.8 per cent to Rs 297 apiece on BSE in the intra-day trade on Tuesday, after the company announced that its global film manufacturing arm, FlexFilms has been granted United States Patent covering entire categories of formable films that include one or more BOPET layers used in Alu Alu blister packaging.

The patent was issued to Flex Films (USA) Inc on November 20, 2018 for period of 20 years, lending a competitive advantage to the Films Business of the company over its opponents in the cold-formed pharmaceutical packaging industry. With the patent issuance,