JUNE 20258UFLEX UNVEILS SINGLE-PELLET FOOD PACKAGING SOLUTION FOR SUSTAINABILITYINDIA'S GREEN HYDROGEN COSTS TO DROP 40 PERCENT WITH GOVT INCENTIVESWith the highly fast-growing electric two-wheeler market in Indonesia, TVS Motor Company has strategically entered the market by launching its electric two-wheeler scooter, the TVS iQube. PT TVS Motor, the Indonesian subsidiary of the company has started booking the iQube at an attractive rate of IDR 29.9 million (approximately 1.6 lakhs).The product launch follows new FSSAI regulations favoring India's Extended Producer Responsibility (EPR) objectives. Starting April 1, 2025, brands employing Category-1 rigid plastic packaging, such as PET bottles, are required to incorporate a minimum of 30 percent recycled content by FY 2025­26. UFlex innovation perfectly takes on this requirement by satisfying the FSSAI standards for Food Contact Material-recycled PET (FCM-rPET), calling for a certified decontamination process to ensure food safety.Interestingly, the newly created single-pellet resin has also obtained international certification, including US Food and Drug Administration (US FDA) approval, further en-hancing its authenticity for use in food packaging worldwide.Ashish Saxena, Joint President of Packaging Films Business, UFlex, stated, "We are happy to lead with green innovation through our single-pellet solution that is destined to empower FMCG players to comply with EPR requirements under the upcoming FSSAI norms. Our Rs 317 crore investment in two new recycling centers being established in Noida stands as a testimony to our commitment to India's plastic circularity vision."UFlex has also emerged as the market leader in eco-friendly packaging, being the first Indian firm to receive US FDA clearance for the recycling and reuse of rPET, rPE, and rPP for food applications. In Indonesia, the adoption of two-wheel electric vehicles have recorded a remarkable 101 percent CAGR in the last three years. TVS Motor hopes to provide a solution to the country's green mobility objectives by offering a product that is robust and competitively priced. "Electric vehicle (EV) adoption in the two-wheeler segment of Indonesia has seen a strong growth of 101 per cent CAGR in the last three years. We are pleased to partner with the government efforts on promoting EVs with a reliable, high quality product and attractive pricing in the form of TVS iQube," said James Chan, Senior Vice-President ASEAN, TVS Motor Company.The iQube will be assembled at the PT TVS Motor plant in East Karawang, supporting local manufacturing efforts. "We are constantly striving to develop EV capability across our sales and after-sales network to deliver a superior customer experience," Chan added.Globally, the iQube has reached over 6 lakh customers. "We are confident that the superior and comfortable riding experience of the TVS iQube will delight our customers in Indonesia," said Madhu Prakash Singh, Vice President, EV International Business. The iQube delivers 115 km real-world range, a top speed of 78 kmph, and 0­40 kmph in just 4.2 seconds. TOP STORIESUFlex Ltd., a global leader in flexible packaging and polymer solutions, has introduced a game-changing single-pellet solution for packaging food and beverages. The innovation enables the combining recycled PET (rPET) and virgin PET in a single, high-purity pellet that is completely compliant with FSSAI norms.This novel resin pellet offers the advantages of thermal stability and mechanical strength, along with high clarity and low end-of-pack acetaldehyde levels. Allowing for effortless compatibility with existing PET processing lines, the solution allows for a trouble-free shift to rPET-based manufacture without requiring investment in expensive equipment modifications.· UFlex launches FSSAI-compliant single-pellet rPET solution for food packaging.· Compatible with existing PET lines, has no new machinery investment needed.· Certified by the US FDA for global food-grade packaging applications.· Indonesia's EV two-wheeler market grew 101 percent CAGR in 3 years.· The iQube launch aligns with government efforts to boost EV adoption.· TVS positions iQube as a high-quality, competitively priced green mobility option.
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