[dropcaps style=’2′]Max Speciality Films, one of India’s leading manufacturers of BOPP packaging films launched its fifth BOPP films manufacturing line (Line 5) on 9 May 2018, significantly increasing its capacity from 46.35 KTPA to 80.85 KTPA. The new line was launched by Manpreet Singh Badal, finance minister, Government of Punjab.[/dropcaps]
MSFL’s new line is designed to meet trends for recyclability, ultra high barriers and print receptivity. The line will be able to manufacture thicker films with advanced properties making it environment-friendly since it is conducive to recycling and reducing the usage of plastic per pack.
The launch of Line 5 is the second significant growth initiative undertaken by Max Ventures and Industries Limited, through MSFL, within the last one year as part of its ongoing effort to rejuvenate the manufacturing business. In February 2017, the company had brought in Japan’s Toppan Printing, as a strategic investor and partner in MSFL to share their expertise in managing a global speciality films business, as well as, leveraging their global sales network. As part of the partnership, Toppan had invested approximately Rs 198.78 crore, through a combination of primary and secondary share issuance for 49% equity share in MSFL.
Sahil Vachani, managing director and CEO, MaxVIL said, “At MaxVIL, it has been our consistent endeavour to reinvigorate the manufacturing business, especially against the backdrop of the government’s Make in India thrust, and help differentiate it through strategic innovation in an increasingly crowded and competitive market. MSFL is among the leading manufacturers of value-added BOPP films in India, fulfilling the requirements of some of the world’s most popular clients. Armed with an augmented production capacity and Toppan’s expansive global sales network and technological capabilities, I believe MSFL will greatly benefit from the resulting economies of scale.”
Ramneek Jain, CEO of Max Speciality Films said, “With the introduction of Line 5, we expect to benefit from a reduction in our cost per unit. Further, the versatility of the layout will accelerate the expansion of the company’s portfolio of speciality films across two key business areas: packaging and labeling.”
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