Max Speciality Films Limited Inaugurates New BOPP Manufacturing LineMay 24, 2018
Max Speciality Films Limited (MSFL), one of India’s leading manufacturers of BOPP packaging films, today launched its fifthBOPP films manufacturing line (Line 5), significantly increasing its capacity from 46.35 KTPA to 80.85 KTPA. The new line was launched at a special inaugural ceremony by Shri. Manpreet Singh Badal, Hon’ble Finance Minister, Government of Punjab.
MSFL’s Line 5 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 (MaxVIL)(BSE: 539940 | NSE: MAXVIL), 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 Co. Ltd. (Toppan), 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 INR 198.78 Cr., through a combination of primary and secondary share issuance for 49% equity share in MSFL.