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Max Speciality Films commercialises advanced metallizer line

Tuesday, 20 Apr 2021

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Max Ventures & Industries’ (MaxVIL) subsidiary Max Speciality Films (MSFL), which manufactures specialty packaging films had announced in December 2020 that the company will be installing two additional metallizer lines.

MSFL has commenced first of the two metallizer lines. These two additional metallizer lines were planned as part of MSFL’s strategy to continue to embark on its speciality journey.

Planned with a total capex of Rs 600 million for two lines (Rs 300 million for each), these metallizer lines will enable MSFL to enhance its value-added specialty product portfolio.

A total of Rs 300 million for the first metallizer line was funded by MaxVIL and its Japanese partner Toppan in the proportion to their shareholding in MSFL, that is 51:49.

The second metallizer line which is expected to be commercialised in Q3/FY22 will be funded through internal accruals. These two additional lines are one of the newest and most technologically advanced with superior production capabilities.

After the commercialisation of the second line, MSFL will have a total of six metallizer lines. These state-of-the-art metallizer lines incorporate the best in class technology and innovations in the manufacturing of sustainable speciality films with transparency, high barrier performance and superior appearance of the packaging.