Max Ventures subsidiary, MSFL commences first of two metalliser lines

Max Ventures & Industries Limited’s (MaxVIL) subsidiary Max Speciality Films Limited (MSFL), which manufactures specialty packaging films, had announced in December 2020 that it will be installing two additional metalliser lines. MSFL has, however, commenced first of the two metalliser lines. 

Planned with a total Capex of Rs 60 crore for two lines (Rs 30 crore each), these metalliser lines will enable MSFL to enhance its value-added speciality product portfolio. This is in line with its focus since the last few years to co-create packaging films innovations in consultation with leading FMCG companies. 

MaxVIL and its Japanese partner Toppan funded Rs 30 crore for the first metallizer line in the proportion to their shareholding in MSFL, that is 51:49. The second metalliser line, which is expected to be commercialised in Q3FY22, will be funded through internal accruals. These two additional lines are one of the newest and the most technologically-advanced with superior production capabilities. After the commercialisation of the second line, MSFL will have a total of 6 metalliser lines. 

MSFL is among the leading manufacturers of biaxially oriented polypropylene (BOPP) films including speciality packaging, labels, coating, and thermal lamination films for India & overseas markets, with a total capacity of 80.50 kilo tonnes per annum (KTPA). 

During Tuesday’s early morning session, the stock of Max Ventures & Industries was trading 6.3 per cent higher at Rs 57.25 from its previous close of Rs 53.85 on BSE.