Toppan and its group company, Max Speciality Films, participated together in PackEx India 2022 at the Bombay Exhibition Centre in Mumbai from September 14 to 16. In the exhibition, Toppan along with MSFL promoted Recyclable CPP Film, GL Barrier film, and SL7 Film to end users in the food industry and Indian packaging converters. Max Speciality Films is one of the leading film manufacturers in India. We spoke to the Yuzuko Yoneyama and Tetsuo Sato of Toppan.
Yuzuko said, “we participated in this exhibition to understand the consumer behavior and the Indian market, and secondly, after the pandemic, we need to re-establish business in Indian and other market Asian markets. We entered into the film business in India after acquiring Max Speciality Film.”
“Max has a good connection in India, so we can better understand the Indian market with the acquisition. India is a price-sensitive market where we have offered a variety of products. Our focus in this exhibition is the new GL BARRIER film and SL7 Film (Ultra high barrier BOPP Film to replace Alumium foil)”
GL BARRIER is a comprehensive barrier product brand of barrier films with GL FILM at its core that maintains a leading share of the global market on account of world-class barrier performance and an extensive range of products for diverse purposes. GL FILM offers an alternative to AL Foil and an improvement over metalized films, PVDC, and EVOH films. It maintains barrier performance under high temperature and humidity. Different grades are suitable for dry & liquid content and different types of sterilization, including hot fill, boiling, and retort. When replacing aluminum, the packaging structure may be downgauged.
MSFL was founded in 1990 and has its headquarters and manufacturing base in Punjab, India. The company manufactures and sells BOPP films, predominantly for food packaging. Since making its initial investment in MSFL, Toppan has participated in the business as a minority shareholder. Increasing its stake from 49% to 90% and bringing MSFL on board as a consolidated subsidiary will enable Toppan to strengthen its business in the growing Indian market for BOPP films, which are anticipated to see demand as a more readily recyclable mono-material for packaging. The addition of MSFL and its extensive knowledge of the Indian market to the Toppan Group facilitates an accurate understanding of the needs of a huge market of 1.3 billion people and secures a film development and manufacturing base in a location that will be key for enhancing the global supply network for mono-materials.
