Trioworld Group, a producer of innovative high-performance plastic film solutions in Europe and North America, has announced its joint venture with Filmtec, a provider of ultra high-performance stretch films and POF shrink films based in India.
This joint venture represents a significant move in Trioworld’s expansion into high-growth markets and strengthens its global footprint. The transaction closed on 30 May 2025.
“We are excited to welcome Filmtec into the Trioworld family,” says Andreas Malmberg, CEO of Trioworld. “This joint venture is a strategic step in our global expansion, enabling us to tap into the rapidly growing Indian market.”
Filmtec’s expertise in ultra high-performance stretch films aligns perfectly with our commitment to sustainability and innovation, and together, we will drive impactful growth in the region.
Filmtec, headquartered in India, is known for its expertise in stretch films and flexible packaging solutions. With India emerging as a pivotal hub for manufacturing and exports, this joint venture positions Trioworld to meet the increasing demand for reliable and cost-effective packaging solutions.
“We are proud to join forces with Trioworld, a company that shares our values and commitment to innovation,” says Rajan Desai, managing partner of Filmtec. “This partnership will enable us to enhance customer value through synergies that drive growth and sustainability across the region.”
This joint venture provides Trioworld with a robust platform for expanding into neighboring markets in Asia, the Middle East, and Africa. India’s strategic location, including major ports like Mumbai, Chennai, and Kolkata, offers Trioworld an optimal base for optimizing regional supply chains and improving delivery efficiencies.
Filmtec founders have more than 30 years of experience in the conversion, extrusion, and manufacturing of packaging products. Their commitment to providing high quality products and excellent customer satisfaction has translated into a company that produces a line of products that are unmatched in the marketplace today for quality, consistency, and performance.
Trioworld is a leading supplier of innovative, high-performance plastic film, providing solutions for consumer- and industrial packaging, transport packaging, agriculture, hygiene, and medical technology with an annual turnover of 1 billion Euros and 2,000 employees.
The group’s head office is in Smålandsstenar, Sweden, with production and recycling sites in Sweden, Denmark, the Netherlands, France, Germany, the United Kingdom and Canada.
