Toppan, a global leader in communication, security, packaging, décor materials, and electronics solutions, and Max Speciality Films Private Limited (MSFL), a Toppan Group company and one of India’s leading film manufacturers, will participate together for the first time in PackEx India 2022, which will be held at the Bombay Exhibition Centre in Mumbai from 14 to 16 September.
Toppan and MSFL will present the Toppan Group’s barrier packaging business, including GL BARRIER, a market-leading transparent barrier film, to end users such as Indian packaging manufacturers and food producers.
PackEx India is an international packaging materials and technology exhibition held every other year in Mumbai and New Delhi. It showcases packaging materials and equipment for food, cosmetics, toiletries, pharmaceutical products, and industrial goods. In 2019, approximately 470 companies participated, and the number of visitors exceeded 10,000.
Leveraging GL Barrier, which enjoys the leading share of the global market for transparent vapor-deposited barrier films, Toppan has a broad-ranging packaging business with production locations in Japan, other parts of Asia, and North America.
In May 2021 Toppan published its Medium Term Plan for the period April 2021 to March 2023, the key concept of which is digital & sustainable transformation. One of the priorities defined in the plan is accelerating the expansion of the global packaging business by catering to the demand for sustainable solutions and establishing networks facilitating local production for local consumption.
MSFL was founded in 1990 and had its headquarters and manufacturing base in Punjab, India. The company manufactures and sells BOPP films, predominantly for food packaging. After acquiring a 49% stake in MSFL in 2017, Toppan participated in the business as a minority shareholder.
Toppan increased its stake to 90% in February this year, bringing MSFL on board as a consolidated subsidiary. Toppan is strengthening 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.
Increased environmental consciousness in recent years is driving worldwide demand for sustainable packaging materials. Fusing Toppan’s barrier film and packaging businesses with MSFL’s marketing capabilities and extensive knowledge of the film sector and Indian landscape, the two companies will showcase GL Barrier and packaging technologies as they look to expand the Toppan Group’s presence in one of the leading markets in the Asia/Oceania region.