Cosmo First Ltd., a maker of plastic films, collaborated with Filmax Corporation in South Korea. The goal of this partnership is to bring Cosmo First's products to South Korea and help Filmax expand its products worldwide. The new venture will combine Cosmo First's technology and global reach with Filmax's strong brand in South Korea.
The partnership will utilize Cosmo First's technology, global supply chain, and experience in specialty films, chemicals, and packaging, along with Filmax Corporation's strong brand in South Korea.
This collaboration holds a major milestone in the growth of both companies, as they aim to cater to the growing demand for high-quality, sustainable packaging solutions in major international markets.
Having a shared vision for innovation as well as sustainability, Cosmo First and Filmax plan to explore new opportunities for growth, bringing advanced film technologies to diverse industries such as food packaging, electronics, automotive, etc. Their combined strengths position them to lead the way in creating eco-friendly packaging solutions that meet global sustainability goals.
Executive Statement
According to Cosmo Chairman and Managing Director Ashok Jaipuria, by joining hands with Filmax Corporation, they merge global innovation with South Korean excellence. Together, they are confident of achieving ambitious growth, delivering superior value to customers across the globe, and setting new standards in specialty film solutions.
According to Filmax Corporation Chairman Byung Ik Woo, their partnership with Cosmo First is a major step toward not only reinforcing our leadership position in the region but also taking our expertise to the global stage.