Mold-Tek Packaging - Spreading Its Wings: Nirmal Bang
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Nirmal Bang Report
We attended the annual general meeting of Mold-Tek Packaging Ltd.
The most important takeaway from the meeting was the announcement of project injection blow moulding, which is essentially a foray into regulated pharma, cosmetics, domestic pharma and nutraceuticals segments over the next few years.
Mold-Tek Packaging is entering into the injection blow moulding technology.
Total capex requirement for this project is ~Rs 500 million for the next two years.
This opens up a huge opportunity for the company in our view, as the addressable market for these segments is ~Rs 50 billion, as per management.
Regulated pharma segment will take reasonable time to scale up as it involves DMF filings and U.S. Food and Drug Administration approvals etc.
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