Mold-Tek Packaging Limited is the leader in manufacturing injection moulded rigid plastic packaging containers. Mold-Tek has been the innovator and torchbearer in introducing many world class packaging products in India for Lubes, Paints, Food and FMCG products.

Mold-Tek is the first Company in India to introduce recently "In-Mold Labeling (IML)" concept for decorating plastic containers using ROBOTS. IML enables photographic quality decoration with complete hygienic and hands-free production of containers suitable for food and FMCG products. Mold-Tek is the only packaging Company in the world to design and manufacture in-house ROBOTS for the IML decoration.

Commenting on future prospects:

Square O-Packs & New Products:

Mr. J. Lakshmana Rao, Chairman and managing director, said that Our Q-Packs of 5.15 and 17 litres packs are gaining huge demand and sales picked up considerably from Ghee & Edible Oil segments. From December 2018 Company will launch a new set of retail packs for Ghee and spices and other food products in the range of 5O ml to 1000 ml packs. New enquiries from major MNCs in Food and FMCG are also under development which may add to sales from the 4th quarter of this Financial Year. The company opened a sales office in North in Gurgaon expand the client base. The Ice Cream Packs launched last season were well received in the market and new major clients are being added and capacity also being enhanced to meet the increasing demands this year.

First Orders of APIL are being executed at Mysore:

Construction activities almost completed at Mysore plant for Asian Paints Limited and orders received and Invoicing is starting with effect from 10.11.2018. 70% of Construction at Vizag plant completed and production may start from January 2019.

The above developments will keep up the growth prospects for the Company in the coming quarters.

RAK Unit has bagged order from new customers like Novasolum speciality Chemicals LLC, Magnum Lubricants and Gulf Oil Middle East etc and order from other new clients; sales are expected to grow above BEP in coming quarters. However, the traction from Paint and Dairy industry is below expectation. And the company is planning to shift some more capacity to India for better overall utilization.