Home  »  Company  »  Mold-Tek Packaging Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

Mold-Tek Packaging Ltd. Company History and Annual Growth Details

The Company was incorporated as Tresure Paks Private Limited on 28th day of February, 1997 under the Companies Act, 1956 with Company No. 01-26542 of 1997-98, which was converted into public limited company on 10th August, 2007. The name of the Company was changed from Tresure Paks Limited to Moldtek Plastics Limited with effect from 20th August, 2007. A fresh Certificate of Incorporation consequent to change of name has been obtained from the ROC, Andhra Pradesh, Hyderabad.

Moldtek Plastics Limited (MPL) has been engaged in the business of manufacturing, processing and sale of metallic and plastic packaging components since 1998.

Pursuant to Scheme of Arrangement between Teck-men Tools Private Limited, the Transferor Company and Mold-Tek Technologies Limited, the Transferor Company and the Demerged Company and Moldtek Plastics Limited, the Resulting Company, the business of injection and blow moulded plastic components and containers including the business of Teck-men
Tools Private Limited (TTPL) merged under the Scheme of Arrangement of MTL with the relevant assets and liabilities was demerged and transferred with effect from 1st April, 2007 as Appointed Date to Moldtek Plastics Limited (MPL).


Industry and Business Overview :

Plastics Packaging Industry :

Overall industry slowdown in the plastics and packaging industry in the recent past is significant. During FY08, the plastics packaging business grew quite impressively keeping in view increased consumer spend and growth in the lubricants and oils businesses spurred by consumer demand. However the good growth of the plastics packaging industry is offset recently by slowdown in demand, as this industry is directly dependent on the growth of other industrial segments. The domestic market is a significant part of our industry. Our company caters mostly to the industrial packaging segment and any slowdown in the overall industry segments impacts us.

Exports

MPL also continued its performance in exports with export sales valued at (INR) Rs 1.466 crores during the year 2007-08.

2009

-Mold-Tek Plastics has recommended a final dividend of 20%

2010

-Company has changed its name from Moldtek Plastics Ltd. to Mold-Tek Packaging Ltd.

-Mold-Tek Packaging has received major orders from M/s. Berger Paints India Ltd.

2011

-Mold-Tek Packaging has recommended a final dividend of Rs. 3/- per Equity Share (30%)

2012

-Mold-Tek Packaging has grabbed a huge order from Hindustan Unilever Limited (HUL) for supply of 5 million containers in 3 months time with IML decoration.

-The Company has received orders from Castrol India Limited

-Mold-Tek Packaging has inaugurated its new Daman Unit.

2013
-Mold-Tek Packaging "Winner of the highest ranking award "SME OF THE YEAR" & "TECH-SAVVY SME" Award".
-Mold-Tek Packaging has opened a new plant at Satara District, Maharashtra.
-Mold-Tek Packaging recommended final dividend of Rs.1.50/- per Equity Share (15%).

2014
-Mold-Tek Packaging has recommended Final Dividend of Rs. 1.50/- Per Equity Share (15%).

2015
-Mold-Tek Packaging Ltd has received "Quality Champion Award" from Asian Paints (I) Ltd.

2016
-Mold-Tek Packaging wins contract from Asian Paints
-Mold-Tek Packaging - Received Award of Appreciation and Innovation
-Mold-Tek Packaging - Inaguaration of Plant at RAK and achievement of Award

Find IFSC