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