Announced Fri, 22 May · 14:05 IST
Announcement under Regulation 30 (LODR) - Incorporation of Joint Venture Company
COSMOFIRST · price
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AI summary
Cosmo First Ltd and Filmax Corporation, Korea have incorporated a Joint Venture Company named 'Filmax Cosmo Korea Limited'. This JV will handle distribution, sale and marketing of flexible packaging and other products manufactured by both companies. The initial paid-up capital has been subscribed by both parties in a 50:50 ratio. This follows the agreement executed in November 2025 between the two companies.
Likely market impact
The JV strengthens Cosmo First's international presence and expands its distribution network for flexible packaging products through a strategic partnership with a Korean company.