10 months ago
Cosmo First and Filmax Corporation Form 50-50 Joint Venture in South Korea
Imagine two companies, Cosmo First and Filmax, decided to team up like best friends!
Cosmo First is good at making special films and packaging for things like food and cars, and they sell these all over the world.
Filmax is a company in South Korea that's really good at making similar packaging films and people in Korea know them very well.
Now, they are creating a new team together, where each company owns half.
This new team will help Cosmo First sell its products in Korea, and it will help Filmax sell its products to other countries using Cosmo First's connections.
They both believe this partnership will help them grow bigger and make even better products for everyone.
Cosmo First Limited and Filmax Corporation have established a strategic 50-50 joint venture.
The JV aims to introduce Cosmo First's diverse business verticals into the South Korean market.
The partnership will also facilitate the global expansion of Filmax Corporation's products.
Cosmo First brings technology, global supply chain, and expertise in films, chemicals, and packaging.
Filmax Corporation contributes strong brand equity, market reach, and consumer loyalty in South Korea.
- Who
- Cosmo First Limited and Filmax Corporation
- What
- Formed a strategic 50-50 joint venture to expand business verticals into new markets.
- Where
- The joint venture will operate in South Korea and globally.
- When
- Announced November 14, 2025
- Why
- To leverage Cosmo First's technology and global supply chain with Filmax's South Korean market presence to achieve mutual growth and deliver enhanced products.
Key facts
- Joint Venture Partners
- Cosmo First Limited and Filmax Corporation
- JV Equity Stake
- 50-50
- Objective
- Introduce Cosmo First businesses in South Korea and Filmax products globally
- Cosmo First Businesses
- Specialty/Consumer Films & Chemicals, Rigid Packaging, Petcare, Window Films, Paint Protection Films, Ceramic Coatings
- Filmax Corporation Specialty
- Flexible packaging manufacturer, historically producing cellophane, BOPP, CPP, SPP films
- Filmax Corporation 2024 Sales
- Approx. USD 70 million
- Announcement Date
- November 14, 2025
Quotes
Mr. Ashok Jaipuria
Chairman and Managing Director, Cosmo First
“This collaboration marks an exciting new chapter for Cosmo First. By joining hands with Filmax Corporation, we merge global innovation with South Korean excellence. Together, we are confident of achieving ambitious growth, delivering superior value to customers across the globe, and setting new standards in specialty film solutions.”
thehindubusinessline.com
Mr. Byung Ik Woo
Chairman, Filmax Corporation
“Our partnership with Cosmo First is a major step toward not only reinforcing our leadership position in the region but also taking our expertise to the global stage. By combining Cosmo First’s proficiency in innovative specialty films and chemicals with our robust market presence and reach in South Korea, we aim to set new industry benchmarks. We look forward to driving this impactful and value-driven association.”
thehindubusinessline.com