Archive · 15 Nov 2025
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.
- When
- Announced November 14, 2025
- Where
- The joint venture will operate in South Korea and globally.
- 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.
- 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