Chandigarh | November 13, 2025: Cosmo First Limited, a leading global conglomerate with diversified interests in Specialty & Consumer Films, Chemicals, Rigid Packaging, and Petcare, has entered into a strategic 50:50 joint venture with Filmax Corporation, a renowned South Korean Films & Chemicals company with strong local market presence and brand equity.
The new entity will jointly introduce and scale Cosmo First’s multiple business verticals in South Korea while also taking Filmax Corporation’s products to international markets through Cosmo First’s established global network.
Partnership Highlights
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The joint venture will combine Cosmo First’s advanced technology, global supply chain, and proven expertise in innovative specialty films, consumer packaging, and chemicals with Filmax Corporation’s strong brand reputation, extensive market reach, and consumer trust in South Korea.
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Both partners will hold an equal equity stake (50:50), demonstrating a shared commitment to long-term growth and value creation.
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The collaboration aims to deliver enhanced product solutions for manufacturers and brand owners by integrating local insights with global best practices.
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The JV will serve as a platform for technology exchange, product innovation, and sustainable business growth across key industrial sectors.
Leadership Comments
Mr. Ashok Jaipuria, Chairman & Managing Director, Cosmo First Limited, said:
“This collaboration marks an exciting new chapter for Cosmo First. By joining hands with Filmax Corporation, we are merging 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 benchmarks in specialty film solutions.”
Mr. Byung Ik Woo, Chairman, Filmax Corporation, added:
“Our partnership with Cosmo First is a significant step toward strengthening our leadership in South Korea and taking our expertise to the global stage. By combining Cosmo First’s strength in innovative specialty films and chemicals with our market presence, we aim to set new standards of excellence and drive a mutually rewarding, value-driven collaboration.”
About Cosmo First Limited
Founded in 1981, Cosmo First Limited is a global, innovation-led materials science company with leadership in Specialty & Consumer Films, Chemicals, Rigid Packaging, and Petcare. The company operates in over 100 countries, driven by a focus on sustainability, innovation, and customer-centricity. Cosmo First is listed on major Indian stock exchanges and continues to expand its footprint through strategic partnerships and global ventures.
About Filmax Corporation
Filmax Corporation is a leading South Korean Films & Chemicals company known for its high-performance products, R&D capabilities, and strong domestic market equity. With decades of industry expertise, Filmax continues to drive innovation and sustainability across the films and chemicals sector in South Korea and beyond.
