Moldtek Packaging signs MoU with Vibe Generation Holdings (UK) to produce High-Precision caps & Closures

Moldtek Packaging Limited ("Moldtek" or "the Company") is pleased to announce that it has entered a Memorandum of Understanding (MoU) with Vibe Generation Holdings, a UK-based technology and marketing company specialising In advanced intellectual property for caps and closures for high value products.

Vibe Generation Is promoted by Mr. David Pritchett, Managing Partner who has 15+ years of prior experience as CEO of a 500 million USD multinational packaging firm specializing In closures and 35+ years in international business and marketing. Also represented by Mr. Riddhamn Baahri, COO. He was earlier in manufacturing of dispensers and closures.

The collaboration is aimed at commercialising Vibe Generation's proprietary IP focused on safety-enhanced, highprecision, dimension-critical closures. The global market opportunity for this segment is estimated at USD 1 billion, and through this strategic MoU with Vibe Generations Holdings, Moldtek aims to generate revenues of around 25-30 million USD (INR 250 cr) in the next 5 years.

Leveraging its world-class manufacturing infrastructure, In-house mold design capabilities, and advanced tool room, Moldtek will drive the mold development, manufacturing, and commercial rollout of these cutting-edge designs. Vibe Generation wlll drive the marketing and sales in the international markets across Europe and USA. This partnership aligns strongly with Moldtek's strategic roadmap to expand into high-margin, design-centric product segments where dimensional accuracy, Innovation, and design Integrity play a critical role-areas in which Moldtek has consistently demonstrated Industry leadership.

Both parties have Jointly Identified specific products and development pathways as part of the initial phase of the collaboration. The engagement Is structured to be mutually exclusive, with a non-compete framework, ensuring focused development, protection of shared IP, and long-term value creation.

Moldtek believes this partnership will accelerate Its global presence in premium closures, strengthen export revenues, and further enhance its reputation as a high value add packaging solutions provider.

Shares of Mold-Tek Packaging Limited was last trading in BSE at Rs. 626.75 as compared to the previous close of Rs. 611.25. The total number of shares traded during the day was 3402 in over 329 trades.

The stock hit an intraday high of Rs. 630.00 and intraday low of 607.45. The net turnover during the day was Rs. 2108939.00.

Source : Equity Bulls

Keywords

MoldTekPackaging INE893J01029 MoU VibeGenerationHoldings