FilmTack
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Company type | Private |
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| Industry | |
| Founded | 1980 |
| Headquarters | Singapore |
Area served | Worldwide |
Key people |
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| Products | |
| Website | www.filmtack.com |
FilmTack is a multinational window films company[1] headquartered in Singapore that develops and supports a wide range of products and services related to glass tinting.
FilmTack invests in related assets and businesses with a strong presence in the key global markets: Oceania, NE Asia (ex. China), ASEAN and North America. In addition to its home base in Singapore. FilmTack, through its subsidiaries, associates and joint ventures, is mainly engaged in product development of window films and paint protection films, infrared-filtering chemicals, antimicrobial window films, and provision of private-label branding services.
The group subsidiary, FilmTack Pte Ltd is a recipient of the E50.startup Award in 2006[2] organized by Accenture, The Business Times and Economic Development Board of Singapore.
FilmTack was spun off from parent Haeuei Enterprise in 2004. The initial product range was limited to metallized and non-metallized Dyed Films. The primary use of window tinting was once for privacy and protection against harmful ultraviolet rays. Today, the industry has evolved to provide higher heat reduction films through the coating of metals and ceramics on the polyester films.
In 2007, FilmTack acquired processing facilities for converting thermal transfer ribbon(TTR). In what is by far the largest business failure in the group history, the collapse of the TTR division in 2009, resulted in the transfer of all warehousing facilities to FilmTack's window films division.
In 2010, the group celebrated its 30th anniversary, and Chairman Poon T K expressed concern about rising raw-material prices and uncertain global demand in the trade.[3] Company began to embark on the largest facility upgrading program in history in bid to improve efficiency. By July 2, 2011, FilmTack completed the US$1.6 million expansion which doubled slitting and rewinding facilities and increased warehousing space to over 23,000sqft.[4]
In August 2016, MaxPro Manufacturing, LLC announces partnership with FilmTack, using FilmTack as a regional distribution center for MaxPro Window Films,[5] aligning with Singapore's efforts to strength its business hub status in Asia-Pacific. The terms of the deal included the establishment of a regional logistics center in Singapore to expand MaxPro's footprints throughout the Asia-Pacific and a US$1.7 million investment. These funds will be used to acquire a new 8500sqft facility before 2017 to accommodate the expected growth.[6]
The continued global demand for metallized films saw the launch of automotive SPX series in 2019 which had little interference with various 5G bandwidths, while maintaining superior heat reduction.[7]
Complementing the TPU-trading business, paint protection films were launched in 2020 after five years of development and testing in tropical climates with hydrophobic, self-heating and stain-resistance features. In 2021, FilmTack developed nano-islands coating on window film surface to offer protection against the human coronavirus and bacteria, incorporating earlier antimicrobial technology in face-shield visor films.[8]
In mid-2020s, FilmTack narrowed the price differential in PSF (unit) between 40-inch and 60-inch automotive films due to better economies of scale; the demand for 40-inch width had been growing significantly in recent years due to soaring shipping surcharges imposed on 60-inch tints.[9]