T h e A r t o f P l a s t i c i t y

2 1/04/18

Mantzaris S.A in a Nutshell

126 employees

1991 Established

HEADQUARTERS

Zevgolatio, Korinthias

Exports Office

Athens Greece

3 BUSINESS SEGMENTS

Flexible Packaging

~50%

Agricultural

Products

~30%

Consumer

Products

~20%

~ 5% Avg Annual Growth

24 M Euros 2018

7 blown-film extrusion lines

5 blown-film co-extrusion lines

4 Waste bag production lines

1 Product line of drip pipe

2 bottom weld sack machines

3 Carrier-bag production lines

1 recycling line

Production Equipment

2.6 M Euros CAPEX 2019

Agricultural products

Packaging products Consumer products

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Rely on a strategic partner • Nominal Capacity of 17.000tns of PE production annually

• Tailor Made solutions based on customer’s needs

• Constant investment for new state of the art production lines and R&D

• 2 Alpina Hosokawa 3 layer MDO lines

• 1 Reifenhauser 3 layer line

• Strick Quality assurance protocols

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Environmental Footprint

5 1/04/18

Controlled Production Environment

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Production Units

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Production Units

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Production Units

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Production Units

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In Situ Recycling Units

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Quality control Quality Control • Top quality raw materials (REACH / MSDS)

• Quality Management certification according to

• ISO 9001:2015

• ISO 22000:2005

• ISO 14001:2015

• Suppliers’ evaluation

EQC (Eurofilm Quality Control) according to accredited Standards

Thickness/μm, Width/cm, Weight/g/qm,

Corona Treatment/dyn

ISO 527

Tensile Strength MD-TD/N/qmm

Tensile Yield MD-TD/qmm

Elongation MD-TD/%

ISO 8295

Coefficient of Friction

R & D

Fully equipped laboratory

Top quality raw materials (REACH / MSDS)

ISO 9001:2015

ISO 22000:2005

ISO 14001:2015

Quality

Customer Service

• Efficient distribution network

• Adjustable sales on customer needs

• Stock keeping policy

Eurofilm Added Value Platform

Strategic Partnerships

• Dedicated R & D team

• Project/ customer focus

• Tailor made solutions

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Lamination Film EURO 2SLL 40AC Polyethylene lamination transparent film with highly adhesive properties for flow-pack machines. Used with polyethylene and polypropylene . Suitable for packaging food products such as rise, beans, etc.

Types of film: FT EURO 2SLL40AC FT EURO 2SLL40ACA – Anti-Fog FT EURO 2SLL40ACH – High-Slip FT EURO 2SLL40ACW – White

CHEMICAL CHARACTERISTICS OF RAW MATERIAL

•Standard technical specifications •Approved for food packaging according the (EU) Regulation No 10/2011 (14.1.2011) and its amendments on the suitability of food contact materials. •Absence of heavy metals (Cd, CrVl, Pb, Hg) regulation 94/62 / EC

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Lamination Film

EURO 2SLL 80AC High quality film for triplex use (polyester-aluminum-polyethylene). Used in packages of products such as coffee, wet wipes, etc. Types of film: FT EURO 2SLL80AC FT EURO 2SLL80ACA – Anti-Fog FT EURO 2SLL80ACH – High-Slip FT EURO 2SLL80ACW – White

15 1/04/18

Lamination Film EURO 2SLL 100AC High quality film for difficult and demanding applications, with quick and safe welding. Used in packages of products such as soap, oil containing products etc. Types of film: FT EURO 2SLL100AC FT EURO 2SLL100ACA – Anti-Fog FT EURO 2SLL100ACH – High-Slip FT EURO 2SLL100ACW – White

NEW HD SHEET WITH 2LD OR LLD IN OUTER LAYERS

Suitable for cornflakes packaging, mesh bag handles, etc.

EASY PEEL 20AFFD: Lamination film of high requirements for the use of food packages (e.g. Cheese), requiring very good adhesion and relatively easy peel-opening. The adhesive substrate can be polypropylene (PP) or HDPE.

EASY PEEL (easy open): Lamination film for use in polyethylene food packaging. where very good PE to PE adhesion is required and relatively easy peel-opening

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Lamination Film Conversion

Film Flatness

Film Camber

Film Curl

Current Lamination Film Sourcing Criteria

Nominal Dimensions and Tech Specs

Film thickness

Film width

Film mechanical properties

Suppliers benchmark on Price/meter/tons

KPI on Application Performance?

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Definition of Film Flatness

Film uneven Flatness due to temperature variations during Production Film presenting uneven

Flatness profile

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Definition of film Camber and Curl

Camber due to film production process Lamination Film Curling

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The Evolution of lamination Films

Lamination Film Sourcing Criteria:

Film thickness

Film width

Film Mechanical properties

Printing speed

Printing Quality

Less adhesive use

Higher bond strength

Less waste

Film Flatness

Film Camber

Film Curl

KPI on Application Performance

The Evolution of Lamination Films

Raw Materials

Production

Lines R & D

Raw Materials

State of the Art

Production

Lines

R & D

Eurofilm Evo Lamination Film

Regular Lamination Films

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Evo Lamination Value Proposition Adhesive cost

reduction- Increased bond strength

Higher Printing

Speeds

Lower waste due to Lower curl

Lower waste due to Lower camber

Equipment wear improvement

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Film Flatness Improvement

Eurofilm Evo Lamination Film

Conventional Lamination Film

Indicative Average Lamination Film Flatness Improvement of 30%

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Conventional Lamination Film Eurofilm Evo Lamination Film

Film Flatness Improvement

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Conventional Lamination Film Eurofilm Evo Lamination Film

Film Flatness Improvement

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Lamination Bond Strength Improvement

2,5 2,3

3,7

4,6

80 microns 120 microns 70 microns 35 microns

Conventional Lamination Film

Evo Lamination Film

Solvent Free

80 microns 120 microns 70 microns 35 microns

Solvent Based

+8%

+40%

+49% +9%

+13% +19%

+16%

+7%

Indicative Average of 20% Lamination bond strength Improvement due to film flatness

FILM A FILM B FILM C FILM D FILM A FILM B FILM C FILM D

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Printing Quality Improvement

100 150 200 250 300 350 400

m/min

ConventionalLamination Film

Evo Lamination Film

-36%

-11% -14% Higher printing speed

Constant print quality

Improved plate life

Dot Gain

Printing speed

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Film Camber Improvement

Less Edge trim during converting

Less wrinkling during lamination

Improved Film processing

80 microns 120 microns 70 microns 35 microns

Conventional Lamination Film

Evo Lamination Film

-77%

-57% -91%

-45%

FILM A

FILM B FILM C FILM D

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80 microns 120 microns 70 microns 35 microns

Film Curl Improvement

Solvent Free

Solvent Based

-27%

-25%

-33% -10% -42%

-55%

-25%

-36%

Improved converting quality which results in lower production waste

80 microns 120 microns 70 microns 35 microns

Conventional Lamination Film

Evo Lamination Film

FILM A

FILM Β

FILM C

FILM D

FILM B

FILM C FILM A FILM D

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20 % Higher printing speed

10% Lower adhesive use

50% Curl cost improvement

50% Camber cost improvement

T.C.O Case Study

Lamination Film Converter:

Less waste

Higher Productivity

Lower Production Cost

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T.C.O Case Study

Prior Optimisation After Optimisation

Processing Cost/ Auxilliary Material/Scrap

Conventional Lamination Film

Sustainable T.C.O. Reduction

Printing speed

Bond strength

Adhesive usage

Scrap

Conventional

Lamination

Film

Processing Cost

Adhesive Cost

Scrap

Eurofilm Evo

Lamination

Film

Spend

€

Processing Cost

Adhesive Cost

Scrap

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The Future of Packaging Recyclable Mono-Material Films

Moving towards a Sustainable Bio Friendly future in Packaging

Multi-Material film structures provide a wide range of protective and

functional properties in flexible packaging applications

However:

Multi-Material film structures are not recyclable

Eurofilm invests in R&D focused in the promotion solutions that enable:

• Reduced material consumption

• Full product recyclability

• Use of Recycled materials

• Use of Renewable materials

MDO PE

+

PE

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The Future of Packaging Recyclable Mono-Material Films

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The Future of Packaging Recyclable Mono-Material Films

Water vapor barrier

Medium oxygen and water

High oxygen and water vapor

MDO + PE

coated MDO + PE coated MDO + MDO + PE

MDO

PE

coated MDO

PE

MDO

coated MDO

PE

34 1/04/18

⎮ MDO for water vapor barrier?

⎮ MDO for medium oxygen and water

vapor barrier?

⎮ MDO for high oxygen and water

vapor barrier?

0

0.5

1

1.5

2

2.5

3

3.5

4

Haze %

Gloss%

WVTR (g/m2 * day)

ORT (cm3/M2*day*bar)

Darts Impact

Tensile Strength, MD (N)

Darts Impact (g)

Stiffness, MD (N/mm)

Customer 1 Requierments Customer 2 Requierments

The Future of Packaging Recyclable Mono-Material Films

Application Driven Tailored Solutions

35 1/04/18