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Stellar Films Group Pty Ltd |
 Melbourne-based Stellar Films Group Pty Ltd exports high-quality film for items such as backsheets for baby diapers, women’s personal hygiene needs and healthcare disposables such as surgical drapes and hospital bed liners.
Stellar Films has production plants in Melbourne and Port Klang, Malaysia, and already exports more than 80 per cent of its output. The company was established by a management buyout when global chemicals company Orica divested its Australian plastics business. Export Finance and Insurance Corporation (EFIC) and Stellar Films’ bank, NAB, are assisting the company with additional working capital finance to drive further export sales in Asia and the Middle East. In addition to the normal commercial pressures of operating in a competitive market, the company is subject to the volatility of world oil prices because polymer – the main raw material used in its products – is a petro-chemical derivative. “We try to move our prices to allow for the fluctuations in the price of oil, but it’s a lead-and-lag situation,” said Trevor Haines, Stellar Films’ director of finance and information technology. “The oil price can go up rapidly and you then spend the next few months chasing up margins.” EFIC Headway, a financial guarantee designed especially for small to medium-sized exporters, enabled Stellar Films to obtain additional working capital finance from NAB without the need to provide added security. “EFIC Headway has given us a chance to work with NAB to obtain those extra working capital funds, which in turn helps us take on international markets,” said Mr Haines.
Participating banks
Westpac, HSBC, ANZ, NAB, BankWest, Commonwealth Bank, Bank of Queensland, Bendigo Bank and St.George.
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