Abstract: A machine and a method are disclosed for forming pleated and wound electrical capacitors having a metallized dielectric which is metallized on both sides to form electrodes thereon. The metallized dielectric material is fed from supply rollers and it is pulled tightly over one or more rotatable discs so that it is locked firmly onto the periphery thereof. In one embodiment, three rotatable discs are employed and the center disc projects beyond the other two discs which are aligned at acute angles with respect to the center disc. After the dielectric material leaves these discs, it passes through a low pressure air stream which smooths out the wrinkles in the material. It is then fed under tension around a substantial portion of the periphery of a relatively large winding wheel.