Cosmo Films to invest Rs 300 crore in new specialty polyester films line

Cosmo Films has announced its plans to re-commence the installation of a Specialty Polyester Films line (Biaxially-Oriented Polyethylene Terephthalate) by the second quarter of 2022-23 with an estimated project cost of Rs 300 crore (approximately US $ 40 million).According to the company, the new line will be commissioned at the Waluj plant site in Aurangabad, Maharashtra, India, with a capacity of 30,000 metric tons per annum. This plant already houses BOPP lines, extrusion coating lines, chemical coating lines, metallizers, and a CPP line. The new production line will complement the existing BOPP capacity of 200,000 metric tons per annum and allow Cosmo Films to offer a more comprehensive specialty product basket for flexible packaging, labeling, lamination, and industrial applications.Pankaj Poddar, chief executive officer, Cosmo Films, said, “Speciality BOPET is a niche segment which caters to multiple application segments, with high margins and opportunities for import substitution as well as worldwide exports. The new specialty BOPET line shall be unique and a majority of the products made on the line would focus on sustainability and creation…

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