JPFL Films, a subsidiary of flexible packaging giant Jindal Poly Films Limited, has announced a capacity expansion with new BOPP, PET and CPP lines in Nashik, Maharashtra. The new lines, expected to be commissioned in the next 2-3 years, will see a capex commitment of above Rs 700 crore (approximately US$ 82 million).
The new BOPP line (10) will have a capacity of up to 42,000 tons per annum while the new PET line will have a capacity of up to 55,000 tons per annum (line 1). The new CPP line will have a capacity of up to 18,000 tons per annum (Line 3), the company said.
This capacity expansion over the next three years, is in addition to its ongoing establishment of a new BOPP line (line 9) announced in the month of August 2024, and is part of the company’s strategic play in the flexible packaging segment. The company’s aim is to increase market share amid challenging demand-supply imbalances which its says are leading to ongoing pricing pressures in the sector.
The expansion comes with the Y-o-Y growth of around 43% in net revenue from operations in the nine-month period of FY 24-25 in what the company says is to maintain its market leadership despite business headwinds. According to JPFL Flexible, packaging in general, and flexible packaging in particular, is regarded as one of the most lucrative industries due to its wide applicability in the food and beverage, personal care, and pharmaceutical industries.
The new lines on order are claimed to be the among most advanced in the market, with higher width and output capabilities, along with improved reliability, equipment quality, and process efficiency. The commissioning of these new lines is expected to strengthen the company’s growth in volumes.
Sharing his views on the strategic expansion, Vinod Kumar Gupta, chief executive officer, JPFL Films said, “With this expansion, we are enhancing our ability to meet and exceed customer expectations with a diverse range of high-performance films with focus of majority of the products made on the line towards sustainability and creation of a greener future. Moreover, this move aligns perfectly with our goals of improving operational efficiency and sets us up well to leverage business upturns as we continue to maintain market leadership. This will further strengthen our capacity to serve our customers with enhanced confidence and commitment.”
Slightly edited on 20 May 2025 – editor
