Acquired by SRF
W&H's Filmex cast film line installed at the KPL plant

The public limited company SRF, a leading manufacturer of BOPET and BOPP films for the flexible packaging industry is entering the cast polypropylene (CPP) film business by acquiring the entire CPP plant and machinery from Kanpur Plastipacks (also a public limited company quoted on the National Stock Exchange) for Rupees 49.25 crore. According to SRF’s stock exchange filing on 11 March 2025, it has entered into a binding agreement to acquire and purchase Kanpur Plastipacks CPP division’s plant and machinery, along with spare parts related to CPP films, subject to closing conditions. Packaging industry insiders have been aware of this deal for the past couple of months.

Kanpur
Titan metallizer from Applied Materials at Kanpur Plastipack

About a year ago, in March–April 2024 Kanpur Plastipacks installed a W&H seven-layer Filmex II cast line with a Titan metallizer and slitter rewinder from Applied Materials. SRF plans to install the acquired CPP line and accessory equipment at its main plant in Indore.

SRF’s motivation for the CCP acquisition could be that large food and snack brand owners in India have been developing innovative laminates using cast polypropylene over the past year. With appropriate barrier properties these could lead to more sustainable structures. It is expected that the acquisition deal will be closed in the October 2025 timeframe.

Naresh Khanna is again a judge for The Sustainability Awards
Naresh Khanna is again a judge for The Sustainability Awards

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Naresh Khanna – 12 January 2026

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Naresh Khanna
Editor of Indian Printer and Publisher since 1979 and Packaging South Asia since 2007. Trained as an offset printer and IBM 360 computer programmer. Active in the movement to implement Indian scripts for computer-aided typesetting. Worked as a consultant and trainer to the Indian print and newspaper industry. Visiting faculty of IDC at IIT Powai in the 1990s. Also founder of IPP Services, Training and Research and has worked as its principal industry researcher since 1999. Author of book: Miracle of Indian Democracy. Elected vice-president of the International Packaging Press Organization in May 2023. One of the judges for Packaging Sustainability Awards for three consecutive years, 2024, 2025 and 2026.

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