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

New line to be commissioned at Aurangabad

Thermal lamination Films BOPP. Photo - Cosmo Films

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 of a greener future as the key theme. The debt or EBIDTA and other financial ratios expect to remain in a comfortable range even post the capex.”

BOPET films (Biaxially-Oriented Polyethylene Terephthalate films) offer high tensile strength, chemical, and dimensional stability, transparency, reflectivity, gas and aroma barrier properties, and electrical insulation.

Established in 1981, Cosmo Films is a global leader in specialty films for packaging, lamination, labeling and synthetic paper. With engineering of innovative products and sustainability solutions, Cosmo Films over the years has been partnering with worlds’ leading F&B, personal care & tobacco brands and packaging and printing converters to enhance their consumer experience.

Cosmo’s film offerings include BOPP and CPP films. Its customer base is spread in more than 100 countries with manufacturing units in India, Korea, and Japan.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

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