Cosmo Films — expansion and first interim dividend

World’s largest BOPP film production line at Aurangabad

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Cosmo Films
Cosmo Films growth and expansion

Cosmo Films Limited, a Global Leader in Films for packaging, labeling, lamination, and synthetic paper and an emerging player in specialty chemicals, polymers & petcare, today announced expansion by setting up the world’s most extensive BOPP film production line at Aurangabad with an annual rated capacity of 67,000 MT. The BOPP line will require an investment of about Rs. 350 crores will be funded through internal accruals and debts and are expected to commence commercial production within FY 2024-25.

Cosmo Films Ltd. declare the first dividend

Backed by strong financial performance, the Company has also declared its first interim dividend of Rs 25 per share for FY 2021-22. 

Commenting on Company’s performance Mr Pankaj Poddar, chief executive officer, Cosmo Films Ltd., said, “With current capacity expected to produce primarily specialty films (80%+) in next two years and projected BOPP film demand growth in India, the Company planned capacity expansion which will be world’s largest production line with an annual rated capacity of 67,000 MT with the lowest cost of production”. 

 The Company has also recently launched ZIGLY – India’s first tech-enabled integrated pet-care platform – through the launch of its website www.Zigly.com and the opening of its flagship experience center in New Delhi. Other growth plans, i.e., Specialized BOPET line, focused on growing specialty sales, expanding into Cosmo Specialty Chemicals are progressing well in line with the plan.

Cosmo Films
Cosmo Films – Pankaj Poddar, CEO
photo credit: economictimes.indiatime.com

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.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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