The new line boasts an annual rated capacity of 81,200 MT
Cosmo First, a provider of films for packaging, lamination, labeling and synthetic paper, has announced the successful commissioning of new BOPP (biaxially oriented polypropylene) film line with a capex of more than Rs 400 crore at the company’s existing manufacturing plant located in Aurangabad, Maharashtra.
The new line boasts an annual rated capacity of 81,200 MT with the world’s most advanced technology. With the commissioning of the new line, the company’s annual BOPP capacity will increase by approx. 40% to 2,77,000 MT.
Speciality sales at Cosmo First have been growing at a CAGR of 10% for the last six years. The new BOPP line will support Cosmo in further expanding its product portfolio across specialty films and packaging. The company plans to strengthen its speciality films product portfolio with several new products in the pipeline, expected to be launched in the upcoming quarters, it said in a release.
Speaking on the development, Pankaj Poddar, Group CEO, Cosmo First, said, “We expect the line to get filled fast due to the current favorable gap in demand and supply in the domestic industry. The new BOPP film line will be eligible for state government incentives besides being the most cost-efficient line in India. The company’s focus will be on taking full leverage of the new investments including BOPP line and growing specialty film sales.”
Cosmo Films provides specialty films for packaging, lamination, labeling and synthetic paper and partners with worlds’ leading F&B and personal care brands and packaging & printing converters.
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