Cosmo Films Limited, a global specialty films companymanufacturing multiple types of Bi-axially Oriented Polypropylene (BOPP) and CastPolypropylene (CPP) films has announced plans to install a new production line for specialtyPolyester (Biaxially-Oriented Polyethylene Terephthalate) films by the third quarter of 2018-19.
The new line will be commissioned at the Waluj plant site in Aurangabad, Maharashtra, India, with a capacity of 36,000 MT per annum. The project for the new line will entail aninvestment of Rs. 250 crores and shall be funded through a mix of internal accruals and debt.
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 BOPPcapacity of 200,000 MT per annum and allow Cosmo Films to offer a more comprehensivespeciality product basket to flexible packaging, labeling, lamination and industrialapplications.
Pankaj Poddar, CEO, Cosmo Films Ltd said, “Specialty BOPET is one of the fastestgrowing substrates and we anticipate a strong demand for these films. This will enable us todo import substitution as well as take global market share.”
