Cosmo Films Limited to invest Rs 140cr in new CPP film production line
Cosmo Films Limited plans to expand its capacity by adding a cast polypropylene (CPP) film production line at Aurangabad with an investment of around INR 140 crores.
The specialty films manufacturer said that the CPP film production line will have an annual rated capacity of 25,000 MT.
Cosmo Films Limited is expected to begin commercial production at the new line in a couple of years.
The company will fund the expansion project via internal accruals and debts.
Pankaj Poddar — CEO of Cosmo Films Limited said: “Worldwide significant focus is being given on recyclability & sustainability of packing films. Monolayer structure of CPP and BOPP is most preferred structure to address sustainability requirements.
“With current CPP capacity running close to 100% utilization, the Company planned capacity expansion with the world’s largest width line and lowest cost of production. Other growth plans i.e. Specialized BOPET line, BOPP line, focus towards growing specialty sales, expansion with Cosmo Specialty Chemicals and Zigly are progressing well in line with the plan.”
Founded in 1981, the New Delhi-based Cosmo Films Limited manufactures specialty films for packaging, lamination, labeling, and synthetic paper.