Cosmo Films, a global leader in speciality films for packaging, lamination and labeling applications, has announced its plans to expand capacity by adding a Cast Polypropylene (CPP) film production line at Aurangabad with an investment of around INR 140 crores.
According to the reports – the company would be setting up CPP film production line with an annual rated capacity of 25,000 MT at Aurangabad. The capital would be funded through internal accruals and debts and Cosmo Films is expected to begin commercial production at the new line in a couple of years.
Commenting on the new 25000 MT CPP line project, Pankaj Poddar, Group CEO, Cosmo Films Limited, said, “Worldwide significant focus is being given on recyclability & sustainability of packaging films. Monolayer structure of CPP and BOPP is most preferred structure to address sustainability requirements. With current CPP capacity running close to 100 percent 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.”
Established in 1981 and founded by Ashok Jaipuria, Cosmo Films today 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 and personal care brands and packaging & printing converters to enhance the end consumer experience. Its customer base is spread in more than 100 countries with sales & manufacturing units in India and Korea and additionally sales & distribution base in Japan, USA, Canada and Europe.
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Established in 1981, Cosmo Films Limited is a global leader in speciality films for packaging, labelling, lamination and synthetic paper and an emerging player in specialty chemicals, polymers & pet care.