MOSCOW (MRC) -- Cosmo Films Limited has announced plans to install a new production line at Waluj for Speciality Polyester (Biaxially-Oriented Polyethylene Terephthalate) films by Q3 of 2018-19, as per Business Standard.
The new unit is expected to be ready by the third quarter of 2018-19.
The new line will be commissioned at Waluj plant site in Aurangabad, Maharashtra with a capacity of 36,000 mtpa. The project for the new line will entail an investment 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 BOPP capacity of 200,000 mtpa and allow Cosmo Films to offer a more comprehensive speciality product basket to flexible packaging, labeling, lamination and industrial applications.
Mr. Pankaj Poddar, CEO, Cosmo Films Ltd said, "Speciality BOPET is one of the fastest growing substrates and we anticipate a strong demand for these films. This will enable us to do import substitution as well as take global market share."
As MRC reported earlier, in March 2017, Cosmo Films commenced a new line of production of biaxially-oriented polypropylene (BOPP) films. The new line has a capacity of 60,000 tpa, which will enhance the company’s overall capacity by 4%. Cosmo Films’ overall BOPP manufacturing capacity will move up from the current 1.36 lakh tpa to 1.96 lakh tpa. The new line was of the highest capacity in the world at the time of commissioning and is the first 10.4 metre wide line in India.
Cosmo Films Limited Established in 1981, Cosmo Films Limited is one of the global leaders and manufacturers of BOPP Films. It is the largest exporters of BOPP films from India and largest manufacturer of thermal lamination films in the world. The films make their way into flexible packaging, labels and lamination industry.
MRC