 "Cosmo Films to invest Rs 250-cr to set up speciality polyester films plant")
Cosmo Films Limited, a manufacturer of multiple types of bi-axially oriented polypropylene (BOPP) and cast polypropylene (CPP) films, is planning to invest Rs 250 crores to install a new production line for speciality polyester (biaxially-oriented polyethylene terephthalate or BOPET) films by the third quarter of 2018-19.
The new line, to be commissioned at the Waluj plant site in Aurangabad (Maharashtra), will have a capacity of 36,000 metric tonne per annum (MTPA). This plant already houses BOPP lines, extrusion coating lines, chemical coating lines, metallisers 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, labelling, lamination and industrial applications.
“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,” said Pankaj Poddar, CEO, Cosmo Films Ltd.
Biaxially-oriented polyethylene terephthalate (BOPET) films offer high tensile strength, chemical and dimensional stability, transparency, reflectivity, gas and aroma barrier properties and electrical insulation.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%