Jindal Poly Films plans Rs 1000 cr investment to raise BOPP capacity

Jindal Poly Films Ltd, one of the leading manufacturers of polyester (PET) and polypropylene films, is planning to invest about Rs 1000 crore over the next two years to increase its biaxially oriented polypropylene (BOPP) capacity by 161,000 tonne per annum (TPA). The company is also planning to increase its metalising and coating capacities.
 
Jindal Poly Films will set up three additional BOPP lines - one each in Nashik (Maharashtra), US and Europe - to raise the capacity from the current 425,000 TPA to 586,000 TPA by 2018. While new BOPP line in Nashik is scheduled for commissioning in H1 FY2017, the European and US lines are expected to go on stream by H1 FY2018.
   
BOPP films, which have higher moisture retention properties and are easy to recycle, are used in applications such as textile, tape, FMCG packaging, and other plastic films.