Cosmo Films to set up new production line for specialty polyester (BOPET) films
Cosmo Films Limited, a leading global specialty films company based in New Delhi, India, announced plans to install a new production line for specialty polyester (BOPET) films by the third quarter of 2018-19. The new line will be commissioned at the Waluj plant site in Aurangabad, Maharashtra, India with a capacity of 36 000MT per annum. The project for the new line will entail an investment of approx. €36.6M (INR 2.5bn) 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 000MT per annum and allow Cosmo Films to offer a more comprehensive speciality product basket to flexible packaging, labeling, lamination and industrial applications.
Pankaj Poddar, CEO of Cosmo Films, 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.”