Cosmo First adds $46.56 mn BOPP film line in Aurangabad
Cosmo First has commissioned a new BOPP film line at its Aurangabad plant with a Capex of ₹400+ crore (~$46.56 million), adding 81,200 MT capacity and raising total BOPP output by ~40 per cent to 2,77,000 MT. The line uses advanced tech and supports expansion in speciality films, with several new products planned. It's also cost-efficient and eligible for state incentives.
Speciality sales at Cosmo First have been growing at a CAGR of 10% for the last 6 years. The new BOPP Line will support Cosmo in further expanding its product portfolio across speciality films and packaging. The Company plans to further strengthen its speciality films product portfolio with several new products in the pipeline, expected to be launched in the upcoming quarters.
Speaking on the development Mr Pankaj Poddar, Group CEO, Cosmo First, said, 'We expect the line to get filled fast due to current favourable gap in demand and supply in the domestic industry. Further, the new BOPP film line shall be eligible for state govt incentives beside being the most cost-efficient line in India. The Company's focus will be on taking full leverage of the new investments including BOPP line and grow specialty film sales.' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (HU)
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