Latest news with #BOPP
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Business Standard
25-07-2025
- Business
- Business Standard
SRF to invest nearly ₹750 cr to set up agro-chemical, BOPP film plants
Chemical firm SRF Ltd will invest nearly ₹750 crore to set up an agro-chemical plant in Gujarat and a BOPP film manufacturing facility in Indore as part of its expansion plan. Gurugram-based SRF Ltd has a diversified business comprising fluorochemicals, specialty chemicals, performance films & foil, technical textiles, and coated and laminated fabrics. The company's board on July 23 approved the setting up of a facility to produce agrochemicals at Dahej, Gujarat, at a cost of ₹250 crore. The facility at Dahej will produce 12,000 tonnes per annum of an agrochemical intermediate. This project will be completed in 18 months, according to the latest regulatory filing. The board also approved a ₹490 crore investment to set up a BOPP (Biaxially Oriented Polypropylen) film manufacturing facility in Indore, featuring a state-of-the-art 10.4m wide Bruckner film line and a metalliser. The project is expected to be completed in 24 months. SRF Ltd has posted a 71 per cent increase in its consolidated net profit to ₹432.32 crore during the April-June period of this fiscal from ₹252.22 crore in the year-ago period. The income from operations increased 10 per cent to ₹3,818.62 crore during the first quarter of this fiscal from ₹3,464.12 crore in the corresponding period of the preceding year. "In spite of a weak summer and prevailing global uncertainties, we have had a good start to the year. We remain cautiously optimistic for the rest of the year. Our capital expenditure plans continue to be robust," SRF Chairman and Managing Director, Ashish Bharat Ram, said. In the 2024-25 fiscal, SRF Ltd posted a consolidated net profit of ₹1,251 crore on a total income of ₹14,825.79 crore. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Yahoo
24-07-2025
- Business
- Yahoo
Türkiye moves to shield packaging sector with import tariffs
Türkiye's introduction of anti‑dumping duties on imported packaging film marks a significant shift in the packaging sector, aimed at protecting domestic manufacturers from unfair pricing. The measures apply to Biaxially Oriented Polypropylene (BOPP) and similar packaging films, widely used in food, consumer goods, and label production. Duties vary by origin and firm New tariffs range from 12.85% to 62.94% on packaging film imports from China and Egypt, depending on the company's pricing practices. Russian imports face a uniform 47.14% duty. These steps follow an investigation by Türkiye's Ministry of Trade, which found evidence of undervalued imports harming local producers. Understanding bopp packaging film BOPP film is a versatile, cost‑effective plastic used extensively in packaging due to its clarity, strength and printability. Applications include snack wrappers, adhesive tapes and decorative packaging. By wartime stretching of polypropylene in two directions, BOPP offers lightweight moisture resistance—key features for food safety and shelf appeal. Industry context and trade implication Türkiye's move mirrors broader trends in trade protection: governments imposing antidumping duties to support local production. According to international trade guides, these remedies are common in sectors like steel, textiles and packaging when foreign competitors undercut domestic prices. For downstream users—such as packagers of food, cosmetics and pharmaceuticals—heightened costs for imported packaging film may lead to seeking alternatives from Turkish suppliers or adjusting material use. Major global manufacturers may revise sourcing strategies in response to region‑specific duties and push for long‑term contracts to offset price volatility. Packaging market outlook Analysts expect Türkiye's anti‑dumping tariffs to reshuffle global packaging supply chains. Exporters from China, Egypt and Russia may now consider targeting alternative markets or renegotiating prices. Domestic Turkish producers stand to increase output, possibly investing in capacity expansion or downstream processing. Observers note the European Union and United States also maintain anti‑dumping regimes for similar film products—Turkey's latest action aligns with a global shift towards trade measures aimed at preserving national packaging industries. As interest in sustainable and high‑barrier packaging grows, the imposition of duties may drive innovation in domestic film production. Turkish companies could leverage enhanced margins to invest in biodegradable or recycled film technologies. Meanwhile, brands and converters will weigh cost increases against regulatory stability and supply security. The packaging sector will monitor follow‑up actions from Türkiye, including potential appeals to the World Trade Organization or adjustments in EU‑Turkey trade relations. With similar duties expiring on other products later this year, scrutiny will remain on Ankara's trade policy stance in the wider packaging materials market. "Türkiye moves to shield packaging sector with import tariffs" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
19-06-2025
- Business
- Time of India
Dhunseri to invest Rs 1k cr in Panagarh for 2 production lines
Kolkata: Dhunseri Group will invest Rs 1,000 crore in Panagarh, through Dhunseri Polyfilms. Group chairman CK Dhanuka said the company was planning to set up at least two more lines in Panagarh: its first BOPET (Biaxially Oriented Polyethylene Terephthalate) and a BOPP (Biaxially Oriented Polypropylene). The films produced by these lines are mainly used for food and non-food packaging. Dhunseri already has a BOPP production line in Panagarh. Both these lines are expected to be online by 2029, said Dhanuka. The expansion will be put up in the next board meeting for approval by Aug. The capital expenditure on these two lines is expected to be financed with a debt-to-equity ratio of 70:30. "The lines are expected to be commissioned by March 2027. With the fresh expansion plan, DPFPL's installed capacity by the end of 2029 will be about 120,000 tonne for BOPET films and 210,000 tonne for BOPP films," added Dhanuka. Dhunseri has its Panagarh plant at WBIDC industrial park. It also conducted a stone-laying ceremony for two BOPP plants in Jammu's Kathua earlier this month. The company also has a PET resin plant in Haldia through a joint venture with the Indo Rama Group. The JV also has plants in Egypt and Panipat.
Time of India
19-06-2025
- Business
- Time of India
Dhunseri group to build two more poly film units in West Bengal with Rs 1000 crore
Kolkata: Dhunseri Poly Films , a wholly-owned subsidiary of Dhunseri Ventures , plans to set up two polyester films units in West Bengal with a projected investment of Rs 1000 crore, Dhunseri group chairman Chandra Kumar Dhanuka said. The company has one existing poly film making unit in Panagarh Industrial Park in Bardhaman district, 150 km from Kolkata. It became operational in 2024. The proposed units will be set up at the same industrial park. The fresh plan includes one greenfield unit to produce BoPET (biaxially oriented polyethylene terephthalate) -- a polyester film made from stretched polyethylene terephthalate and another unit to produce BOPP (bi-axially oriented polypropylene) which is used in the packaging industry. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kulkas yang belum Terjual dengan Harga Termurah (Lihat harga) Cari Sekarang Undo "Capex of these two lines are likely to be financed with a 70:30 debt equity ratio and be commissioned by FY29," Dhanuka said. The units in Jammu are expected to be commissioned by March 2027, he said. Live Events
Fibre2Fashion
29-04-2025
- Business
- Fibre2Fashion
PureCycle advances BOPP film trials with recycled resin in Germany
PureCycle Technologies, Inc. (NASDAQ:PCT), a U.S.-based company revolutionizing plastic recycling, today, announced progress on the use of PureFive resin in industrial biaxially oriented polypropylene (BOPP) film trials. The latest trials were conducted by Brückner Maschinenbau GmbH, the world's leading supplier of production lines for manufacturing a wide range of stretched films, based in Siegsdorf, Germany. PureCycle Technologies announced successful BOPP film trials using 15â€'50 per cent PureFive resin at Brí¼ckner's facility in Germany. The recycled resin performed comparably to virgin polypropylene, showing promise for flexible packaging. CEO Dustin Olson said the results support PureCycle's goal of offering a single-pellet, drop-in solution for sustainable BOPP film production. The positive Brückner trials were conducted with blends ranging from 15% to 50% PureFive resin from PureCycle's commercial facility in Ironton, Ohio. The film was successfully extruded at Brückner's German facility and performed similarly to virgin polypropylene (PP) on multiple tests. Initial stretch tests appear promising, with additional stretch testing scheduled for later this month. PureCycle CEO Dustin Olson said, "Flexible packaging is one of the largest segments for polypropylene, and there is not a traditionally recycled material that can consistently meet the high purity demands required to make film. The early results are encouraging from the trials with Brückner, and it gives me confidence we can meet the stringent processing requirements." Olson added, "Brückner is known as a trusted BOPP equipment manufacturer and resource for BOPP film producers, so it was critical for us to have these trials handled by their experts in Germany. We look forward to additional trials later this month." BOPP film has a wide range of end-use applications, including food packaging for snacks, candy and baked goods. It is also used for labeling and adhesive tape. BOPP film is popular in these applications due to its features of transparency and moisture/chemical resistance. Olson continued, "To help expand our portfolio of products, PureCycle is committed to providing a single-pellet solution for BOPP film that can serve as a drop-in replacement for existing virgin film production." 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)
