Cosmo Films to set up new Production Line for speciality polyester films

11-Apr-17

Cosmo Films Limited has announced plans to install a new production line at Waluj for Speciality Polyester (Biaxially-Oriented Polyethylene Terephthalate) films by Q3 of 2018-19, as per Business Standard. The new plant expected to be ready in the H2-2019 will have production capacity of 750,000 tons.
The new line will be commissioned at Waluj plant site in Aurangabad with a capacity of 36,000 mtpa. The project for the new line will entail an investment of Rs. 250 crores 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 200,000 mtpa and allow Cosmo Films to offer a more comprehensive speciality product basket to flexible packaging, labeling, lamination and industrial applications.

Mr. Pankaj Poddar, CEO, Cosmo Films Ltd 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."