Jindal Poly Films to boost export of BOPP films

08-Jun-05

Jindal Poly Films Limited, India's leading manufacturer of flexible packaging films such as BOPET films (polyester films), BOPP films (polypropylene films) and metalised films, has planned to enhance its presence in the international market by boosting export of BOPP films (polypropylene films) and polyester yarn in the next few years. Currently about 35% of the total revenue of Jindal comes from exports. Jindal Poly Films plans to raise its exports, particularly of value-added products to European and other markets. This flagship company of the Rs 1,500 crore B C Jindal Group, recorded a net sales of Rs 542 crore last fiscal, exporting 55% of its polyester yarn. Jindal also plans to expand its own capacity in Nasik, where it has planned to commence production of coated films from July. The company is also likely to export 20-30% of its total BOPP films production in the next two-three years. Thus the company is currently focusing on value-added products to boost exports. Jindal's second public issue to raise Rs 300 crore from the market to fund its expansion plans, is scheduled to open on June9 and close on June15.