Cosmo First, a global leader in films for packaging, lamination, labelling, and synthetic paper, has commissioned a BOPP (Biaxially Oriented PolyPropylene) film line with a capital expenditure exceeding INR 400 crores at the company’s existing manufacturing plant in Aurangabad, Maharashtra. The new line has an annual rated capacity of 81,200 MT with the world’s most advanced technology. With the commissioning of the new line, the company’s annual BOPP capacity is expected to rise by approximately 40%, reaching 2,77,000 metric tonnes.
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 specialty films and packaging. The company plans to further strengthen its specialty films product portfolio with several new products in the pipeline, expected to be launched in the upcoming quarters.
Pankaj Poddar, group CEO, Cosmo First, said, “We expect the line to get filled fast due to the current favourable gap in demand and supply in the domestic industry. Further, the new BOPP film line shall be eligible for state government incentives, besides being the most cost-efficient line in India. The company’s focus will be on taking full leverage of the new investments, including the BOPP line, and grow specialty film sales.”
