Cosmo First Expands BOPP Capacity with New Manufacturing Line
Mumbai: Cosmo First, a global leader in films for packaging, lamination, labelling, and synthetic paper, has successfully commissioned a new BOPP (Biaxially Oriented PolyPropylene) film line at its existing manufacturing plant in Aurangabad, Maharashtra. The new line, which boasts the world’s most advanced technology, has an annual rated capacity of 81,200 MT and will increase the company’s total BOPP capacity by approximately 40% to 2,77,000 MT per annum.
The new BOPP line is one of the world’s highest capacity lines and will support Cosmo First in further expanding its product portfolio across speciality films and packaging. The company has been growing its speciality sales at a CAGR of 10% for the last 6 years and plans to further strengthen its speciality films product portfolio with several new products in the pipeline.
The new line was commissioned with a capital expenditure of Rs 400 crores+ and will be eligible for state government incentives. The company expects the line to get filled fast due to the current favourable gap in demand and supply in the domestic industry.
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.”
With the new BOPP line, Cosmo First is well-positioned to capitalize on the growing demand for speciality films and packaging. The company plans to launch several new products in the upcoming quarters and further strengthen its position in the market.
