Cosmo Films Limited, a manufacturer of multiple types of bi-axially oriented polypropylene (BOPP) and cast polypropylene (CPP) films, is planning to invest Rs 250 crores to install a new production line for speciality polyester (biaxially-oriented polyethylene terephthalate or BOPET) films by the third quarter of 2018-19.
The new line, to be commissioned at the Waluj plant site in Aurangabad (Maharashtra), will have a capacity of 36,000 metric tonne per annum (MTPA). This plant already houses BOPP lines, extrusion coating lines, chemical coating lines, metallisers 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, labelling, lamination and industrial applications.
“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,” said Pankaj Poddar, CEO, Cosmo Films Ltd.
Biaxially-oriented polyethylene terephthalate (BOPET) films offer high tensile strength, chemical and dimensional stability, transparency, reflectivity, gas and aroma barrier properties and electrical insulation.
Source: Business-Standard 