Cosmo to expand biaxially oriented polypropylene film capacity in India

10:13 AM, 21st September 2021
Cosmo Films Ltd will set up the world's largest biaxially oriented polypropylene (BOPP) film production line at Aurangabad with an annual rated capacity of 67,000 MT. Shown here is the company's Shendra, Aurangabad, India facility. (Representative Image/File Photo)

NEW DELHI, INDIA: Cosmo Films Limited said it is expanding by setting up the world's largest biaxially oriented polypropylene (BOPP) film production line at Aurangabad with an annual rated capacity of 67,000 MT. The BOPP line will require an investment of about Rs. 350 crores to be funded through internal accruals and debts and is expected to be commencing commercial production within FY 2024-25.

Backed by strong financial performance, the company has also declared its first interim dividend of Rs 25 per share for FY2021-22.

"With current capacity expected to produce primarily speciality films (80 percent +) in next two years and projected BOPP film demand growth in India, the company planned capacity expansion which will be world's largest production line with annual rated capacity of 67,000 MT with lowest cost of production,” said Pankaj Poddar, CEO, Cosmo Films Ltd.

“The company also launched ZIGLY – India's first tech-enabled integrated pet-care platform and opened its flagship experience center in New Delhi, India. Other growth plans ie. specialized BOPET line, focused towards growing specialty sales, expanding into Cosmo Specialty Chemicals are progressing well in line with the plan,” Poddar added.

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