JPFL Films, a subsidiary of flexible packaging giant Jindal Poly Films Limited, has announced a capacity expansion with new BOPP, PET and CPP lines in Nashik, Maharashtra. The new lines, expected to be commissioned in the next 2-3 years, will see a capex commitment of above Rs 700 crore.
The new BOPP line (10) will have a capacity of up to 42,000 tons per annum while the new PET line will have a capacity of up to 55,000 tons per annum (line I). The New CPP line will have a capacity of up to 18,000 tons per annum (Line 3), the company said.
This capacity expansion is in addition to its ongoing new BOPP line (line 9) announced in the month of August 2024 and is part of the company’s strategic play in the flexible packaging segment and in line with the company’s aim to increase market share amid challenging demand-supply imbalances leading to ongoing pricing pressures in the sector.
The expansion comes with the Y-o-Y growth of around 43% in net revenue from operations in the nine-month period of FY 24-25 and to maintain its market leadership despite business headwinds. Flexible packaging, or packaging in general, is regarded as one of the most lucrative industries due to its wide applicability in the food and beverage, personal care, and pharmaceutical industries.
These new lines will be the most advanced in the market, boasting superior width and output capabilities, along with exceptional reliability, equipment quality, and process efficiency.
The commissioning of these new lines will further strengthen the company’s growth story. As the flexible packaging market continues to evolve, JPFL Films will be better equipped than ever to meet the challenges and opportunities that lie ahead, reinforcing its status as an industry pioneer and reliable partner for businesses worldwide.
Sharing his views on the strategic expansion, Vinod Kumar Gupta, chief executive officer, JPFL Films put it in perspective, “With this expansion, we are enhancing our ability to meet and exceed customer expectations with a diverse range of high-performance films with focus of majority of the products made on the line towards sustainability and creation of a greener future. Moreover, this move aligns perfectly with our goals of improving operational efficiency and sets us up well to leverage business upturns as we continue to maintain market leadership. This will further strengthen our capacity to serve our customers with enhanced confidence and commitment.”
