Cosmo Films, in films for packaging, labelling, lamination and synthetic paper and an emerging player in specialty chemicals, polymers and pet care today announced expansion by setting up CPP film production line at Aurangabad with annual rated capacity of 25,000 MT. The CPP line will require an investment of about Rs. 140 crores to be funded through internal accruals and debts and is expected to commence commercial production in 2 years.
Commenting on CPP line project Pankaj Poddar, Group chief executive officer, Cosmo Films said, “Worldwide significant focus is being given on recyclability and sustainability of packaging films. Monolayer structure of CPP and BOPP is most preferred structure to address sustainability requirements. With current CPP capacity running close to 100% utilization, the Company planned capacity expansion with the world’s largest width line and lowest cost of production. Other growth plans i.e. specialized BOPET line, BOPP line, focus towards growing specialty sales, expansion with Cosmo Specialty Chemicals and Zigly are progressing well in line with the plan.”
