W&H's Filmex cast film line installed at the KPL plant
The public limited company SRF, a leading manufacturer of BOPET and BOPP films for the flexible packaging industry is entering the cast polypropylene (CPP) film business by acquiring the entire CPP plant and machinery from Kanpur Plastipacks (also a public limited company quoted on the National Stock Exchange) for Rupees 49.25 crore. According to SRF’s stock exchange filing on 11 March 2025, it has entered into a binding agreement to acquire and purchase Kanpur Plastipacks CPP division’s plant and machinery, along with spare parts related to CPP films, subject to closing conditions. Packaging industry insiders have been aware of this deal for the past couple of months.
Titan metallizer from Applied Materials at Kanpur Plastipack
About a year ago, in March–April 2024 Kanpur Plastipacks installed a W&H seven-layer Filmex II cast line with a Titan metallizer and slitter rewinder from Applied Materials. SRF plans to install the acquired CPP line and accessory equipment at its main plant in Indore.
SRF’s motivation for the CCP acquisition could be that large food and snack brand owners in India have been developing innovative laminates using cast polypropylene over the past year. With appropriate barrier properties these could lead to more sustainable structures. It is expected that the acquisition deal will be closed in the October 2025 timeframe.
Naresh Khanna is again a judge for The Sustainability Awards
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