Cosmo First commissions new BOPP line

Cosmo First has commissioned a new BOPP (Biaxially Oriented PolyPropylene) film line with capex of more than INR 400 crores (around 46m USD) at the company's existing manufacturing plant located at Aurangabad, Maharashtra, India. 

The new line boasts an annual rated capacity of 81,200 MT with advanced technology. With the commissioning of the new line, the company’s annual BOPP capacity will increase by approx. 40 percent to 2,77,000 MT.  

Speciality sales at Cosmo First have been growing at a CAGR of 10 percent for the last 6 years. The new BOPP Line will support Cosmo in further expanding its product portfolio across specialty films and packaging. The company plans to further strengthen its specialty films product portfolio with several new products in the pipeline, expected to be launched in the upcoming quarters. 

Speaking on the development Pankaj Poddar, group CEO, Cosmo First, said: ‘We expect the line to get filled fast due to current favorable gap in demand and supply in the domestic industry. Further, the new BOPP film line shall be eligible for state govt incentives beside being the most cost-efficient line in India. The Company’s focus will be on taking full leverage of the new investments including BOPP line and grow specialty film sales.’