JPFL Films expands flexible packaging production in India

JPFL Films, a subsidiary of flexible packaging giant Jindal Poly Films, has confirmed 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’ time, will see a capex commitment of above INR 700 Crore (approximately 82m USD). 

The new BOPP line to have a capacity of up to 42,000 tons per annum (Line 10), new PET line to have a capacity of up to 55,000 tons per annum (Line I) and the new CPP line to have a capacity of up to 18,000 tons per annum (Line 3). 

This capacity expansion is in addition to its ongoing new BOPP Line (Line 9) which was 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 amidst challenging demand-supply imbalances leading to ongoing pricing pressures in the sector. The expansion comes with the YoY growth of around 43 percent in net revenue from operations in 9 months’ period 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, according to the company. 

Vinod Kumar Gupta, chief executive officer, JPFL Films, said: ‘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.’