Cosmo Films announces CPP film expansion
Cosmo Films has set up CPP film production line at Aurangabad with annual rated capacity of 25,000MT. The CPP line will require investment of about 140 crores INR (18.48 million USD) to be funded through internal accruals and debts and is expected to commence commercial production in two years.
Pankaj Poddar, group CEO, 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 percent utilization, the company planned capacity expansion with the world’s largest width line and lowest cost of production. Other growth plans that is 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.’
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