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Cosmo Films announces BOPP expansion

Friday, 17 Sep 2021
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Cosmo Films, a manufacturer of films for packaging, labelling, lamination and synthetic paper and an emerging player in specialty chemicals, polymers and pet care, announced expansion by setting up the world’s largest BOPP film production line at Aurangabad, Maharashtra, with annual rated capacity of 67,000 tonne.
 
The BOPP line will require investment of around Rs 350 crore to be funded through internal accruals and debts and is expected to be commencing commercial production within FY25.
 
The company has also declared first interim dividend of Rs 25 per share for FY22. 
 
With current capacity expected to produce primarily specialty films over 80 percent in next two years and projected BOPP film demand growth in India, the company has planned capacity expansion which will be the world’s largest production line with the lowest cost of production.
 
The company has also recently launched ZIGLY – India’s first tech-enabled integrated petcare platform – through the launch of its website and the opening of its flagship experience centre in New Delhi. 
 
Other growth plans i.e. specialised BOPET line, focused towards growing specialty sales, expanding into Cosmo Specialty Chemicals are progressing well in line with the plan.
 
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