Cosmo Films is planning to recommence installation of speciality polyester films line (Biaxially-Oriented Polyethylene Terephthalate) by Q2/FY23.
The new line will be commissioned at the Waluj plant site in Aurangabad, Maharashtra, with a capacity of 30,000 tpa. The plant already houses BOPP lines, extrusion coating lines, chemical coating lines, metallisers and a CPP line.
The new production line will complement the existing BOPP capacity of 2,00,000 tpa and allow Cosmo Films to offer a more comprehensive speciality product b packaging, labeling, lamination and industrial applications.
The project cost is estimated to be Rs 300 crore, which will be financed through a mix of internal accruals and loans.