Cosmo Films, a manufacturer of bi-axially oriented polypropylene (BOPP) films has announced the start of its tenth 10.4m BOPP line in Gujarat. With the installation of this new line, the company will increase its annual capacity by 40%, taking it to 1.96 lakh MT. The company’s current annual capacity stands at 1.36 lakh MT.
Pankaj Poddar, CEO, Cosmo Films, said, “I am happy that the line was installed ahead of its schedule and well within the projected capex of Rs 200 crore. The high-speed line, equipped with automated changeovers and automatic consumption of waste, will not only lead to an increase in power savings but also help the company with its overall operational efficiencies. The new line is expected to contribute to substantial growth in sales and profit in the financial year 2017-2018.”
The new line, whose announcement was made in October 2015, has been commissioned ahead of its schedule and has been installed at the company’s existing facility at Karjan near Vadodara, which already houses BOPP lines, extrusion coating, chemical coating lines and a metaliser.
“The commissioned line is the most advanced line available in the market today in terms of its width and output and is the first 10.4m line to be installed in the country. The line is equipped to deliver both superior quality products with minimised scratches, oil or additive spots, high surface energy as well as consistent quality due to automatic changeovers. The line is also capable of producing films as thick as 80 microns to cater to segments like textiles which require thicker films,” said Poddar.
The line output would cater to both domestic and export markets. The new line is part of a series of expansions which have been announced in the last one year by the company for both its India operations and its subsidiaries in the US and Korea.