Cosmo Films to expand BOPP-film capacity
New Delhi, India-based Cosmo Films Limited, a Global Leader in Films for Packaging, Labeling, Lamination, and Synthetic Paper and an emerging player in Specialty Chemicals, Polymers & Petcare, will expand by setting up reportedly the world’s largest BOPP-film production line at Aurangabad with an annual rated capacity of 67,000 MT. The BOPP line is expected to be begin commercial production within FY 2024-25.
Backed by strong financial performance, the company has also declared its Q1 dividend of Rs 25 per share for FY2021-22.
Commenting on company’s performance, Pankaj Poddar, CEO, Cosmo Films Ltd., says, “With current capacity expected to produce primarily speciality films (80%+) in the next two years and projected BOPP-film demand growth in India, the company's planned capacity expansion...with lowest cost of production."