Cosmo Films expanding in Africa and India

By Satnam Singh
Correspondent

Published: February 7, 2012 6:00 am ET

Related to this story

Topics Packaging, Film & Sheet

NEW DELHI (Feb. 7, 2 p.m. ET) — Cosmo Films Ltd., India’s leading maker of biaxially oriented polypropylene and thermal lamination film, is scouting for a location for a plant in Africa.

“We are still exploring a location for the proposed plant. It would be either in the North or East Africa. We hope to take the final decision by the end of June,” said President Pankaj Poddar, in an interview at Plastindia in New Delhi.

The plant would likely to be operational by March 2014.

Poddar said the company will consider either a joint venture with a local partner or a wholly owned subsidiary.

In addition to India, Cosmo Films has production facilities in the United States, the Netherlands and South Korea. “All the overseas plants comprising single line for manufacturing thermal lamination film,” Poddar said.

“Africa is a price-sensitive market and we plan to manufacture BOPP films there as it is the suitable product for that market,” he said.

The company is on an expansion spree, setting up a new production facility in Shindra, India, and expanding an existing plant in Karjan, India.

“With the expansion at the Karjan plant and the new facility at Shindra, combined annual production would be raised to 170,000 metric tons annually,” Poddar said.

“We are investing about $6 million in the new plant and about $30 million in the expansion at Karjan plant,” he said.


Comments

Cosmo Films expanding in Africa and India

By Satnam Singh
Correspondent

Published: February 7, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

Bemis reports record quarterly profit

October 23, 2014 1:06 pm ET

Bemis Company Inc. saw record per-share earnings from continuing operations during the third quarter, but charges associated with the divestiture of...    More

Image

FTC warns bag makers to take care before making biodegradeability claims

October 23, 2014 12:30 pm ET

Makers of oxodegradable or oxo-biodegradable plastic bags should consider themselves on notice, according to the U.S. Federal Trade Commission.    More

Image

Packaging specialist Amcor hits sustainability goals ahead of schedule

October 23, 2014 11:15 am ET

Global packaging company Amcor Ltd. has achieved its waste reduction goals two years ahead of schedule, according to the company's new sustainability ...    More

Image

Simple lightweighting in packaging, caps not so simple anymore

October 22, 2014 4:16 pm ET

The days of finding simple ways to remove additional weight — and costs — from plastic bottles are over, according to one expert.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events