NEW DELHI — New Delhi-headquartered Cosmo Films Ltd. is setting up a $45 million plant in western India that will be fully dedicated to exports.
The new plant, in India's Shendra industrial zone, will have a 8.7 meter biaxially oriented polypropylene film line, four extrusion coating lines and one off-line lacquer line. The plant is the company's fourth, with the others in Aurangabad and Karjan, India, and in Addison, Ill., and Asan, South Korea.
"Our third plant [in India] would start functioning by the end of June or early July," said President Pankaj Poddar, in an interview with Plastics News in New Delhi.
The plant will have capacity to produce 40,000 metric tons of BOPP annually, which will be exported to Europe, the Americas and the Middle East.
Meanwhile, the company continues to look for a site for a manufacturing plant in Africa.
"Currently, we are studying parts of north and east Africa and [the] Middle East for the third overseas venture," Poddar said. "We would like to have a plant in any of the mentioned markets by 2015."
The company's U.S. plant makes thermal lamination films, and has started marketing packaging and coated films for label and food industry.
The company has launched several new products recently, including top-coated metallized films for self-adhesive labels, high-barrier metallized films, and films for storing frozen foods.