India's Cosmo Films Ltd. is spending $30.8 million (200 crore rupees) to expand a biaxially-oriented polypropylene film plant at its factory near Vadodara, India.
The New Delhi-based firm said the expansion, estimated to be completed in early 2017, is needed to cope with an Indian BOPP film market growing 15 percent a year, and is particularly needed for new orders in the consumer goods sector.
“Currently, our capacity is 140,000 tonnes (308.5 million pounds) annually and with the expansion, it would be hiked to 200,000 tonnes (440.8 million pounds) to meet the growing demand,” said CEO Pankaj Poddar.
Poddar said the addition of the 10.4 meter manufacturing line will make Cosmo the largest BOPP film manufacturer in India. He estimated the Indian market is about 1.1 billion pounds (500,000 metric tons) a year.
The Vadodara plant also houses extrusion coating lines and metallization equipment.
He said the line would be equipped to handle automated changeovers, allowing the company to save power and increase efficiency.