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Cosmo First Limited — Capital/Financing Update 2022
Mar 30, 2022
62162_rns_2022-03-30_dae21b0b-36d1-4d52-86ec-3897ea9a0595.pdf
Capital/Financing Update
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CFL/SE/2021-22/MAR/03
March 30, 2022
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| The Manager (Listing) Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001 Scrip Code: 508814 |
The Manager (Listing) National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra – Kurla Complex Mumbai-400 051 Security ID: “COSMOFILMS” |
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Sub: Media Release
Dear Sir,
Please find enclosed herewith media release issued by the Company with regard to CPP Film Expansion.
You are requested to take the same on your records
Thanking You
Yours faithfully
For Cosmo Films Limited
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Jyoti Dixit Company Secretary & Compliance Officer
Encl: Media Release
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CIN: L92114DL1976PLC008355 Cosmo Films Limited 1008, DLF Tower-A, Jasola District Centre, New Delhi-110025 T: +91 11 49494949 F: +91 11 49494950 www.cosmofilms.com
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For Immediate Release
Cosmo Films Limited
Cosmo Films announces CPP film expansion
New Delhi, March 30th, 2022 : Cosmo Films Limited, a Global Leader in Films for Packaging, Labelling, Lamination and Synthetic Paper and an emerging player in Specialty Chemicals, Polymers & Pet care today announced expansion by setting up CPP film production line at Aurangabad with annual rated capacity of 25,000 MT. The CPP line will require investment of about Rs. 140 crores to be funded through internal accruals and debts and is expected to commence commercial production in 2 years.
Commenting on CPP line project Mr. Pankaj Poddar, CEO, Cosmo Films Ltd said, “Worldwide significant focus is being given on recyclability & sustainability of packing films. Monolayer structure of CPP and BOPP is most preferred structure to address sustainability requirements. With current CPP capacity running close to 100% utilization, the Company planned capacity expansion with the world’s largest width line and lowest cost of production. Other growth plans i.e. Specialized BOPET line, BOPP line, focus towards growing specialty sales, expansion with Cosmo Specialty Chemicals and Zigly are progressing well in line with the plan."
About Cosmo Films Limited
Established in 1981 and founded by Mr. Ashok Jaipuria, Cosmo Films today is a global leader in specialty films for packaging, lamination, labeling and synthetic paper. With engineering of innovative products and sustainability solutions, Cosmo Films over the years has been partnering with worlds’ leading F&B and personal care brands and packaging & printing converters to enhance the end consumer experience. Its customer base is spread in more than 100 countries with sales & manufacturing units in India and Korea and additionally sales & distribution base in Japan, USA, Canada and Europe.
The Company is strategically expanding beyond Films into Specialty Chemicals & Polymers as well as Pet care business.
For more details, please contact–
Shagun Walia E: [email protected] M: 9665049007
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