Cosmo Films — expansion and first interim dividend

Cosmo Films growth and expansion

Cosmo Films Limited, a Global Leader in Films for packaging, labeling, lamination, and synthetic paper and an emerging player in specialty chemicals, polymers & petcare, today announced expansion past setting up the globe's most extensive BOPP pic production line at Aurangabad with an almanac rated capacity of 67,000 MT. The BOPP line will crave an investment of virtually Rs. 350 crores will be funded through internal accruals and debts and are expected to commence commercial production within FY 2024-25.

Cosmo Films Ltd. declare the start dividend

Backed by strong financial performance, the Visitor has also declaredits start interim dividend of Rs 25 per share for FY 2021-22.

Commenting on Company's functioning Mr Pankaj Poddar , main executive officer , Cosmo Films Ltd., said , "With current chapters expected to produce primarily specialty films (eighty%+) in next ii years and projected BOPP film demand growth in India, the Visitor planned capacity expansion which will be world's largest production line with an annual rated capacity of 67,000 MT with the lowest toll of production".

The Company has too recently launched ZIGLY – India's first tech-enabled integrated pet-care platform – through the launch of its website www.Zigly.com and the opening of its flagship experience center in New Delhi. Other growth plans, i.eastward., Specialized BOPET line, focused on growing specialty sales, expanding into Cosmo Specialty Chemicals are progressing well in line with the plan.

Cosmo Films – Pankaj Poddar, CEO
photo credit: economictimes.indiatime.com

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Source: https://packagingsouthasia.com/type-of-article/industry-news/cosmo-films-3/

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