Cosmo Films will re-commence the installation of a speciality polyester films line (BOPET) by the second quarter of 2022-23. The new line will be commissioned at the Waluj plant site in Aurangabad, Maharashtra, India with a capacity of 30,000 MT per annum. This plant already houses BOPP lines, extrusion coating lines, chemical coating lines, metallizers and a CPP line. The new production line will complement the existing BOPP capacity of 200,000 MT per annum and allow Cosmo Films to offer a more comprehensive speciality product basket for flexible packaging, labeling, lamination and industrial applications. The project cost is estimated to be 300 crore INR (41 million USD), which will be financed through a mix of internal accruals and loans.
The American Forest & Paper Association (AF&PA) has released its April 2022 Packaging Papers & Specialty Packaging Monthly report. According to the report, total packaging papers & specialty packaging shipments in April decreased two percent compared to April 2021. They were up one percent when compared to the same four months of 2021.
The operating rate in April 2022 was 94.0 percent, up 1.4 points from April 2021 and up 1.3 points year-to-date.
Mill inventories at the end of April decreased 6,000 short tons from the previous month, and were down 8,000 short tons compared to April 2021.