Max specialty packaging films to invest up to ₹500 Mn in new CPP line
By OEM Update Editorial May 26, 2021 7:13 pm IST
Work on this new line will commence in Q2FY22 and expected to be commercialised in Q2FY23.
Max Ventures & Industries Limited’s (MaxVIL) subsidiary Max Speciality Films Limited (MSFL), which manufactures specialty packaging films will be investing up to ₹500 Mn in a new CPP Line which will have a capacity of 7.2 KTPA (Kilo Tonnes Per Annum).
The new CPP Line expansion will be funded entirely through internal accruals. Work on the capex will commence in Q2FY22 and is expected to be commercialised in Q2FY23. Demand for the CPP Films has been robust and expanding the capacity will enable MSFL to cater to the growing market for such films. Apart from robust demand these films enjoy, they will also further enhance the sustainability factor of MSFL as these films are easier to recycle.
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