The Cosmo Films stock has nearly doubled this year and now the company has developed a new transparent printable BOPP film called "Teplor" with higher heat resistance. Pankaj Poddar, CEO, Cosmo Films detailed the impact.
“Teplor - a heat resistant BOPP film from Cosmo Films - is a revolutionary product enabling mono-material structures which will help FMCG companies to make their packaging truly recyclable in an easy and cost-effective way,” he said in an interview with CNBC-TV18.
“The increase in raw material prices is pushing the BOPP film prices up. The other challenges are the logistic challenges globally because of the container availability but overall the margins are better,” he said.
On BOPP spreads and on margins, he said, “The spreads are fluctuating quite a bit. I would say that in general, they are at a good level. For the first 10-12 days, the margins were a little better but in general, the margins are stable, they are at a healthy level. So overall the H2 margins should be slightly better than H1 as of now.”
The company is coming out with multiple product categories. “The chemical plant is expected to start in early Q1 of next year, which should help us ramp up revenue. We are expecting a 10 percent jump in the revenue but more than that we expect that the margins should even have a healthier growth.”
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