By Nigel D'Souza | Mangalam Maloo Apr 18, 2019 12:17:36 PM IST (Updated)
Printing ink manufacturing company Uflex on Thursday said the H1 (first-half) of the financial year is always better for the BoPET (biaxially oriented polyethylene terephthalate) industry due to increase in demand during the summer season.
"Q4 margins of BOPP (biaxially oriented polypropylene ) and BoPET have improved. The first half based on the current trend in the pricing should be positive and H1 is always better for the industry," said Rajesh Bhatia, global CFO, Uflex.
"We are looking at spreads of Rs 50 per kg for BoPET and Rs 45 per kg for BOPP," he said.
BopET is a polyester film made from stretched polyethylene terephthalate (PET) and is used for its high tensile strength, chemical and dimensional stability, transparency, reflectivity, gas and aroma barrier properties, and electrical insulation. BOPP is used for packaging, labeling and graphic applications.
“We are positive that the next six months look healthy for the industry and being a leading player in the industry we will also improve upon our margins,” Bhatia said.
“Q3 is normally a subdued season for the industry depending on the festive season and vendor discrepancies,” he added.