Cosmo Films

Cosmo Films Ltd

Cosmo Films Ltd
Formation	1976|10|07
Founded at	Delhi, India.
Type	Limited company
Legal status	Cosmo Films Ltd. manufacture and sale of High Density Polythene/Poly Propelene, Woven Sacks From both virgin and waste polythene/poly propelene/low density polythene, both plain and laminated manufactured by Circular looms/textile looms or any other mode. The company's products cover various industry segments like packaging, lamination, labels, etc.
Headquarters	1008, DLF Tower-A,, Jasola District Centre,Delhi Postal Code: 110025
Key people	Chairperson|MD - Ashok Jaipuria
Website	http://www.cosmofilms.com

Cosmo Films Ltd was established in 1976^[1] to manufacture Bi-axially Oriented Polypropylene Films (BOPP) for the first time in India. Having Revenue 222.111 ( USD in Millions ).^[1] Market Cap have 2006.2158432 ( Rs. in Millions ). The company with manufacturing set up in India, Korea, Japan and US has customer base spread across 80 countries.

The company is listed on the Bombay Stock Exchange (BSE) & National Stock Exchange (NSE), India.

History

Cosmo Films Ltd (CFL), the first ISO 9002^[2] certified BOPP manufacturing company operates two plants at Chikalthana and Waluj, both in Aurangabad district of Maharashtra with a combined production capacity of 23100 MTPA of BOPP and Synthetic paper. The company has taken up another expansion project of 10000 MTPA at existing location at Waluj. CFT start exporting its products from 1994.

The company is continuously scaling up its capacity in line with the demand and it has set up a second plant(with an installed capacity of 2,000-tpa ) for manufacture of BOPP film at the Waluj Industrial Area in the Aurangabad district. Later the combined installed capacity was increased to 10800 mtpa through an expansion plan. In 1996-97, CFL has undertaken an debottlenecking programme (revamping of Line III) thus increasing the installed capacity to 13200 MTPA. And again in 1997-98 the installed capacity was increased to 14,100 MT.

The company is in the process of acquiring land at Nashik, Maharashtra for setting up a new unit with an installed capacity of 17000 MTPA of BOPP film. The company has plans to manufacture electrical-grade BOPP film in collaboration with General Electric, US. The company has won the Best BOPP Exporter Award from PLEXCONCIL for the year 1998-99.^[3]

The company acquired 76.51% stake in Gujarat Propack (GPP) at a price of Rs 29.25 per share. The deal translates into an Enterprise Valuation of around Rs 87 crore. In line with the take over Cosmo Films^[4] shall make an open offer to acquire a further 20% shareholding from public at the acquisition price of Rs 29.25 per share.

GPP was established in 1986 and is the second largest player in the Indian BOPP films industry with over 27% market share. GPP has total of three manufacturing lines and two plants located at Baroda with a capacity of 13,000 MTPA.

During the year 2002, Gujarat Propack Ltd merged with the company in the ratio of 2:1 equity shares held.^[5] T The company had issued Bonus Shares in the ratio of 1:1 to its shareholders and the allotment was completed on 28.03.2003. The company has increased BOPP's installed capacity by 25500 MT and consequently the total capacity has now stood at 48600 MT.

Awards

• 2008, Cosmo Films was awarded ‘Top exporter award’ by Dun under the large Indian exporters' category.^[6][7]
• The company was honoured with PFFCASTAR 2008 award as recognition of Excellence for Print Receptive Coated Clear and White Opaque Label films in the Category of Product Development (Basic Substrate)^[6][7]

References