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JPFL Films to invest Rs 7 billion for setting up of new film lines
Industry News- May 13,25
The expansion comes with the YoY growth of around 43 per cent in net revenue from operations in 9 months’ period FY 24-25 and to maintain its market leadership despite business headwinds.
New Delhi
JPFL Films Pvt Ltd, a subsidiary of flexible packaging giant Jindal Poly Films Ltd (JPFL), will invest more than Rs 7 billion for capacity expansion with new BOPP, PET and CPP lines in Nashik (Maharashtra). The new lines are expected to be commissioned in next 2-3 years’ time.
This capacity expansion is in addition to its ongoing new BOPP Line (Line 9) which was announced in the month of August, 2024 and is part of the company’s strategic play in the flexible packaging segment and in line with the company’s aim to increase market share amidst challenging demand-supply imbalances leading to ongoing pricing pressures in the sector. The expansion comes with the YoY growth of around 43 per cent in net revenue from operations in 9 months’ period FY 24-25 and to maintain its market leadership despite business headwinds. Flexible packaging, or packaging in general, is regarded as one of the most lucrative industries due to its wide applicability in the food and beverage, personal care, and pharmaceutical industries.
These new lines will be the most advanced in the market, boasting superior width and output capabilities, along with exceptional reliability, equipment quality, and process efficiency.
The commissioning of these new lines will further strengthen company’s growth story. It highlights the JPFL Films’ dedication to technological advancement, quality enhancement and customer satisfaction. As the flexible packaging market continues to evolve, the JPFL Films is better equipped than ever to meet the challenges and opportunities that lie ahead, reinforcing its status as an industry pioneer and reliable partner for businesses worldwide.
Sharing his views on the strategic expansion, Vinod Kumar Gupta, Chief Executive Officer, JPFL Films, said, “With this expansion, we are enhancing our ability to meet and exceed customer expectations with a diverse range of high-performance films with focus of majority of the products made on the line towards sustainability and creation of a greener future. Moreover, this move aligns perfectly with our goals of improving operational efficiency and sets us up well to leverage business upturns as we continue to maintain market leadership. This will further strengthen our capacity to serve our customers with enhanced confidence and commitment.”
JPFL Films
flexible packaging
Jindal Poly Films
BOPP line
PET line
CPP line
packaging
Vinod Kumar Gupta
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