JPFL Films Private Limited, Material Subsidiary, to Invest Above INR 700 Crore for Setting up of New Film lines
A subsidiary of the massive flexible packaging company Jindal Poly Films Limited, JPFL Films Private Limited (‘JPFL Films’) has announced an expansion of its capacity in Nashik, Maharashtra, by adding new BOPP, PET, and CPP lines. The new lines will require a capital expenditure of more than INR 700 crore and are anticipated to be put into service during the next two to three years.
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% 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, Mr. Vinod Kumar Gupta, Chief Executive Officer, JPFL Films put it in perspective, “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.”
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