The Delhi-based manufacturer of speciality films (packaging, label, print lamination, and industrial) has been upping the ante in recent times. This can be seen by its 250% rally in FY16. It is now looking to increase its focus on the specialty business.
Pankaj Poddar, the chief executive officer of the company said the cost-cutting measures that were implemented last year will reap benefits in the near-term, adding that the aim is to improve volumes.
It is in this sense Drupa 2016 is an important event for Cosmo, being “a formidable player in the post-press industry”. A company press note said, “This year, we are excited to launch the Luxotique range of premium lamination films at the exhibition.” This includes “touch and feel branding” at Drupa stall, plus presence at other vendors' stands.
The range has been designed keeping the needs of luxury packaging and high-end graphic laminators in mind. It also allows convertors in the luxury segment to recreate printed boxes and cartons surfaces in rich velvet or matte feel.
Poddar said, “To bring imagination to life, application mock ups of various shapes and sizes created with these lamination films would be on display. This includes perfume boxes, liquor cartons, watch boxes, jewellery boxes, coffee table books to name a few. One would see luxotique touch integrated into visitor hospitality touch points as well.”
Cosmo Films expects to continue with its performance rate in the coming quarters. New capacities will come on board from January 2017, Poddar added. The company, which is involved in making polypropylene and thermal films, will also be concentrating on its R&D. The company spends 0.5% of its sales on R&D. The company has a debt of Rs 400 crore, which is expected to rise slightly to levels of Rs 500 crore on back of capital expenditure plans, Poddar said.
By early 2017, the company's BOPP production capacity will increase by 42%, from 140,000 to 200,000 tpa.