JPFL Films to invest in a new BOPP line

JPFL Films, a subsidiary of flexible packaging manufacturer Jindal Poly Films, has reported a capacity expansion with a new BOPP line in Nashik, Maharashtra, India. The new line, expected to be commissioned in H2 FY 25-26 will see a capex commitment of 250 cr INR (29.7m USD). 

The capacity expansion is part of the company’s strategic play in the BOPP segment and is 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 company reported. The expansion comes in the backdrop of top-line growth accompanied by a 142 percent rise in EBITDA in Quarter 1 of FY 25. 

The new line can produce high-OD rolls up to 1,700mm, optimizing efficiency for downstream processes such as metallizing. 

Vinod Kumar Gupta, chief executive officer, JPFL Films, said: ‘Building on the momentum of our strong Q1 performance, this investment is a strategic step to further strengthen our market position and drive sustainable growth. The packaging industry is fundamentally a cyclical business, and the industry is witnessing a market correction at this point of time. Going forward the new BOPP line positions us to deliver exceptional value to our customers. With this expansion, we are enhancing our ability to meet and exceed customer expectations with a diverse range of high-performance films. 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.’