Max Speciality Films to invest upto Rs 50 cr in new CPP line

New Delhi, May 16 (IANS): Max Ventures & Industries Ltd's (MaxVIL) subsidiary Max Speciality Films Ltd (MSFL), which manufactures specialty packaging films, will invest up to Rs 50 crore in a new CPP (Cast Polypropylene) line which will have a capacity of 7.2 KTPA (kilo tonnes per annum).

The new CPP Line expansion will be funded entirely through internal accruals, said a company statement. Work on the capex will commence in Q2FY22 and is expected to be commercialised in Q2FY23.

Demand for CPP films has been robust and expanding the capacity will enable MSFL to cater to the growing market for such films. Apart from robust demand these films enjoy, they will also further enhance the sustainability factor of MSFL as these films are easier to recycle.

From the onset of FY21, MSFL has witnessed robust demand for its packaging films which have continued to improve quarter on quarter leading to strong revenue and profitability growth. This demand is led by increasing preference of customers for packaged products as hygiene and safety has become the priority during this pandemic.




Top Stories

Leave a Comment

Title: Max Speciality Films to invest upto Rs 50 cr in new CPP line

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.

Security Validation

Enter the characters in the image