Cosmo to invest ₹500 cr for growth, expansion across verticals.

Cosmo First - a global manufacturer of specialty films used for packaging, lamination and labeling applications - will invest ₹500 crore in capex over the next two years. A chunk of this investment will be allocated towards the company’s films business, Zigly, and the expansion of its film vertical, Pankaj Poddar, Group CEO, told businessline.

The company operates three business verticals - the packaging business; the chemicals business (Cosmo Speciality Chemicals); and the D2C start-up Zigly. In addition to adding capacities, the company will enter the rigid-digit packaging space as part of its film business expansion by the next quarter of this year, said Poddar. The company will also manufacture rigid packaging for the FMCG industry with the help of two different technologies - thermoforming and injection moulding - largely with polypropylene.

“We are making different types of containers for these brands, for example, printed and labelled. There will be complete backward integration from masterbatch to films to sheets,” he said.

HBL