Mumbai, May 13 -- The new lines, expected to be commissioned in next 2-3 years' time, will see a capex commitment of above Rs 700 crore.

JPFL Films would set up a new BOPP line to have a capacity of upto 42,000 tonne per annum, a new PET line to have a capacity of upto 55,000 tonne per annum and a new CPP line to have a capacity of upto 18,000 tonne per annum.

Jindal Poly Films stated that this capacity expansion is in addition to its ongoing new BOPP line 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.

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