Shares of Cosmo Films gained 11 percent intraday Monday after company introduced a cast polypropylene (CPP) film for packaging applications requiring high moisture & oxygen barrier and high hot tack properties.
The newly launched heat sealable CPP films also offer high hot tack and low seal initiation temperature; enabling packaging machines to run at higher speeds.
Pankaj Poddar, CEO at Cosmo Films said, “We see more & more CPP being used globally as well as India as a choice material for packaging applications in food and agriculture owing to its high transparency vis-a vis polyethylene and excellent sealing performance.”
“Cosmo Films with years of experience in the polypropylene space has worked hard to come up with an extensive range of CPP films that it offers today both from functionality as well as monomaterialization standpoint,” he added.
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