PROJECT

Projects

Environmental Review Summary

Project Number

11001

Company Name

COSMO FILMS LIMITED

Date ERS Disclosed

Apr 10, 2002

Country

India

Region

South Asia

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jun 20, 2002
Signed : Sep 9, 2002
Invested : Oct 11, 2002

Sector

Other Plastic and Rubber Products (Including Polypropylene Bags, Housing Components, Containers, etc.)

Industry

other

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

This project involves the expansion and consolidation of Cosmo Films Limited, which is India''s largest producer of BOPP (Biaxially Oriented Polypropylene) film, primarily used for food and confectionary packaging, lamination, adhesive tapes, pharmaceutical packs, and capacitor film. This includes the addition of a new 10,000 tonnes per annum (tpa) production line and financial restructuring and integration of a recently acquired competitor, Guajarat Propack Limited (GP), at a total estimated project cost of US$21.8 million.

Environmental and Social

Conclusion & Monitoring