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Cosmo First launches Cosmo Plastech - thin wall containers and sheets

Posted On: 2023-10-17 07:22:58 (Time Zone: IST)

Cosmo Films a global leader in speciality films for packaging, labelling, synthetic paper, and lamination applications announces the launch of its new business division- Cosmo Plastech. This strategic move aligns perfectly with the company's vision of offering a diverse range of packaging solutions to its valued partners for a wide array of FMCG products, providing enhanced supply chain efficiency.

Speaking on the launch, Mr Pankaj Poddar, Group CEO, Cosmo First said, "We, at Cosmo First, have proudly pioneered industry-first solutions for the past four decades. As the demand for FMCG products soars, the need for innovative packaging solutions becomes significant. With the launch of Cosmo Plastech, we aim to empower our clients and consumers with cutting-edge rigid packaging solutions, all while upholding our unwavering commitment to sustainability. This marks a significant step in our journey towards a greener future, where a positive change in the packaging industry sets the stage for a circular economy."

Comso Plastech's containers are well-designed, offer excellent clarity and are manufactured to serve the food and beverage industry especially. Prioritising product recyclability, Cosmo Plastech has also introduced a recycling programme to ensure that the packaging solutions don't reach landfills, fostering a culture of positive change and contributing to a circular economy.

Commenting on the launch, Mr. Sanjay Chincholikar, Business Head - Technical Films & Rigid Packaging said, "Cosmo Films is proud to announce the launch of Cosmo Plastech. Our containers ensure durability, reliability, and moisture resistance thereby setting an innovative benchmark in the packaging world. With Cosmo Plastech, we look forward to meeting the industry's evolving demands eco-consciously. Our strategic move to establish Cosmo Plastech reflects the company's commitment towards excellence in sustainable packaging solutions."

The packaging containers are made from high-quality materials to ensure durability and reliability using injection moulding and thermoforming techniques. Cosmo Film's expertise in Rigid packaging solutions combined with state-of-the-art machinery ensures that the products are moisture-resistant and tamper-proof. This makes the solutions of Cosmo Plastech an alternative to traditional packaging practices.

Shares of Cosmo First Limited was last trading in BSE at Rs. 677.25 as compared to the previous close of Rs. 670.95. The total number of shares traded during the day was 2348 in over 210 trades.

The stock hit an intraday high of Rs. 682.65 and intraday low of 664.00. The net turnover during the day was Rs. 1575578.00.

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