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Toppan installs hybrid film production line in India
Yahoo Finance· 2025-11-10 11:25
Core Insights - Toppan has installed a hybrid manufacturing line in India for producing both BOPP and BOPE films, set to begin mass production in mid-November 2025 [1][2] Group 1: Production Capacity and Technology - The new facility will enhance Toppan Speciality Films Private Limited's (TSF) film production capacity by approximately 40% [2] - The production line operates at high speed and features an advanced quality management system to ensure uniform thickness, transparency, and consistent strength across products [2] Group 2: Market Demand and Sustainability - Toppan's initiative is aimed at addressing the increasing demand for recyclable, mono-material sustainable packaging, particularly in Europe, where there is a shift from PET to BOPP and BOPE films [3] - The move aligns with India's Plastic Waste Management Rules and Extended Producer Responsibility (EPR) obligations [3] Group 3: Future Plans and Product Development - TSF aims to increase its annual sales volume to around 33,000 tons by 2027 [3] - The company plans to expand its product range to include transparent GL BARRIER films and develop new films with enhanced heat resistance and sealing properties [4] Group 4: Strategic Acquisitions - In April 2025, Toppan Holdings completed the acquisition of Sonoco Products Company's Thermoformed and Flexibles packaging business in the US for approximately $1.8 billion [5]