Dhunseri Ventures Ltd on Wednesday said it has commenced commercial production of polyester films, used in the packaging sector, at its Panagarh plant in West Bengal.
With a focus on sustainable packaging solutions, the facility will initially manufacture 45,000 tonnes per annum (TPA) of BOPET films, catering to the food, cosmetics, personal care and pharmaceutical industries.
BOPET (biaxial oriented polyethylene terephthalate) is a polyester film used in the packaging sector.
The project is implemented by Dhunseri Poly Films Pvt. Ltd (DPFPL), a wholly-owned subsidiary of Kolkata-based Dhunseri Ventures Ltd.
"DPFPL is equipped to ramp up production to match the demand," said Chandra Kumar Dhanuka, Executive Chairman and Promoter of Dhunseri Group.
"We have a target of increasing production to 1,60,000 TPA by 2026-27, aiming at a turnover of Rs 1,500 crore from the flexible film business and exports of around Rs 400 crore," he said.
The new plant, spread over 38 acres in the Panagarh Industrial Park, marks a significant investment of Rs 540 crore in Phase I alone, another official said.
The project is expected to generate employment opportunities for over 200 people directly and contribute significantly to the local economy.
The company has set a target to export nearly 15% of its production to international markets, especially European and African countries.
The project comes at a time as the domestic biaxially oriented polypropylene (BOPP) and BOPET market is expected to grow at over 12% per annum.
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