Shares of Cosmo Films rallied nearly 7 per cent after the company launched sterilisable conduction sealing film for wad and lidding applications for PP and PE containers. This film can withstand high temperatures during sterilisation process, which is used to increase the shelf-life of the product.
The scrip was trading 6.74 per cent up at Rs 232.05 at around 9.45 am (IST), while the BSE Sensex was down 185 points, or 0.51 per cent, at 36,299.
The newly developed sealing film is a clear, one side corona treated and other side heat sealable film. The film offers exceptional seal integrity while it also offers improved convenience to the consumers because it is easy to open and peel cleanly without splitting. Apart from offering excellent optical properties and printability, this film is safe for direct food contact.
Pankaj Poddar, CEO, Cosmo Films said, “The uniqueness of the film lies in its endurance to withstand high temperatures during sterlisation process without affecting its seal integrity. We are confident of the success of this film and the response so far has been extremely encouraging.”
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