Jindal Polyfilms-Doesnt This Stock Need A PE Re-rating? From Unilever's Soaps, to Pepsi Food's Salties and Coke's Bottled Beverages, Jindal Poly supplies them all-Packaging films to PET bottles. So is this sector not an FMCG play with 1/4th the PE of FMCG concerns? With consistent record of profitability and high dividends should this sector not deserve a re-rating? JPFL today delivers full range of PET films which includes Chemical coated films, Opaque white films, Matte films, Co-extruded clear and Ultra clear films, High strength yarn grade films for the converting industry, graphic arts industry, electrical insulation applications, labels, release liner coating and other wide range of applications.
Current Pet Films capacity is 124000 tpa with 5 Lines. 1 more line of 8.7 mtrs width with an annual capacity of 30,000 MT is being expected to be commissioned by August 2011. JPFL started the manufacture of BOPP films in 2003, the most widely used flexible packaging films in the world. Taking advantage of India's growing demand, JPFL has rapidly increased its BOPP film Capacity from 90000 MT in 2006 to 180000 MT in 2010 and we are now India's largest producer of BOPP films.
State-of –the-art manufacturing facilities from DORNIER, BRUCKNER & GOEBEL help JPFL produce thin films, matte films, over wrap films, heat sealable films, metalizable / metalized films, label films, opaque white and P.S. tape / garment bag film etc.
Jindal Poly Films Ltd commenced the first metallizing production in January 2003 using sophisticated technology. We have world class Metalizers from Applied Materials, Germany.
Metallized BOPET Films are used for Flexible, packaging, metallic yarn, sequins for textiles, decoratives etc. And Metallized BOPP films are used for flexible packaging, gift wraps and decoaratives. The thickness of film is 12 micron- 150micron, the max width is 2830mm, and min width is 210mm that can be slitted into different sizes as per customers' specifications.
As a part of the forward integration of BOPP and PET Films, JPFL installed two coating lines for manufacturing of entire range of specialty coated films like PVdC, Acrylic, Low Temperature Seal and High Seal Integrity coatings. The main features of our Coated Films are :
1. Solvent Free coatings 2. Excellent Optics 3. Good Barrier - Moisture, Oxygen, Aroma, Gases 4. Good Printability 5. Heat Sealable 6. Good Machinability 7. Excellent consistency 8. Can be used as Monofilm or part of Laminate structure PVdC coating enhance the moisture, gas and aroma barrier of the film where as acrylic coating facilitate printability, sealability and seal integrity of the film. State of the art high performance coating facility from K-MEC and PAGENDARM enhance JPFL's capability to produce entire range of coated BOPP and PET film as well as development of new coatings for different applications and tailoring the products as per customer's requirements. Current Coated Films capacity is 4000 MT/Annum. JINDAL GROUP stands for the highest quality of Polyester Films, Polyester chips and resins production facilities, with plants located at Nasik to cater to captive consumption.
1 more Poly Chips line with an annual capacity of 55,000 MT is being expected to be commissioned by Sep 2010. Another Pet Chips Plant with an annual capacity of 72000 TPA is being expected to Start by Aug 2011. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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