Cosmo Films, a global leader in films for packaging, labeling, lamination and synthetic paper and an emerging player in specialty chemicals, polymers and pet care on 4th June declared an upgrade in long term credit rating to AA- and short-term credit rating to A1+ from CRISIL with a stable outlook.
Commenting on the company’s performance Pankaj Poddar, chief executive officer, Cosmo Films, said, “The upgrade in credit rating reflects a healthy business profile supported by strong market position across various flexible packaging segments, specifically specialty films growth, improved operating efficiency and a strong financial profile.”
Established in 1981 and founded by Ashok Jaipuria, Cosmo Films today is a global leader in specialty films for packaging, lamination, labeling and synthetic paper. With the engineering of innovative products and sustainability solutions, Cosmo Films, over the years, has been partnering with the worlds’ leading F&B and personal care brands and packaging and printing converters to enhance the end consumer experience. Its customer base is spread in more than 100 countries with sales and manufacturing units in India and Korea and sales and distribution bases in Japan, the USA, Canada, and Europe.
The company is strategically expanding beyond films into specialty chemicals and polymers as well as pet care business.