Polyplex Corporation’s subsidiary PTL has decided to set up a greenfield PET Film Line project of a capacity of 44,000 TPA along with upstream resin line and downstream coating plant, in Indonesia at an estimated cost of $95 million (including working capital of $15 million).
The board of directors of PTL at its meeting held has approved for the same. Above project would be implemented through subsidiary/ step down subsidiary of PTL.
Polyplex (Thailand) Public Company, Thailand (PTL) is a subsidiary of the company in which the company has 51% stake in equity share capital.
Polyplex Corporation is one of India’s leading manufacturers and exporters of Biaxially Oriented Polyester (BOPET) Film for packaging, electrical and other industrial applications. The product range of the company includes Plain Film (Untreated), Plain Film (Treated), Plain Film (Untreated and Hazy) and Metallised.
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