Polyplex Corporation has informed that the Board of Directors of Polyplex (Thailand) Public Company Limited, Thailand (PTL), a subsidiary of the Company in which the Company has 51% stake in equity share capital, 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). Above project would be implemented in a subsidiary/ step down subsidiary of PTL.
The above information is a part of company’s filings submitted to BSE.
