Polyplex Corporation’s wholly owned subsidiary - Polyplex (Asia), Singapore (PAPL), has completed transfer of 67% equity stake in PR to Polyplex Europa Polyester Film Sanayi Ve Ticaret AS, Turkey (PE), another step down subsidiary of the company, at cost. Polyplex Resins Sanayi Ve Ticaret AS, Turkey, (PR) is subsidiary of PAPL and step down subsidiary of the company. Further, PR continues to be a step down subsidiary of the company with 67.17% stake in its equity.
Polyplex has established itself as one of the most profitable producers of PET Film by way of cost efficient operations resulting from high productivity and low overheads. Its products have gained wide acceptance in the Global markets, such as USA, Europe, South-East Asia, South America, North America and Australia, where the Company has been consistently exporting about 75% of its production.
