Polyplex Corporation’s wholly owned subsidiary - Polyplex (Asia), Singapore (PAPL) has invested Rs 9.86 crore in the equity share capital of the Peninsula Beverages & Foods Company (Peninsula). Pursuant to this investment, Peninsula has become a subsidiary of PAPL with effect from February 06, 2013.
Peninsula proposes to enter in the business of Wholesale Trading and Distribution of Foods & Beverages products in India.
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.
