Polyplex (USA) LLC, USA (PU), a Wholly owned subsidiary of Polyplex Thailand Public Company, Thailand (PTL), which in turn is a subsidiary of Polyplex Corporation, has commissioned and started trial runs of two projects include new brown field BOPET Thin film line with a capacity of 50,000 MT p.a. taking the total capacity in the US to 81,000 MT p.a.; and capacity debottlenecking of the existing PET resin plant from 58,000 MT p.a. to 86,000 MT p.a.
The commercial production on these projects is expected to commence within the next few days. The aggregate capital expenditure for the said projects amounting to about $124 million (excluding working capital) has been met out of mix of internal accruals and borrowings. With the commissioning of above projects, PU becomes the largest and most cost-competitive producer of BOPET thin films in the US.
Polyplex Corporation is principally engaged in the manufacturing of polyester (PET) film globally.
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