Company's Profile

Polyplex (Thailand) Plc (PTL), a subsidiary of Polyplex Corporation Ltd. (PCL), India, is Thailand's leading manufacturer and exporter of Biaxially Oriented Polyester (BOPET) Film. The Company has two PET Film lines, a captive PET Chips facility, 2 Metallized film lines and 1 Extrusion Coating film line, 1 CPP film line and 1 CPP Metallised film line, 1 Silicone Coating line at its plant in Rayong province, Thailand. Projects for implementation of a Thick PET film line with captive PET resin, 2nd Extrusion Coating film line and Blown PP film line are underway in Thailand.

Polyplex Europa (PE), PTL’s 100% subsidiary in Turkey, set up in 2004, started operations with the production of Thin PET film from 1 line in December 2005. Over the years, the Turkey plant has had expansions for backward integration into manufacture of PET chips and forward integration into manufacture of Metallized film and has also doubled its capacities for plain PET and Metallized PET film in May 2008. PE currently has 2 PET film lines, a captive PET chips facility and 2 Metallized film lines.

In January 2006, in order to further strengthen its sales/distribution network, PTL acquired a distribution company in the US which was renamed as Polyplex (Americas) Inc. In February 2009, the board of PTL approved an Investment in a Trading company in China and capital was injected in September 2009. Trading operations have begun since Q1 of 2010-11. China is one of the fastest growing markets in the PET film industry and through the setting up of this Trading Company in China, Polyplex intends to establish a presence in this market, which account for about 20% of the global market.

In May 2011, the board of PTL approved the relocation of the Thin PET film line investment which was earlier planned for implementation in Turkey, to USA. This investment would include a Thin PET film line, Polyester chips line and Metallised film line.

With the expansions in Thailand, Turkey, USA and China, Polyplex Group has emerged as an important and profitable player in the Polyester Film business at a global level. PTL's products have gained wide acceptance in the International markets, such as USA, Europe, South-East Asia, South America and other smaller markets, where the Company has been exporting a substantial part of its production. PTL is focusing on supplying to the fast growing Packaging, Industrial and Electrical PET Film applications’.