Polyplex Subsidiary to Add 12,000 MT/Year BOPP/BOPE Film Capacity in Thailand
Polyplex's subsidiary, PTL, will add 12,000 MT/Year BOPP/BOPE film capacity in Thailand by Q4 FY28. The expansion requires an investment of USD 15.2 Mn (₹147 Crores), funded by internal accruals.
The capacity addition of 12,000 MT/Year is significant and expected to contribute to the company's business growth, impacting its operational scale and market presence.
The announcement details a capacity expansion project, indicating growth and investment in the business, which is generally viewed positively.
Polyplex (Thailand) Public Company Limited (PTL), a material subsidiary of Polyplex Corporation Limited, has approved a project to expand its production capacity by installing a second-hand 6.6-meter, five-layer BOPP/BOPE film line in Thailand.
The proposed capacity addition is 12,000 MT/Year, which is expected to be completed by Q4 of FY 2027-28. The total investment required for this project is approximately USD 15.2 million (₹147 Crores), which will be financed through internal accruals. The rationale behind this expansion is to grow the company's business.
The main equipment, a film line, is being acquired from Taghleef Industries Inc., USA, for approximately USD 2.91 million. This line has been operational for about two years. The subsidiary's current capacity stands at 98,045 MT/Year with an 80% utilization rate.
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