07-Oct-2026 20:29:27

POLYPLEX : THAILAND SUBSIDIARY ADDS BOPP FILM CAPACITY WORTH OVER RS 147 CR

• Board of Polyplex (Thailand) PCL, a material subsidiary, approved a second-hand 6.6 mtr five-layer BOPP/BOPE film line in Thailand • Proposed capacity addition of 12,000 MT/Year against existing capacity of 98,045 MT/Year at 80% utilization • Investment required US$15.2 Mn (~₹147 Cr approx.), to be funded through internal accruals • Main film line bought for about USD 2.91 Mn from Taghleef Industries Inc., USA, indirectly owned by Al Ghurair Petrochemicals LLC, UAE, an indirect major shareholder of PTL • Capacity to be added by Q4, FY 2027-28; rationale is to expand the business

Polyplex Corporation Limited

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