Polyplex In India                                 

Polyplex Corporation Ltd. (PCL/ Polyplex India) is a Public Company listed on National Stock Exchange and Bombay Stock Exchange. 
Polyplex India is engaged in the manufacture and sale of Polyester (PET) Film with an installed capacity of 20000 TPA (Ton Per Annum) at its works located at Khatima, Distt. Udham Singh Nagar, Uttarakhand. In addition, it has an installed capacity of 20000 TPA of PET Chips for captive consumption and 4800 TPA of Metallised Film at the same location.

Polyplex India was incorporated in 1984. The Company had started it commercial production in May 1988 with its first line for PET Film. Following from the Company’s objective of being a leader in PET Film manufacturer, Polyplex expanded its film capacity further by investing in a new film line of 9000 TPA in March 1996.

In March 1997 the Company commenced production of Polyester Chips meant for captive consumption to integrate backward into the manufacture of raw material.
To broaden its product portfolio and improve value additions, the Company commissioned a Metalliser in December 2002. Further to impart more focus on value added products, in March 2006, Company set up an offline Silicone Coating Plant. The product is primarily aimed at exports and will help broaden the product portfolio.

India is one of the fastest growing markets in the world and demand of PET Film in India is growing rapidly. In order to gain market share in domestic market as well as to achieve economies of scale, it has now been decided that the Company would go ahead with its plans and setup a new state of the art 8.70 meter wide PET Film line with a Continuous process Chips plant and a Metallizer at a new location Bajpur, near Khatima. Further the scope of the project has been enlarged to include a 8.7.meter wide BOPP line along with a 2.85 meter wide Metallizer.. The rationale for this project emerges from the following:

• Continued growth in demand for flexible packaging fuelled in large part by the organized retail boom.
• Gravitation of converting industry to Uttarakhand due to fiscal/other benefits
• Integration with existing operations would reduce incidence of overheads significantly
• Backward integration into Chips & forward integration in Metallising helps in capturing maximum portion of the value chain
• A Continuous process (CP) Chips plant would be the first for a film manufacturer in India and will reduce cost of manufacturing chips
• Fiscal benefits – Income Tax and Excise duty exemption
• Lower power rates in Uttarakhand

The project is expected to start commercial production in first half of 2009-10 with an investment of around USD 112 million (including margin money requirement for working capital).