Polyplex In Turkey           

To focus and establish its market position in European and Mediterranean markets the Company took steps to implement a Polyester film plant in Turkey and in September 2004 formed a Company in Turkey, Polyplex Europa Polyester Film San. Ve Tic. A.S (PE). The plant is located in the European Free Zone in Çorlu, Tekirdag. A Free Zone provides a conducive investment environment especially for import/export intensive operations as minimal controls apply on trade, currency and investment. 
 
 Polyplex Europa  has put up a new film line in Europe with a capacity of 24000 TPA in December 2005. This includes an 8.7 Meter film line with a captive cogeneration power plant of 4 MW capacity. Further we have also put a Metalliser with a capacity of 5000 TPA in March 2006. PE has also started a Continuous process Chips plant of the capacity 45500 TPA at the existing location in December 2006. After the startup of the chips plant , the company has become self-sufficient in its raw material requirement and has improved value addition..

With this location, the Company now has ready access to an existing large market in Western Europe where no new capacity has been added in the last 3-4 years, notwithstanding a continued growth in the market. This market also imports significant quantities.

This location acts as a bridge between Asia and Europe and is also servicing the Middle-East, America, Russia/ CIS and Central and Eastern Europe markets, which though small currently, have a lot of potential given the stage of economic growth of these regions. Further, the countries around the Mediterranean rim are another possible destination for the output. Turkey has a Customs Union with EU, which facilitates duty free movement of goods between the two territories.
With the stabilization of operations at Turkey it was proposed to put in another film line at the existing location. The rationale for this investment was based on the following considerations:

• An improvement in the overall viability of the operations by absorption of overheads on a larger production base
• Availability of chips from the project commissioned in December, 06.
• Readily accessible markets in the EU, CEE, Russia/CIS and the increasing requirements of PA
• Greater supply security to existing and potential customers served by the line in Turkey
• Increasing the range of products through appropriate line configuration
• Leveraging of existing Sales and Distribution network

This project would be a key element in the plan to build a global footprint and associate with large customers in the converting and industrial segments. Savings in freight and duty and likely better pricing would offset the higher operating costs of a manufacturing set up in Turkey.

New Pet Film line has been commissioned in May 2008, having production capacity of 29,000 TPA. This line is state of the art line and is capable of producing various speciality products. Now, the total production capacity at Turkey for PET Film is 58,000 TPA. The second metalliser has also been commissioned at Turkey in May 2008, having production capacity of 6,000 TPA. 2 Co-gen sets of 4 MW each have also been added to provide greater power security for the plants.