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History
Polyplex
was incorporated in 1984 and commenced commercial operations
with its first Film line of 4000 TPA in May 1988, which was
subsequently increased to 6000 TPA. With its operations stabilizing,
by the mid 90’s, Polyplex was able to emerge as one
of the most profitable producers of Polyester Film in India.
Polyplex undertook an expansion in film
capacity by adding another film line of 9000 TPA in March
1996. It also integrated backward into the manufacture of
Polyester Chips meant for captive consumption, and commenced
production in March 1997.
While mirroring industry trends, the Company’s
financial performance has been consistently better than the
industry, resulting from the Company’s focus on Polyester
Films, its strategic understanding of the PET Film market
and operational efficiencies. Initiatives such as TPM, BPR
and implementation of ERP have lead to sustained improvements
in productivity. A turnaround in market conditions since
mid-2000 has seen a significant improvement in the profitability
of our operations, thus creating conditions for further growth.
Following from the
Company’s objective of being a PET Film manufacturer
of Global significance, Polyplex expanded its film capacity
further by investing in a new film line of 15000 MT in Thailand.
The new line was commissioned on April 2, 2003 within the
budgeted costs and ahead of time. Following this, PTL has
set up its next PET film line with a capacity of 15000 MT
in a record time of nine months. The line commenced commercial
production in November 2003.
The Company also commissioned a Metallizer
in India in December 2002. This has enabled the Company to
broaden its product portfolio and improve value additions.
These investments have strengthened the Company’s competitive
position in the PET Film business ensuring continued cost
leadership. This together with the current demand-supply
situation, would enable Polyplex to provide an attractive
value proposition to its customers and investors.
Production in both the India and the Thailand
units has been more than rated capacity. Consequently in 2003-04
capacities were restated at 20,000 MT for India and 39,000
MT for Thailand.
During 2004-05, the Company took steps to implement
a Polyester film plant in Turkey and has formed a Company
in Turkey, Polyplex Europa Polyester Film San. Ve Tic. A.S.,
for this purpose. This unit
successfully started
commercial
production in December
2005.
During
2005-06, Company planned to set up a Silicone Coater Plant
with an investment of around Rs. 22 Crore. Currently Trial
runs are being undertaken.
| Plants |
Installed
Capacity (MT) |
Remarks |
| Polyplex Corporation
Ltd. (PCL) |
| PET Film |
20000 |
- |
| Polyester
Chips |
20000 |
For captive use |
| Metallizer |
4800 |
- |
| Silicone
Coater |
2000 |
Scheduled
to commence production in July 06. |
| Polyplex (Thailand)
Public Co. Ltd. (PTL) |
| PET Film |
39000 |
- |
| Polyester Chips - Batch Polycondensation |
7000 |
For captive use |
| Polyester Chips - Continuous Process |
45500 |
Commenced
production in February 2005 |
| Metallizer |
4800 |
Commenced
production in June 2005 |
| Polyplex Europa San.
ve Tic. A.S. (PE) |
| PET Film |
24000 |
Commenced production in December 2005 |
| Metallizer |
5000 |
Commenced production in March 2006 |
| Polyester
Chips - Continuous Process |
45500 |
Commencement
scheduled in Third Quarter of 2006-07. |
Polyplex in Thailand
(PTL)
Polyplex (Thailand) Public Company Ltd., is a
subsidiary of Polyplex Corporation Ltd. The Company commenced commercial production on April 2, 2003
from its first Polyester Film line located in Rayong province.
With the start of production at our second PET film line
on November 13, 2003, we have a total capacity of 39000 MT.
In September 2004, we also successfully started operations
of our batch polycondensation PET chips plant. After the
startup of the continuous process PET chips plant, the company
has become self-sufficient
in its raw material requirement and improved its value addition.
The total investment in these projects is about USD 60 million.
Read more
Polyplex in Turkey (PE)
A wholly-owned subsidiary of PTL, Polyplex Europa Polyester
Film Sanayi ve Ticaret A.S. has been formed in 2004-05 for setting up
a Thin Film line with a capacity of 24000 MT in the Free Zone
in Çorlu, Tekridaag in Turkey. The Film line
successfully started
commercial production in December
2005. Metallizer has also successfully started production in
March, 2006. PE is now in the process of implementing a Chips
plant at the existing location. The total investment in
these projects is about USD 55 million.
Read more
Polyplex
in USA
Polyplex (Americas) Inc. is a subsidiary of PTL. This
company is a distributor of Polyplex Corporation Limited for
North American Region.
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