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.

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. 
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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.  
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Polyplex in USA

Polyplex (Americas) Inc. is a subsidiary of PTL. This company is a distributor of Polyplex Corporation Limited for North American Region.