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 Polyplex
in Thailand
Polyplex (Thailand) Public Company
Ltd., is a subsidiary of Polyplex Corporation Ltd.
The Company commenced commercial
production on April 2, 2003 from our first Polyester Film
line located
in Rayong province. With the start of production at our second
PET film line in November 2003, we have a total capacity
of 39000 MT. In September - end 2004, we also successfully
started operations of our batch polycondensation PET chips
plant.
After the startup of the continuous process PET chips plant in
February 2005, the company has become self-sufficient
in its raw material requirement and improve its value addition.
The total investment in these projects is about USD 60
million.
PTL is focusing on supplying to the
fast growing Packaging, Industrial and Electrical PET Film
applications in the Asia-Pacific region & USA
and will address the
emerging shortages in these segments. Thailand has a healthy
business environment and is a major producer of PET Chips,
the raw material for PET Film.
The expansion in Thailand is an integral
part of Polyplex's strategy to emerge as an important and
profitable player in the Polyester Film business at a global
level and it shall ensure:
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A phased and sustainable growth
in capacity. |
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Reduction in the Company's overall
cost of production. |
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Strengthening of its competitiveness
through a continuous process of improvement including
upgradation in technology, broad-basing of product
offering and efficient use of capital. |
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Delivering the best returns to
the investors benchmarked to the industry. |
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PTL has in December 2004, made an Initial
Public Offering of its shares and is listed on the stock
exchange
of Thailand. Polyplex Corporation Ltd continues to be the
majority shareholder, directly and indirectly, controlling
70% of ordinary shares of PTL.
The funds mobilized were utilized for:
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Procurement of machinery
for: |
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Reduction in the Company's
overall cost of production. |
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Other Capital
Expenditure / Accessories |
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Additional Working Capital
Requirements |
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Repayment of loans to lenders |
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