Polyplex Corporation Limited, a global leader in the manufacturing of plastic films, has announced the establishment of a new BOPET manufacturing film plant in India. The decision, approved by the Board of Directors in a meeting held earlier today, underscores the company’s commitment to expanding its production capacity and business operations.
Key Details of the Project:
- Existing Capacity: 90,000 MTPA (inclusive of BOPET and BOPP films).
- Proposed Capacity Addition: 52,400 MTPA (nameplate) dedicated to BOPET films.
- Timeline for Completion: H1 FY2027-28.
- Investment: ₹558 crores (approx. $65 million), excluding incremental working capital.
- Financing: A mix of debt and internal accruals.
- Objective: To scale operations and cater to the growing demand for BOPET films globally.
The proposed capacity expansion aligns with Polyplex’s growth strategy to strengthen its position in the plastic film manufacturing industry. By increasing its production capabilities, the company aims to meet rising global demand for BOPET films, which are widely used in packaging, industrial applications, and electronics.
Ashok Kumar Gurnani, Company Secretary at Polyplex Corporation, stated, “This investment will enable us to support our customers more effectively and strengthen our market leadership in the BOPET film segment.”
Polyplex Corporation Limited is one of the world’s largest manufacturers of plastic films used in various applications, including packaging, electrical, and industrial uses. Headquartered in Noida, India, the company operates multiple production facilities across the globe, catering to a diversified customer base.
