Shares of Polyplex Corporation Ltd surged 2.16% to Rs 1,214.55 in early trade on March 27, 2025, following an announcement that its step-down US subsidiary, Polyplex (USA) LLC, has commenced commercial production of its new PET film line. The stock had closed at Rs 1,188.85 in the previous session and traded in the range of Rs 1,200.00 to Rs 1,239.95 during the morning session. The company’s market capitalization stood at Rs 37,980 crore.
The company informed exchanges that the new brownfield BOPET thin film line has a capacity of 50,000 metric tonnes per annum (MT p.a.), bringing total capacity in the US to 81,000 MT p.a. Additionally, a debottlenecking exercise at its PET resin plant has increased capacity from 58,000 MT p.a. to 86,000 MT p.a.
This capacity expansion follows successful trial runs and is expected to strengthen Polyplex’s presence in the US market through its wholly owned subsidiary of Polyplex (Thailand) Public Company Ltd.
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