Polyplex Corporation Expands Its Horizons with New BOPET Film Plant in India

Polyplex Corporation Limited, a leading name in the global plastic film industry, has taken a significant step towards business expansion. The company’s Board of Directors has approved the establishment of a new BOPET (biaxially-oriented polyethylene terephthalate) film manufacturing plant in India, reflecting its commitment to meeting the increasing market demand for speciality films.

Key Highlights of the Expansion

• Current Capacity and Utilisation:
  Polyplex is already operating at full capacity, with a production capability of 90,000 MTPA across BOPET and BOPP (biaxially-oriented polypropylene) films.
• Proposed Capacity Addition:
  The new facility will add 52,400 MTPA of nameplate capacity for BOPET films.
• Timeline for Completion:
  The plant is slated to commence operations by the H1 of FY 2027-28, ensuring the company is well-positioned for future growth.
• Investment Details:
  An estimated $65 million (approximately ₹558 crores) will be invested, excluding the incremental working capital. This investment will be funded through a mix of debt and internal accruals.

Strategic Rationale

Polyplex’s decision to expand stems from the growing global demand for flexible packaging and industrial films. By enhancing its capacity, the company aims to:

• Strengthen its leadership position in the plastic film industry.
• Cater to the rising demand for speciality films, particularly in India and other key markets.
• Reinforce its commitment to providing innovative and sustainable packaging solutions.

Share Price Performance

The share price of Polyplex opened higher on January 10, 2025, at ₹1,370 on the NSE and reached an intraday high of ₹1,378.30. However, due to market volatility, the stock is trading lower by 2.26% as of 1:29 PM.

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