Date: October 07, 2026

Board Meeting Outcomes

  • The Board of Directors of Polyplex (Thailand) Public Company Limited (PTL), a material subsidiary of Polyplex Corporation Limited, has approved a capacity expansion project
  • The project involves installing a second-hand 6.6 meter, five-layer BOPP/BOPE film line in Thailand

Expansion / Capex Details

  • Existing capacity: 98,045 MT/Year
  • Existing capacity utilization: 80%
  • Proposed capacity addition: 12,000 MT/Year
  • Implementation timeline: Q4 FY2027-28
  • Total investment required: 15.2 Million USD (approximately INR 147 Crores)
  • Mode of financing: Internal accruals
  • Rationale: To expand the business of the Company

Equipment Acquisition Details

  • Main equipment (film line) acquired from Taghleef Industries Inc., USA at cost of approximately USD 2.91 Million
  • Taghleef Industries is wholly and indirectly owned by Al Ghurair Petrochemicals LLC, UAE
  • Al Ghurair Petrochemicals LLC is also an indirect major shareholder of PTL as per local regulations
  • The film line has been in operation for approximately two years