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Polyplex Corporation plans to invest ₹558 crore in a new BOPET film plant, boosting production by 52,400 MTPA. Operations will start in FY2027-28. Polyplex Corporation share price closed at ₹1,355, down 3.58%.
Polyplex Corporation Limited will invest ₹558 crore to establish a new BOPET (Biaxially Oriented Polyethylene Terephthalate) film manufacturing plant in India. The plant, designed to enhance production capacity by 52,400 metric tonnes per annum (MTPA), will cater to the growing demand for high-performance polyester films across multiple industries. The company aims to strengthen its position in the specialty films market with this expansion.
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Investment Amount: ₹558 crore (approx. $65 million).
Production Capacity: 52,400 MTPA of BOPET films.
Expected Operations Start: FY2027-28 (first half).
Funding Source: Debt and internal accruals.
Current Production Capacity: 90,000 MTPA of BOPET and BOPP films combined.
Polyplex Corporation share price: Closed at ₹1,355, down 3.58%.
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BOPET films are widely used in industries such as food packaging, electrical insulation, and industrial laminates due to their superior strength, transparency, and barrier properties. Polyplex Corporation’s new plant will help meet the increasing market demand for these versatile films, particularly in the flexible packaging sector.
Details | Key Data |
Investment Amount | ₹558 crore (approx. $65 million) |
Production Capacity Increase | 52,400 MTPA |
Expected Start Date | FY2027-28 (first half) |
Current Capacity (BOPET & BOPP) | 90,000 MTPA |
Despite the strategic investment, Polyplex Corporation share price fell by 3.58%, closing at ₹1,355 on January 9, reflecting cautious market sentiment. The new plant is expected to support long-term growth and boost the company’s competitive edge in the global specialty films segment.
The expansion marks a significant step for Polyplex Corporation as it aligns its production capacity with growing industry needs, solidifying its leadership in high-performance films.
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