Material subsidiary approves 12,000 MT/Year BOPP/BOPE film line capacity addition in Thailand

Material subsidiary Polyplex (Thailand) PCL approved adding a 12,000 MT/Year BOPP/BOPE film line in Thailand, over existing 98,045 MT/Year capacity.

Wed 7 Oct 2026

Proposed capacity addition

12,000 MT/Year

Existing capacity

98,045 MT/Year

Investment required

15.2 Mn USD (INR 147 Crores approx.)

What was approved

The Board of Directors of Polyplex (Thailand) Public Company Limited (PTL), a material subsidiary of the company, has approved setting up a project to add to its capacity by installing a second hand 6.6 mtr, five layer BOPP / BOPE film line in Thailand. The update states that further updates on this matter would be notified in due course.

Capacity, cost and funding as stated

• Existing capacity: 98,045 MT/Year
• Existing capacity utilisation: 80%
• Proposed capacity addition: 12,000 MT/Year
• Period within which the proposed capacity is to be added: Q4, FY 2027-28
• Investment required: 15.2 Mn USD (INR 147 Crores approx.)
• Mode of financing: Internal accruals
• Stated rationale: To expand the business of the Company

The equipment and the seller

The main equipment for the project, the film line, is being acquired at a cost of about USD 2.91 Mn. from Taghleef Industries Inc., USA. The update states that Taghleef Industries Inc. is wholly and indirectly owned by Al Ghurair Petrochemicals LLC, UAE, which is also an indirect major shareholder of PTL, as per local regulations. The update also states that the line has been in operation for about two years.

How this can be read

• The disclosure is about an approved project to add capacity; the capacity addition itself is stated to come in Q4, FY 2027-28.
• The proposed addition of 12,000 MT/Year is set against the existing 98,045 MT/Year, with existing capacity utilisation stated at 80%.
• Funding is stated to come from internal accruals, and the disclosure does not involve any new shares or fund raising by the company.
• The seller of the main equipment is described in the update as an entity wholly and indirectly owned by a company that is also an indirect major shareholder of PTL, as per local regulations.
• The purchase is of a second hand line that, as per the update, has been in operation for about two years.

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