Investment9 Jan 2025, 10:39 pm
Polyplex Corp. Ltd. to Invest $65M in BOPET Manufacturing Film Plant in India
AI Summary
Polyplex Corp. Ltd. announced in a board meeting on January 09, 2025, its decision to set up a new BOPET manufacturing film plant in India. The new plant will add a capacity of 52,400 MTPA to the company's existing capacity of 90,000 MTPA. The investment required for this expansion is approximately $65M or Rs. 558 Crores, excluding incremental working capital. The company plans to finance this expansion through a mix of debt and internal accruals. The rationale behind this expansion is to expand the company's business.
Key Highlights
- Polyplex Corp. Ltd. to set up a new BOPET manufacturing film plant in India
- New plant to add a capacity of 52,400 MTPA to the company's existing capacity of 90,000 MTPA
- Investment required for this expansion is approximately $65M or Rs. 558 Crores
- Company to finance this expansion through a mix of debt and internal accruals
- Expansion aimed at expanding the company's business