Polyplex Corporation Limited has revealed plans to establish a cutting-edge BOPET (Biaxially Oriented Polyethylene Terephthalate) film manufacturing plant in India. This ₹558 crore ($65 million) investment aims to enhance production capacity by 52,400 metric tonnes per annum (MTPA). The decision, disclosed after a board meeting on January 9, 2025, underscores the company’s strategy to meet rising demand in sectors like food packaging, electrical insulation, and industrial laminates.
Operations Set to Begin in FY2027-28
The new plant is slated to commence operations in the first half of the fiscal year 2027-28. Financing for the project will be supported by a combination of debt and internal accruals. With this initiative, Polyplex aims to strengthen its foothold in the specialty films segment.
Currently operating at full capacity with 90,000 MTPA of combined BOPET and BOPP (Biaxially Oriented Polypropylene) films, the company’s expansion highlights its commitment to addressing market demand for high-performance polyester films.
Market Reaction Reflects Strategic Focus
Despite the significant announcement, Polyplex shares ended at ₹1,355.00 on January 9, marking a decline of 3.58% or ₹50.35. The market’s cautious sentiment accompanies a broader anticipation of growth from this capacity expansion.
With its versatile applications and robust growth potential, the new facility reinforces Polyplex Corporation’s position as a leading player in the global specialty films industry.
