Polyplex reports lower PET film prices

By Gurdip Singh
Correspondent

Published: February 15, 2012 6:00 am ET

Related to this story

Topics Packaging, Materials, Film & Sheet, Suppliers

BANGKOK (Feb 15, 2:05 p.m. ET) — Polyplex (Thailand) Public Co Ltd said its net profit for the third quarter ended Dec. 31, fell 82 percent year-on-year to Baht260.64 million (US$8.44 million) as PET prices came under pressure from new supplies.

Likewise, consolidated sales declined by 24.45 percent on the year to Bt2.4 billion (US$77.75 million).

However, the company said its lower polyester film selling prices has been partly offset by higher volumes of PET resins, CPP and extrusion coated films.

Total expenses increased by 32 percent to Bt 1.11 billion (US$3.95 million) mainly due to higher raw material cost as well as increase in production volumes.

Net profit for the nine months ended Dec. 31 was Bt1.22 billion (US$39.51 million), down 53.5 percent on the year, as prices remained under pressure throughout April-December.

Sales, however, improved slightly by 0.5 percent to Bt7.81 billion (US$253 million).


Comments

Polyplex reports lower PET film prices

By Gurdip Singh
Correspondent

Published: February 15, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

PolyOne increases quarterly profits despite falling sales

October 23, 2014 4:55 pm ET

North American compounding leader PolyOne Corp. saw its third-quarter profit increase, even as sales fell vs. the year-ago period.    More

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

FTC warns bag makers to take care before making biodegradeability claims

October 23, 2014 12:30 pm ET

Makers of oxodegradable or oxo-biodegradable plastic bags should consider themselves on notice, according to the U.S. Federal Trade Commission.    More

Image

Westlake adding ethylene capacity in Louisiana

October 23, 2014 9:54 pm ET

Westlake Chemical Corp. will add 250 million pounds of annual ethane-based ethylene capacity as part of a $330 million expansion project in Lake...    More

Image

Bemis reports record quarterly profit

October 23, 2014 1:06 pm ET

Bemis Company Inc. saw record per-share earnings from continuing operations during the third quarter, but charges associated with the divestiture of i...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events