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

Bankruptcy court confirms GSE reorganization plan

July 29, 2014 4:01 pm ET

The U.S. Bankruptcy Court in Wilmington, Del., has confirmed the reorganization plan for geomembranes maker GSE Environmental Inc.    More

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Reynolds considering sale of Closure Systems International unit

July 29, 2014 10:32 am ET

Packaging giant Reynolds Group Holdings Ltd. has put its closures business under review.    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Image

Dow sees solid second quarter performance

July 29, 2014 11:19 am ET

Dow Chemical Co. has reported its second quarter figures, with its seventh consecutive quarter of growth, according to the company.
More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events