Polyplex says US film plant on schedule for 2013

By Gurdip Singh
Correspondent

Published: March 22, 2012 6:00 am ET

Related to this story

Topics Packaging, Film & Sheet

BANGKOK (March 22, 1:30 p.m. ET) — Polyplex (Thailand) Public Co. Ltd. said its thin PET film line and resins plant in the United States will commence commercial production from the first quarter of next year.

The company recently gave an update in Bangkok on its capital investment projects.

Polyplex is investing US$111 million on 31,000 metric-ton-per-year capacity thin PET film line, 8,600 metric tons per year of high speed metalized film and 57,600 metric tons per year of PET resins.

The plant, initially planned for Turkey, has been relocated to the United States for faster deliveries to the customers and reducing logistics and delivery costs for supplies from offshore plant.

In Thailand, Polyplex has started trial runs at its silicone coating line, output from which would be exported to Europe, the United States and Asia.

Polyplex is investing US$25 million (CNY158 million) in the line, capacity of which would depend on product mix and different product types ranging from 200 million square meters to 600 million square meters.

Polyplex also is investing US$90 million (CNY568.53 million) on a thick PET film line in Thailand, targeting commercial production by the second quarter of 2013. In addition, the company is aiming for commercial production from the second quarter of next year from its 4,650 metric ton per year blown polypropylene film line in Thailand. It is investing US$10 million (US$63.17 million) in the line the end product of which would be known as “Peel and Stick.”


Comments

Polyplex says US film plant on schedule for 2013

By Gurdip Singh
Correspondent

Published: March 22, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Coveris makes another flexible packaging buy

August 22, 2014 9:34 am ET

Coveris Holdings is continuing its rapid acquisition pace, this time picking up flexible print specialist Learoyd Packaging (Holdings) Ltd. to boost...    More

Image

Promens closing 2 German blow molding plants

August 22, 2014 9:54 am ET

Promens hf, the Icelandic packaging group, is planning to restructure its packaging operations in Germany with the closure of two blow molding plants ...    More

Image

Inteplast expands in corrugated sheet with Coroplast deal

August 21, 2014 5:28 pm ET

Packaging major Inteplast Group has acquired its main competitor in corrugated plastic sheet, Coroplast Inc. Inteplast gets corrugated sheet plants...    More

Image

NanoHolding, Applied Nanotech merge to form PEN Inc.

August 21, 2014 4:44 pm ET

Nanotechnology firms NanoHolding Inc. and Applied Nanotech Holdings Inc. are merging to create PEN Inc., a publicly held firm whose product mix will...    More

Image

Report predicts growth for flexible packaging

August 21, 2014 12:34 pm ET

Flexible packaging in the United States grew last year and is expected to continue to grow this year, according to a new report by the Flexible Packag...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

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

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