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Polyplex says US film plant on schedule for 2013

By: Gurdip Singh

March 22, 2012

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.”