Polyplex Corporation Ltd's subsidiary to set up 60000 TPA BOPP film line project.

The Board of Directors of Polyplex (Thailand) Public Company Limited, Thailand (PTL), a subsidiary of Polyplex Corporation Ltd in which our Company has 51% stake in equity share capital, have decided to set up BOPP Film Line project with a capacity of 60,000 TPA, in Indonesia at an estimated cost of USD 48 Million (excluding Working Capital).

Above project would be implemented by 'PT. Polyplex Films Indonesia', Indonesia a Wholly Owned Subsidiary of PTL.

EQUITYBULLS