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Polyplex to invest USD103 million to build BOPET film plant, debottleneck PET resin plant in Alabama

October 06/2020

MOSCOW (MRC) -- Polyplex (Thailand) Public Limited Company (PTL), a subsidiary of Polyplex Corporation Limited (PCL; Gautam Buddh Nagar, India), will invest USD102.8 million to build a biaxially oriented polyethylene terephthalate (BOPET) thin film line at Decatur, Alabama. The production capacity of the planned plant will be 50,000 metric tons/year, said Chemweek.

The company also intends to debottleneck the polyethylene terephthalate (PET) resin plant at Decatur, to raise the capacity from the current 58,000 metric tons/year to 86,000 metric tons/year. The project is expected to be commissioned in 24 months.

In June 2019, the company decided to invest USD48 million to build a biaxially oriented polypropylene (BOPP) film plant in Indonesia, with a capacity of 60,000 metric tons/year.

As per MRC' ScanPlast, total calculated polyethylene terephthalate (PET) consumption in Russia in August reached 55,220 tonnes, down 27% year on year. Russia's overall estimated consumption of polyethylene terephthalate (PET) decreased in the first eight months of 2020 by 21% year on year to 476,940 tonnes.
Author:Anna Larionova
Tags:PET bottles, PET films, PET preforms, Polyplex.
Category:General News
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