Polyplex highlights global expansion, sustainable growth strategy

Polyplex Corporation Limited announced its 40th Annual General Meeting (AGM) was held on September 15, 2025. The company presented its strategic vision, highlighting its position as an integrated manufacturer of plastic film substrates with a global business model, serving approximately 2,735 customers across 86 countries. Key product segments, including thin and thick BOPET, Downstream BOPP, PET Resin, CPP/Blown, and Other films, generated FY25 revenues with thin PET at 51% and Downstream BOPP at 17%.

The company detailed investment plans, including a new BOPET Film Line in India with a capital cost of $57.6m, expected to start up in H2 FY 26-27. Other projects in India and overseas amount to $11.7m and $14.7m respectively, aiming to expand the product portfolio and increase the share of specialty films. Polyplex is ranked #2 globally (ex-China) in thin BOPET film capacity, emphasizing its operational efficiencies and cost management.

Polyplex also addressed the impact of US Reciprocal Tariffs on plain PET film, noting a total duty of 57.7% - 201.1% for India. The company anticipates a negative impact on short to medium-term margins for its distribution business but expects mitigation through local manufacturing in the US, where it is expanding capacity. Polyplex reaffirmed its commitment to sustainability, evidenced by its subsidiary Ecoblue's role in mechanical recycling and investments in renewable energy projects.