INTRODUCTION

Polyplex (Thailand) Plc (PTL), a subsidiary of Polyplex Corporation Ltd. (PCL), India, is Thailand's leading manufacturer and exporter of Biaxially Oriented Polyester (BOPET) Film. The Company has two PET Film lines at its plant in Rayong province, Thailand. The Company has also commenced operations in its captive PET Chips facility. The Installation of Metalliser for making value added film with vacuum depositions is under process and shall commence commercial production in June 2005.

With the expansion in Thailand, Polyplex Group has emerged as an important and profitable player in the Polyester Film business at a global level. PTL's products have gained wide acceptance in the International markets, such as USA, Europe, South-East Asia, South America and Australia, where the Company has been exporting a substantial part of its production. PTL is focusing on supplying to the fast growing Packaging, Industrial and Electrical PET Film applications.

PTL's operations, which commenced in April 2003, are marked by its high productivity, low capital and operating costs translating into high profitability and return on capital employed.

The Company has a dynamic workforce of about 243 employees in Thailand.

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