Growth Story

Since inception in 2002, PTL has grown from a single-line facility into more than half a billion dollar turnover multinational, with manufacturing and distribution facilities in India, South East Asia, Europe and the Americas and China.

The Company’s model of expansion has helped move closer to its regional markets to deliver more efficiently and cost-effectively to its customers. Our fully integrated green-field film lines with upstream resin plants and downstream metallizers and other offline coating capabilities ensure cost-competitiveness, environmental friendly besides bringing the advantages of a single-point supply for a portfolio of film products to our customers. We have a unique model of on-shore, off-shore and near-shore business locations which complement our focus on customer relationship, access & intimacy.



Having begun with a single PET thin film line in 2003, PTL doubled its capacity in the same year by adding the second thin PET film line with a similar capacity and followed it up in 2004/2005 with the commissioning of a batch-process resin plant and a continuous-process resin plant, thereby making it completely self-sufficient in PET resin. In its first foray into the thick PET film segment in 2013, PTL has set up a Thick PET film line and batch resin plant in Rayong, Thailand adjacent to its existing facility with an annual capacity of 28,800 MT for the film plant and 28,000 MT for the resin plant.


In 2005, PTL extended its manufacturing footprint into Turkey, moving closer to the European and Mediterranean markets and firmly establishing Polyplex as a global company. Through its subsidiary Polyplex Europa (PE), a facility was set up in the European Free Zone at Çorlu, Turkey.

PE began with a thin PET film line with a capacity of 29,000 tons per annum and in 2006, a continuous process PET resin plant was added for meeting its captive requirements. Two co-generation power plants of 4 megawatts each were installed to provide greater power security for the facility. In 2008, a second thin PET film line with a capacity of 29,000 tons per annum was commissioned, taking the total capacity to 58,000 tons per annum of base thin PET film.

In September 2013, PE incorporated a 100% owned distribution subsidiary in Turkey by the name of POLYPLEX PAKETLEME ÇÖZÜMLERİ SANAYİ VE TİCARET ANONİM ŞİRKETİ to facilitate better market reach in local the Turkish market.


Americas accounts for about 12% of the world’s consumption of thin PET film and has, since the 90’s, been a significant market for Polyplex group. In 2006, PTL acquired a distribution company in USA and renamed it as Polyplex (Americas), Inc. (PA). In view of the growing American market demand and the absence of new PET film capacity, PTL decided to invest in a manufacturing facility in the USA in 2011. Polyplex USA LLC (PUL) a wholly owned subsidiary of PTL has been incorporated and a green-field facility comprising a thin PET film line was started in April 2013 in Decatur, Alabama (followed by the PET Resin plant in July 2014). In July 2012, Polyplex has acquired some metallizing assets located at Austell, Georgia and have relocated most of these assets to Decatur, Alabama while some had been shifted to other group locations.


In 2009, addressing the strategic need to establish a long-term presence in the fast growing Chinese market, PTL incorporated Polyplex Trading (Shenzhen) Co. Ltd. as a distribution entity in China.


In April 2013, Polyplex expanded its market presence in the EU by setting up a wholly-owned distribution company in the Netherlands named Polyplex Europe B.V. The distribution entity is fully owned by Polyplex (Thailand) Public Company Limited (PTL).


In October 2017, a new Company has been incorporated in Indonesia by the name of "PT Polyplex Films Indonesia" as a wholly-owned subsidiary of Polyplex (Thailand) Public Company Limited. This manufacturing location will cater mainly to the domestic market in Indonesia and also the regional / other export markets.


In an effort to promote PTL to be a single-point supplier of a wider range of packaging films, in 2010, we diversified our product portfolio to include Cast Polypropylene (CPP) film line with a capacity of 10,000 tons per annum, at the Rayong facility in Thailand. This was followed by commissioning of two Blown PP film lines in Oct' 2013 and June’2018 respectively at Rayong, Thailand with the total annual capacity of 8,845 tonnes

The Company has recently announced a new BOPP line adjacent to the PET film line in Indonesia which would help diversify the product offering and help mitigate challenges posed by concerns surrounding sustainability and provides an opportunity for the Company to grow in a familiar industry. The stated capacity of BOPP film plant is about 60,000 TPA. It is expected to be commissioned in H1 2021-22.


Innovating to simplify product sourcing, improve services and reduce costs for our customers, PTL has continuously added downstream facilities to offer an expanded product portfolio that includes Metallized films, Siliconized Release Liners, Holography films, Transfer Metallized Paper, Extrusion Coated films and offline Chemically Coated films.

PTL and its subsidiaries have a metallizing capacity of about 54,900 MT pa, with multiple metallizers at all its manufacturing locations. The metallizer in Indonesia (green field expansion) is expected to commence commercial operations in September 2019.

To deliver similar benefits to the Pressure Sensitive Adhesive industry, a state-of-the-art silicone coating line with an annual capacity of 500 million sq. meters for the production of sophisticated Siliconised Polyester Release Liners/ PP Liners was commissioned at Rayong in 2011. Another Siliconized film line with an annual capacity of 50 million sqm has been commissioned in Rayong in Q2 2019-20.

In April 2008, an Extrusion Coating line with an annual capacity of 150 million sq. meters for the production of Thermal Lamination film was commissioned at Rayong, Thailand. Subsequently, a second extrusion coating line in Rayong with an annual capacity of 215 million sq. meters was commissioned at Rayong, Thailand, in June 2013.


With the objective of enhancing its Product Portfolio, Company commissioned an offline coating line in Turkey in Q4 FY 2013-14 and another project for Offline coater is underway in Thailand.


Polyplex has set up a recycling unit in Thailand with a capacity of 3000 MT per annum in order to provide sustainable solution for film based process waste. This facility was further expanded in FY 2018-19.

It’s been an exciting journey, and Polyplex has come a long way, moving swiftly and dynamically in step with the needs of a new and changing world.