Polyplex (USA), a step-down subsidiary of Polyplex (NSE:POLYPLEX, BOM:524051) has started trial runs for a new BOPET thin film line and an expanded PET resin plant, according to an Indian bourse filing on Friday.
The new thin film line adds 50,000 MT per annum capacity, bringing total US capacity to 81,000 MT while debottlenecking efforts have increased PET resin capacity to 86,000 MT from 58,000 MT, the filing said.
Commercial production is set to begin in the coming days, the company said.
The $124 million investment was funded through internal accruals and borrowings, according to the filing.
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