We are pleased to inform you that the Board of Directors of Polyplex (Thailand) Public Company Limited, Thailand (PTL), a subsidiary of the Company in which our Company has 51% stake in equity share capital, have decided to set up a greenfield PET Film Line project of a capacity of 44,000 TPA alongwith upstream resin line and downstream coating plant, in Indonesia at an estimated cost of USD 95 Million (including Working Capital of USD 15 Million).
Above project would be implemented in a subsidiary/ step down subsidiary of PTL.
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