A new Company named “PT Polyplex Films Indonesia” has been incorporated in Indonesia on 11th October 2017 as a wholly owned subsidiary of Polyplex (Thailand) Public Company Limited. The Company is in the process of setting up a Green field PET Film Line with the capacity of 44,000 metric tons per annum along with upstream Resin Plant and downstream Metallizing Plant. The commercial production for the PET film line is expected to start in Q2 2019-20. It will be located in an industrial estate in Serang towards the west of Jakarta and will cater mainly to the domestic market in Indonesia and also the regional / other export markets.

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 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.