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Polyplex was incorporated in 1984 and commenced commercial operations with its first Film line of 4000 TPA in May 1988, which was subsequently increased to 6000 TPA. With its operations stabilizing, by the mid 90's, Polyplex was able to emerge as one of the most profitable producers of Polyester Film in India. Polyplex undertook an expansion in film capacity by adding another film line of 9000 TPA in March 1996. It also integrated backward into the manufacture of Polyester Chips meant for captive consumption, and commenced production in March 1997. While mirroring industry trends, the Company's financial performance has been consistently better than the industry, resulting from the Company's focus on Polyester Films, its strategic understanding of the PET Film market and operational efficiencies. Initiatives such as TPM, BPR and implementation of ERP have lead to sustained improvements in productivity. A turnaround in market conditions since mid-2000 has seen a significant improvement in the profitability of the company operations, thus creating conditions for further growth. Polyplex is one of India's leading manufacturers and exporters of Biaxially Oriented Polyester (BOPET) Film for packaging, electrical and other industrial applications. With its headquarters in Noida, adjoining New Delhi the Company has two PET Film manufacturing facilities- one located in Khatima in the state of Uttaranchal, India and another at Rayong province, Thailand (owned and operated by Polyplex (Thailand) Public Company Ltd., its wholly-owned subsidiary). As a part of they expansion plans, the company is in the process of setting up a new PET film manufacturing plant in Turkey to service the European, Middle-East and CIS markets.
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