Polyplex plans to build new PET resin production plant in India

Business News Agency June 20th Polyplex, a polyester film manufacturer in India, is planning to invest 150 million U.S. dollars to build a new 600,000-ton/year polyethylene terephthalate (PET) resin production facility in Turkey. The device will be started in June and will be constructed in two phases. The first phase will be completed in the first quarter of 2013 and the second phase will be completed in 2016.

70%-80% of PET resin produced by this device will be exported to European and American markets. Polyplex currently operates a polyester film plant in Turkey.

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