Polyplex (Thailand) Plc (PTL), the 51 per cent subsidiary of Polyplex India is proceeding with a 2.3-billion- Thai baht investment in thick-film production in a bid to add more value to its product lines.
Meanwhile, PTL this week reported the net profit for its fiscal third quarter ending Dec 31 rose by 450% year on-year to a record 1.43 billion baht.Vashistha: New film Sales revenue rose offers higher margins by 77.2% to 3.19 billion thanks to significant increases in selling prices and sales volumes. Sales revenue in the first nine months of the fiscal year increased to 2.61 billion baht for earnings per share of 3.26 baht,from 691 million baht for earnings per share of 86 satang in the same period of the previous year.
"We still think the market will continue to be tight in the PET thin-film industry and that prices will continue to remain at healthy levels for another few quarters," said Mr. Bansal.
The decision to invest in the new thick-film line is a long-term repositioning strategy aimed at diversifying PTL's base from competitive commodity segments in packaging and ensure wider product offerings for East Asia. In the longer run, the company may move into higher-end applications in electrical and electronic devices such as LCD/LED/ touchscreens and photovoltaic panels, as demand is growing.
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