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EXIM Thailand Finances Polyplex Group’s Construction of New PET Film Plant in Indonesia
Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand (EXIM Thailand), jointly with Mr. Pranay Kothari, Group CEO of Polyplex Group, signed a financial facility agreement worth 55 million US dollars, committing EXIM Thailand to support the construction of a new PET film plant of PT. Polyplex Films Indonesia Co., Ltd., a subsidiary of Polyplex Group. The new plant, located in Indonesia with a production capacity of 44,000 tons/year, was established to meet greater demand for PET film in ASEAN’s largest market and will export its products to other countries such as South Korea, the US and the EU, September 5, 2018.
