Polyplex

What Polyplex does

Polyplex is a publicly listed manufacturer of biaxially oriented polyester (BOPET) films and related plastic film substrates, holding the sixth largest global PET film capacity with manufacturing facilities in Thailand (Rayong), Turkey (Çorlu), the United States (Decatur, Alabama), and Indonesia (Serang). The group is controlled by Polyplex Corporation Limited (India) via its 51% stake in the listed entity Polyplex (Thailand) Public Company Limited (SET: PTL), and serves B2B industrial customers across flexible packaging, electrical insulation, industrial specialty (photovoltaic back sheets, window films, displays), printing and graphics, and pressure-sensitive adhesive release liners.

The product portfolio is organized under three brands: Sarafil (BOPET, BOPP, CPP, blown PP/PE films, and sustainable films), Saracote (silicone-coated release liners), and Saralam (thermal lamination films, including MegaBond digital-print and nylon-based variants). The group's vertically integrated operations include in-house PET resin plants, metallizing, extrusion coating, silicone coating, and Class 1000/10000 clean room capacity for super-clear films. Aggregate nameplate capacity is roughly 175,000 metric tons per annum, and the company has invested in chemical recycling for rPET films (up to 90% post-consumer recycled content) and biodegradable PET compliant with ASTM 5526/5511, alongside Bio PET (32% bio-based) and Eco PET (antimony-free) offerings.

The business model is direct B2B sales to industrial converters and brand owners on a quote-based pricing structure, with regional trading subsidiaries and liaison offices in India, China, Singapore, the Netherlands, South Korea, Malaysia, and Japan supporting customer service and order fulfillment. Revenue is generated through one-time product sales across the three brand families, with no disclosed subscription, licensing, or recurring pricing mechanics.

Name

Polyplex

Legal name

Polyplex (Thailand) Public Company Limited

Website

https://polyplexthailand.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Polyplex is the sixth-largest global PET film manufacturer, producing BOPET, BOPP, CPP, blown films, release liners, and thermal lamination films across plants in Thailand, Turkey, the USA, and Indonesia for B2B industrial customers in packaging, electrical, graphics, and adhesive applications.

Ownership category

akta.pro rank

Product category

Polyester Film Manufacturing

NAICS

Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112), Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing (326113), Plastics Packaging Materials and Unlaminated Film and Sheet Manufacturing (32611)

SIC

Unsupported Plastics Film & Sheet (3081), Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Polyester & Nylon Films (PET/BOPET, PA/BOPA) (IMALABAB)

akta.pro secondary industries

Polyolefin Films (PE/PP: Cast, Blown, BOPP) (IMALABAA), Plastic Films & Laminated Packaging Structures Manufacturing (IMANAEAD)

Keywords

• Polyester film manufacturing
• BOPET film production
• Flexible packaging films
• Thermal lamination films
• Silicone release liners

Headquarters

HQ city

Watthana

HQ country

Thailand

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. PET Film Sales: Manufacturing and sale of polyester films (thin and thick) for packaging, industrial, electrical, and graphic applications. Products include standard plain films and value-added films with offline coating and metallizing capabilities.
2. Specialty Film Sales: Sale of specialty films including BOPP, CPP, blown PP/PE films for various packaging and industrial applications. Includes sustainable films (bio-based, biodegradable, recycled content).
3. Thermal Lamination Films: Production and sale of thermal lamination films under Saralam brand including polyester, polypropylene, and nylon-based products for commercial printing and packaging.
4. Release Liner Products: Sale of silicone-coated release liners under Saracote brand for pressure sensitive adhesive applications, labels, and specialty uses.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Polyplex manufactures and sells a comprehensive range of polyester (PET) films and related plastic films, including BOPET, BOPP, CPP, and blown PP/PE films, as well as silicone-coated release liners and thermal lamination films. The company offers both standard plain films and value-added films with offline coating and metallizing capabilities for packaging, electrical, industrial, printing/graphics, and adhesive/label applications. Its products are sold under three primary brands: Sarafil (BOPET and other films), Saracote (release liners), and Saralam (thermal lamination films).

Product overview

Polyplex is a polyester film manufacturer with the sixth largest PET film capacity globally. The company offers a comprehensive portfolio organized into three main product brands: Sarafil (BOPET, BOPP, CPP, Blown Films, and Sustainable Films for packaging and industrial applications), Saracote (silicone-coated release liners for pressure sensitive adhesive applications including labels and specialty tapes), and Saralam (thermal lamination films including polyester, polypropylene, and nylon variants for graphic arts and packaging). The company operates manufacturing facilities in Thailand, India, Turkey, USA, China, and Indonesia, producing both standard plain films and value-added films with offline coating and metallizing capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Sarafil: BOPET films including thin films, thick films, metallized films, sustainable films
• Saracote
• Saralam

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

One partnership is on record.

• BOPET Films EuropeminorOthersPolyplex is a member of BOPET Films Europe, an industry association for polyester film manufacturers in Europe, providing market visibility and industry engagement.

Scale indicators10 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Mitsubishi Chemical (Mitsubishi Polyester Film): One of the world's largest BOPET film producers with global manufacturing footprint; competes head-to-head with Polyplex in thin and thick PET film for packaging, industrial, and electrical applications.
• Toray Industries (Toray Plastics): Major BOPET film manufacturer with a broad specialty film portfolio serving packaging, electronics, and industrial uses; directly comparable to Polyplex's Sarafil range in scale and product breadth.
• DuPont Teijin Films (Mylar Specialty Films): Joint venture between DuPont and Teijin producing polyester films for industrial, packaging, and specialty applications; a direct global PET film competitor to Polyplex.
• Kolon Industries: South Korean producer of BOPET films with significant global capacity serving packaging, electrical, and optical applications; competes with Polyplex across multiple PET film grades.
• SKC (SK Materials / SK bioscience materials): Korean BOPET film producer with substantial global manufacturing presence; competes directly with Polyplex in thin and thick PET film markets across packaging and industrial segments.
• Jindal Poly Films: Indian BOPET and BOPP film manufacturer with growing international footprint; competes with Polyplex in flexible packaging films and is a fellow Asia-based mid-tier global player.
• SRF Limited: Indian conglomerate with a sizable BOPET films business serving packaging and industrial customers globally; comparable to Polyplex in scale, product mix, and emerging-market manufacturing footprint.
• Uflex: India-based flexible packaging films manufacturer producing BOPET, BOPP, and CPP films; competes with Polyplex in flexible packaging grades across global markets.
• Cosmo Films: Indian BOPP and specialty film producer with growing PET capacity; overlaps with Polyplex in BOPP and CPP films and increasingly in specialty packaging films.
• Taghleef Industries: UAE-headquartered BOPP and CPP film producer with global manufacturing; competes with Polyplex's BOPP/CPP product lines in flexible packaging end markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Polyplex-EREMA-Line10-1874502056161883
• LinkedInlinkedin.com/company/polyplex-thailand-public-co-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Polyplex