THE PACKAGING THAT WENT WRONG: MAJOR PLAYERS IN POLYESTER FILMS

Article Abstract:

Jindal Polyester is a major player in the polyester films segment with an installed capacity of 16,000 tonnes per annum. (khr) --------------------------------------------------------- Polyester Films - Major Companies (in tonnes per annum) --------------------------------------------------------- Company Capacity Local sales Exports --------------------------------------------------------- Garware Polyester 41000 7000 15600 --------------------------------------------------------- Flex Industries 23000 6000 12000 --------------------------------------------------------- Ester Industries 18000 4200 3600 --------------------------------------------------------- Polyplex 15000 5700 6600 --------------------------------------------------------- Jindal Polyester 16000 2400 3400 --------------------------------------------------------- MTZ 12000 1800 - --------------------------------------------------------- SRF 4000 1500 - --------------------------------------------------------- Total 131400 31800 41400 ---------------------------------------------------------

Comment:

Is a major player in the polyester films segment with an installed capacity of 16,000 tonnes per annum

Capacity, Unsupported Plastics Film and Sheet (except Packaging) Manufacturing, Polyester Film, Jindal Polyester

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THE PACKAGING THAT WENT WRONG: FLEX INDUSTRIES

Article Abstract:

Flex Industries has got into a debt burden of over Rs400 crore due to its investments to get into production of BOPP and polyester films. It showed a net loss of over Rs42 crore on a turnover of Rs434.8 crore in the year ended June 1998 against a profit of Rs22 crore on a turnover of Rs430.9 crore in the year ended June 1997. The economic slowdown and the recession has also restricted the company's growth to just one percent over the last one year. The company's plans to substitute high cost debt with a $90 million external commercial borrowing has also not materialised. (khr)

Comment:

Posts net loss of over Rs42 crore on turnover of Rs434.8 crore in yr ended 6/98 vs profit of Rs22 crore in yr ended 6/97

Sales, profits & dividends, Plastic Film, Unsupported Plastics Film, Sheet, and Bag Manufacturing, Plastic films, Flex Industries

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