Polyplex Thailand has announced plans to invest $202m in Thailand and the US in the next two years in order to further grow in the North American region.

The US investments, expected to be completed in the fiscal year of 2013/14, include PET thin film line and a PET resin line.

Polyplex said in a statement that the investment aims to capture the growth potential in the North American region and will further diversify the company’s manufacturing base in Thailand.

In Thailand, the company is working to complete a silicone coating line in 2012/13 and a PET thick film line and polypropylene blown film line in 2013/14 respectively.

Polyplex forecasts an annual growth of 8-10% in product demand.