Jindal Poly Films is reportedly in advanced negotiations to acquire the European operations of DuPont Teijin Films (DTF) for Rs 2,000 crore ($300 million). DTF was established in 2000 as a 50:50 global alliance combining the polyester film interests of DuPont and Japan’s Teijin. The business includes existing joint ventures with DuPont-Hongji Films Foshan Co in China. The joint venture has businesses in Europe, Indonesia and Japan. The European arm has a global footprint, including plants in China, Europe and the US.
Jindal Poly Films is a part of the diversified B C Jindal group. The group has interests in flexible packaging, photographic products, thermal power generation and steel products. JPFL has the world’s single largest site for production of BOPP and BOPET films at Nasik, India.