Proplastics, a leading pipes and fittings manufacturer, has reported a steady growth in its performance for the first quarter of 2026, despite facing economic challenges. The company’s sales volumes rose to 1,861 tons, a 35% year-on-year increase, driven by projects across the country and the region.
The ongoing geopolitical conflict in the Middle East has disrupted the supply chain for PVC resin, a key raw material, leading to increased prices. Additionally, fuel prices have risen, exerting inflationary pressure on the economy. However, the company’s production volumes were up 22%, supporting order fulfillment and replenishment of fast-moving inventory.
The company’s growth is aligned with the government’s efforts to ease licenses and promote local manufacturing. The government has implemented measures to support local production of PVC pipes, including tax breaks, subsidies, and preferential procurement policies.
Proplastics is actively pursuing opportunities in the irrigation and civils segments, while consolidating key merchant and mining accounts. The company expects a significant improvement in exports, driven by its enhanced production facility. Despite raw material and fuel pricing uncertainty, the second quarter outlook remains positive.
