Supplier of thermoplastic compounds.
Polyram remains a global industrial platform with broad reach and diversified customers, but 2025 showed that the next leg of the story depends on restoring margins and tightening funding discipline, not on expansion headlines alone.
Bondyram remains Polyram's most important packaging growth engine, but 2025 showed that capacity, customer reach, and geographic footprint still have not translated back into the margin profile expected from a higher-value division.
Polyram passed its 2025 goodwill test, but the cushion is uneven: MCT and Lapo still have relatively wide room, while the market-based units, and especially Polyram itself, now require materially higher support from multiples and operating delivery to avoid reopening the impairm…
