Exhibit 4.3

                          SECOND SUPPLEMENTAL INDENTURE

                           dated as of August 22, 2002

                                      among

                                Tekni-Plex, Inc.

                       TP/Elm Acquisition Subsidiary, Inc.

                                       and

                                  HSBC Bank USA
                                   as Trustee

                          ___________________________

                                     12 3/4%

                          Senior Subordinated Notes due
                                  June 15, 2010

         THIS SUPPLEMENTAL INDENTURE (this "SUPPLEMENTAL INDENTURE"), entered
into as of August 22, 2002, among Tekni-Plex, Inc., a Delaware corporation (the
"COMPANY"), TP/Elm Acquisition Subsidiary, Inc. ("TP/ELM"), and HSBC Bank USA,
as trustee (the "TRUSTEE").

                                    RECITALS

         WHEREAS, the Company, the Guarantors party thereto and the Trustee
entered into the Indenture, dated as of June 21, 2000 (the "INDENTURE"),
relating to the Company's 12 3/4% Senior Subordinated Notes due June 15, 2010
(the "NOTES");

         WHEREAS, as a condition to the Trustee entering into the Indenture and
the purchase of the Notes by the Holders, the Company agreed pursuant to the
Indenture to cause any newly acquired or created Domestic Restricted
Subsidiaries to provide Guaranties.

                                    AGREEMENT

         NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained and intending to be legally bound, the parties to this
Supplemental Indenture hereby agree as follows:

         SECTION 1. Capitalized terms used herein and not otherwise defined
herein are used as defined in the Indenture.

         SECTION 2. TP/Elm, by its execution of this Supplemental Indenture,
agrees to be a Guarantor under the Indenture and to be bound by the terms of the
Indenture applicable to Guarantors, including, but not limited to, Article 11
and Article 12 thereof.

         SECTION 3. This Supplemental Indenture shall be governed by and
construed in accordance with the laws of the State of New York.

         SECTION 4. This Supplemental Indenture may be signed in various
counterparts which together will constitute one and the same instrument.

         SECTION 5. This Supplemental Indenture is an amendment supplemental to
the Indenture and the Indenture and this Supplemental Indenture will henceforth
be read together.


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         SECTION 6. The Trustee makes no representation and shall have no
responsibility as to the validity of this Supplemental Indenture or the proper
authorization or the due execution hereof by the Company or TP/Elm.

         IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the date first above written.


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                            TEKNI-PLEX, INC., as Issuer


                            By: /s/ F. Patrick Smith
                                ________________________________
                              Name:  F. Patrick Smith
                              Title: Chief Executive Officer


                            TP/ELM ACQUISITION SUBSIDIARY, INC.


                            By: /s/ F. Patrick Smith
                                _________________________________
                              Name:  F. Patrick Smith
                              Title: Chief Executive Officer


                            HSBC BANK USA, as Trustee


                            By: /s/ Frank J. Godino
                                _________________________________
                              Name:  Frank J. Godino
                              Title: Vice President


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