Reports to the Stock Exchange
Acquisition of PET Resin Assets in Indonesia
Acquisition and disposition of assets
Ref.No.IVL001/03/2012
6 March 2012
President
The Stock Exchange of Thailand
Subject: Acquisition of PET Resin Assets in Indonesia
Indorama Ventures Public Company Limited ("IVL") is pleased to announce the 100%
acquisition of the PET resin assets of PT Polypet Karyapersada. The PET
facility is located at Cilegon, Indonesia with a production capacity of 100,800
tons per annum.
In this regard, the Company has signed a definitive Asset Purchase Agreement
with the Seller on 5 March 2012. The transaction is expected to be completed in
the first quarter of 2012 subject to the required local regulatory approvals.
PT Polypet Karyapersada is located adjacent to IVL's joint venture PTA assets of
PT Indorama Petrochemicals (formerly known as PT Polyprima Karyareksa), a PTA
producer and will provide IVL the opportunity to further consolidate its
foothold in expanding Indonesian PET market.
The assets will be held by a new IVL, indirect subsidiary, PT. Indorama Polypet
Indonesia.
The value of the assets acquisition, calculated in accordance with the
regulation of the Capital Market Supervisory Board and the Stock Exchange of
Thailand, is less than 15 percent as prescribed by the regulation of the Stock
Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed
Companies Concerning the Acquisition and Disposition of Assets, 2004 (as
amended).
Please be informed accordingly.
Yours faithfully,
(Mr. Souvik Roy Chowdhury)
Company Secretary
______________________________________________________________________
This announcement was prepared and disseminated by listed company or issuer
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only. The Stock Exchange of Thailand has no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases. In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.
Ref.No.IVL001/03/2012
6 March 2012
President
The Stock Exchange of Thailand
Subject: Acquisition of PET Resin Assets in Indonesia
Indorama Ventures Public Company Limited ("IVL") is pleased to announce the 100%
acquisition of the PET resin assets of PT Polypet Karyapersada. The PET
facility is located at Cilegon, Indonesia with a production capacity of 100,800
tons per annum.
In this regard, the Company has signed a definitive Asset Purchase Agreement
with the Seller on 5 March 2012. The transaction is expected to be completed in
the first quarter of 2012 subject to the required local regulatory approvals.
PT Polypet Karyapersada is located adjacent to IVL's joint venture PTA assets of
PT Indorama Petrochemicals (formerly known as PT Polyprima Karyareksa), a PTA
producer and will provide IVL the opportunity to further consolidate its
foothold in expanding Indonesian PET market.
The assets will be held by a new IVL, indirect subsidiary, PT. Indorama Polypet
Indonesia.
The value of the assets acquisition, calculated in accordance with the
regulation of the Capital Market Supervisory Board and the Stock Exchange of
Thailand, is less than 15 percent as prescribed by the regulation of the Stock
Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed
Companies Concerning the Acquisition and Disposition of Assets, 2004 (as
amended).
Please be informed accordingly.
Yours faithfully,
(Mr. Souvik Roy Chowdhury)
Company Secretary
______________________________________________________________________
This announcement was prepared and disseminated by listed company or issuer
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only. The Stock Exchange of Thailand has no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases. In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.