Reports to the Stock Exchange
Completion of the Acquisition of PET Resin Assets in Indonesia
Acquisition and disposition of assets
Ref.No. IVL 001/08/2012
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10 August 2012
President
The Stock Exchange of Thailand
Subject: Completion of the Acquisition of PET Resin Assets in Indonesia
With reference to the disclosure made by Indorama Ventures Public Company
Limited ("IVL") on March 6, 2012 regarding the acquisition of PET resin assets
of PT. Polypet Karyapersada with a capacity of 100,800 tons per annum at
Cilegon, Indonesia, IVL is pleased to inform the completion of the said PET
resin assets acquisition through its wholly owned subsidiary, PT.Indorama
Polypet Indonesia on August 09, 2012.
The acquisition of these PET resin assets creates synergies including lowering
the cost of both plants through shared services and logistic savings due to it
being co-sited with our joint venture PTA plant, PT. Indorama Petrochemicals.
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. IVL 001/08/2012
??????????????
10 August 2012
President
The Stock Exchange of Thailand
Subject: Completion of the Acquisition of PET Resin Assets in Indonesia
With reference to the disclosure made by Indorama Ventures Public Company
Limited ("IVL") on March 6, 2012 regarding the acquisition of PET resin assets
of PT. Polypet Karyapersada with a capacity of 100,800 tons per annum at
Cilegon, Indonesia, IVL is pleased to inform the completion of the said PET
resin assets acquisition through its wholly owned subsidiary, PT.Indorama
Polypet Indonesia on August 09, 2012.
The acquisition of these PET resin assets creates synergies including lowering
the cost of both plants through shared services and logistic savings due to it
being co-sited with our joint venture PTA plant, PT. Indorama Petrochemicals.
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.