Reports to the Stock Exchange
Expansion of PTA (Purified Terephthalic Acid) Capacity in Rotterdam
Ref.No.IVL009/05/2011
18 May 2011
President
The Stock Exchange of Thailand
Subject: Expansion of PTA (Purified Terephthalic Acid) Capacity in
Rotterdam
The Board of Directors of Indorama Ventures PCL at their meeting dated 18 May
2011, has approved a Brownfield expansion of PTA production at its existing
facility of Indorama Holdings Rotterdam B.V.(IRHR) with a capacity increase of
250,000 tons per annum. This expansion is expected to be completed in 2014 and
will take IRHR total capacity to 600,000 tons per annum and IVL's total PTA
capacity in Europe to 792,000 tons per annum. IVL's second PTA plant at Ottana,
Italy has a capacity of 192,000 tons per annum.
The decision to approve the expansion is motivated by the supply/demand dynamics
within EU and to continue to deliver value to IVL customers by using the most
efficient and sustainable business model.
Please be informed accordingly
Yours faithfully,
(Mr. Souvik Roy Chowdhury)
Company Secretary
______________________________________________________________________
18 May 2011
President
The Stock Exchange of Thailand
Subject: Expansion of PTA (Purified Terephthalic Acid) Capacity in
Rotterdam
The Board of Directors of Indorama Ventures PCL at their meeting dated 18 May
2011, has approved a Brownfield expansion of PTA production at its existing
facility of Indorama Holdings Rotterdam B.V.(IRHR) with a capacity increase of
250,000 tons per annum. This expansion is expected to be completed in 2014 and
will take IRHR total capacity to 600,000 tons per annum and IVL's total PTA
capacity in Europe to 792,000 tons per annum. IVL's second PTA plant at Ottana,
Italy has a capacity of 192,000 tons per annum.
The decision to approve the expansion is motivated by the supply/demand dynamics
within EU and to continue to deliver value to IVL customers by using the most
efficient and sustainable business model.
Please be informed accordingly
Yours faithfully,
(Mr. Souvik Roy Chowdhury)
Company Secretary
______________________________________________________________________