Reports to the Stock Exchange
Report on the Completion of the Acquisition of Trevira GmbH in Europe
Ref.No. IVL 001/07/2011
4 July, 2011
President
The Stock Exchange of Thailand
Subject: Report on the Completion of the Acquisition of Trevira GmbH in Europe
With reference to the disclosure made by Indorama Ventures Public Company
Limited ("IVL") on February 7, 2011, regarding the acquisition of the Polyester
Staple Fiber and Specialty Filament business of Trevira GmbH by IVL and
Sinterama S.p.A. of Italy. IVL would like to inform that the Joint Venture
partners have completed all the closing formalities and have taken charge of the
plant, effective as of July 01, 2011. The new joint venture entity (75 % -IVL:
25%-Sinterama S.p.A.), Trevira Holdings GmbH will hold the businesses of Trevira
GmbH having its operations in Germany and Poland. All regulatory approvals have
been received.
The acquisition of Trevira GmbH will facilitate the entry of IVL into the
branded specialist filament business and provide access to an outstanding
research and development facility with accompanying intellectual property.
Through both partners' global marketing and sales networks, customers will be
presented with a much deeper portfolio of value-added products and we will be
able to attract new customers seeking to benefit from the unique and
comprehensive branded product range.
Please be informed accordingly.
Yours faithfully,
(Mr. Ashok Jain)
Joint Vice President
______________________________________________________________________
4 July, 2011
President
The Stock Exchange of Thailand
Subject: Report on the Completion of the Acquisition of Trevira GmbH in Europe
With reference to the disclosure made by Indorama Ventures Public Company
Limited ("IVL") on February 7, 2011, regarding the acquisition of the Polyester
Staple Fiber and Specialty Filament business of Trevira GmbH by IVL and
Sinterama S.p.A. of Italy. IVL would like to inform that the Joint Venture
partners have completed all the closing formalities and have taken charge of the
plant, effective as of July 01, 2011. The new joint venture entity (75 % -IVL:
25%-Sinterama S.p.A.), Trevira Holdings GmbH will hold the businesses of Trevira
GmbH having its operations in Germany and Poland. All regulatory approvals have
been received.
The acquisition of Trevira GmbH will facilitate the entry of IVL into the
branded specialist filament business and provide access to an outstanding
research and development facility with accompanying intellectual property.
Through both partners' global marketing and sales networks, customers will be
presented with a much deeper portfolio of value-added products and we will be
able to attract new customers seeking to benefit from the unique and
comprehensive branded product range.
Please be informed accordingly.
Yours faithfully,
(Mr. Ashok Jain)
Joint Vice President
______________________________________________________________________