Reports to the Stock Exchange
Acquisition of 80 percent equity of PHP Fibers GmbH and its subsidiaries
Acquisition and disposition of assets
Ref.No.IVL001/02/2014
3 February 2014
President
The Stock Exchange of Thailand
Subject: Acquisition of 80 percent equity of PHP Fibers GmbH and its
subsidiaries
Indorama Ventures Public Company Limited ("IVL") is pleased to announce the
acquisition of PHP Fibers GmbH and its subsidiaries ("PHP"). IVL will hold 80%
of PHP while the remaining 20% will be held by Toyobo Co., Ltd., a leading
Japanese manufacturer of high function products, including among others,
automotive products.
PHP is a globally-recognized manufacturer of branded high-tenacity polyamide and
polyester filament yarns and is one of the leading suppliers in Europe for the
automotive safety supply chain. PHP Group production facilities are located in
USA, Europe and China.
This acquisition of PHP significantly enhances the Company's High Value Add
(HVA) product portfolio with the addition of high performance automotive and
industrial products.
The value of the acquisition, calculated in accordance with the regulations 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).
The transaction is expected to be completed within Q1, 2014 subject to the
regulatory approvals
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.IVL001/02/2014
3 February 2014
President
The Stock Exchange of Thailand
Subject: Acquisition of 80 percent equity of PHP Fibers GmbH and its
subsidiaries
Indorama Ventures Public Company Limited ("IVL") is pleased to announce the
acquisition of PHP Fibers GmbH and its subsidiaries ("PHP"). IVL will hold 80%
of PHP while the remaining 20% will be held by Toyobo Co., Ltd., a leading
Japanese manufacturer of high function products, including among others,
automotive products.
PHP is a globally-recognized manufacturer of branded high-tenacity polyamide and
polyester filament yarns and is one of the leading suppliers in Europe for the
automotive safety supply chain. PHP Group production facilities are located in
USA, Europe and China.
This acquisition of PHP significantly enhances the Company's High Value Add
(HVA) product portfolio with the addition of high performance automotive and
industrial products.
The value of the acquisition, calculated in accordance with the regulations 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).
The transaction is expected to be completed within Q1, 2014 subject to the
regulatory approvals
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.