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.
