Microsoft Word - SET Disclsoure_Polyplex Turkey_EN


Ref.No.IVL 003/01/2015
8 January 2015
President
The Stock Exchange of Thailand

Subject: Acquisition of 100 percent stake in Polyplex Resins San. ve Tic. A.S, Turkey
Indorama Ventures Public Company Limited ("IVL") would like to inform that Indorama Netherlands B.V., a 100% owned subsidiary of IVL has signed a share purchase agreement to acquire 100% equity stake of Polyplex Resins San. ve Tic. A.S, Turkey (Polyplex Turkey) from Polyplex Europa Polyester Film San. ve Tic. A.S, Turkey, a 100% owned subsidiary of Polyplex (Thailand) Pcl., and Polyplex (Asia) Pte Limited, Singapore.
Polyplex Turkey owns a newly set-up greenfield PET plant with a planned capacity of 252,000 tons per annum located at Corlu, close to Istanbul, Turkey. Following the acquisition of the 130,000 tons per annum Artenius Turkpet PET plant (now renamed Indorama Ventures Adana PET) in the second quarter of 2014, IVL will have a combined PET capacity in Turkey of 382,000 Mts. The plants will serve the growing markets of Turkey and South East Europe.
Under our European strategy, the acquisition will help to strengthen IVL's leadership in Greater Europe while broadening access not only to traditional North European markets but the emerging markets of South East Europe.
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 and the total size of transactions in the past 6 months is also less than 15 percent. Therefore, this transaction is not subject to disclose as per the regulation concerning the acquisition and disposal of assets of listed companies 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 in the first quarter of 2015. Please be informed accordingly.
Yours faithfully,
(Mr. Souvik Roy Chowdhury) Company Secretary

INDORAMA VENTURES PUBLIC COMPANY LIMITED

75/102 Ocean Tower 2, 37th Floor, Asoke Road, Klongtoey Nuer, Wattana, Bangkok 10110, Thailand

Tel. 02-661-6661 Fax. 02-661-6664 www.indoramaventures.com

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