11 May 2015
DETAILS
Indorama Ventures Public Company Limited (IVL),
is pleased to announce that is has successfully concluded
the acquisition of Bangkok Polyester PCL in Rayong, Thailand.
The acquisition raises Indorama Ventures PET capacity share
in Thailand from 43% to 58%.
Bangkok Polyester is a significant exporter of PET to Japan,
which is currently the world’s largest importer of PET, and
enjoys zero import duties from Thailand.
The acquisition will increase the Indorama Ventures’ market share
in an important regional territory.
The acquisition of Bangkok Polyester is in line with
the Company’s strategy of vertical integration
as it is located close to the Company’s PTA facilities in Rayong
and therefore improves the overall cost synergies and
supply chain of the Company.
Aloke Lohia,
Indorama Ventures Group CEO
“This acquisition is of significant synergistic value to us and
will further allow us to work even more closely with customers
in Thailand and in Japan.
Our multiple sites in Thailand as well as in the region
with a full portfolio of regular and differentiated PET
offers us a unique positioning and superior risk mitigation.
I can assure all our customers that
they can expect to continue receiving
the highest quality of service and reliability.
“Our continued investment into Thailand reflects
our commitment to the Thai economy and local employment.
We are inheriting a highly professional team and
we look forward tremendously to welcoming them onboard,”
“As part of a truly global company, the team can expect to get
more growth opportunities and develop
both personally and professionally.”
WWW.CHEMWINFO.COM BY KHUN PHICHAI
