Reports to the Stock Exchange
Setting up of a SSP Plant in Nigeria
Ref.No. IVL 005/08/2010
11 August 2010
President
The Stock Exchange of Thailand
Subject: Setting up of a Solid State Polymerization (SSP) Plant in Nigeria
IVL is pleased to announce that its subsidiary Indorama Polymers PCL (IRP)
will be setting up a 75,000 Mts. SSP plant at Port Harcourt, Nigeria through a
new wholly owned subsidiary.
This is the first PET investment of IVL in Africa and thus establishing its
foothold in the 450,000 Mts. PET market of Africa which currently has only one
PET producer.
The plant is expected to commercially start operation in Q3/2011.
Please be informed accordingly
Yours faithfully,
(Mr. Souvik Roy Chowdhury)
Company Secretary
11 August 2010
President
The Stock Exchange of Thailand
Subject: Setting up of a Solid State Polymerization (SSP) Plant in Nigeria
IVL is pleased to announce that its subsidiary Indorama Polymers PCL (IRP)
will be setting up a 75,000 Mts. SSP plant at Port Harcourt, Nigeria through a
new wholly owned subsidiary.
This is the first PET investment of IVL in Africa and thus establishing its
foothold in the 450,000 Mts. PET market of Africa which currently has only one
PET producer.
The plant is expected to commercially start operation in Q3/2011.
Please be informed accordingly
Yours faithfully,
(Mr. Souvik Roy Chowdhury)
Company Secretary