Ref.No.IVL008/10/2011

18 October 2011

President
The Stock Exchange of Thailand

Subject: Establishment of New Subsidiary Company

Indorama Ventures Public Company Limited ("IVL") formed a new wholly owned
indirect subsidiary in Indonesia. The details of the new subsidiary are as
below:

1. Company Name: PT Indorama Polychem Indonesia
2. Initial Registered Capital: USD 30 million
3. Type of Business: Manufacture of Continuous Polymerization Resin with
a name plate capacity of 313,000 Mts.


Please be informed accordingly.

Yours faithfully,



(Mr. Souvik Roy Chowdhury)
Company Secretary
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