25 March 2010
The Stock Exchange of Thailand
Subject: Signing of agreement for acquisition of PTA and PET assets in South
IVL would like to announce that it will be forming a 50:50 Joint Venture
Company with PCH Holding S.R.L. (PCH) in Europe for the acquisition of
manufacturing assets of a PTA and PET business in Italy, Europe.
IVL has signed a definitive agreement along with its joint venture partner,
PCH to acquire the PTA and PET assets in Italy belonging to Equipolymers (a
joint venture between the Dow Chemical Company and Petroleum Industries
Company of Kuwait) on 24 March, 2010 which is subject to usual regulatory
approvals. The transaction is expected to be completed by the end of May 2010.
We will keep you updated on the details of said Joint Venture and the
acquisition of the PTA/PET assets upon completion.
Please be informed accordingly.
(Mr. Souvik Roy Chowdhury)