“TPT recorded a net profit of Baht 1,283 million in 2009 and Baht 547 million in the first half of 2010,” said Mr. Aloke Lohia, Group CEO of Indorama Ventures Public Company Limited upon the conclusion of the deal. “The acquisition of the remaining shares up to 99.9% will be value accretive to IVL’s consolidated bottom line and also provide us with greater flexibility over the management of the company.”
TPT produces purified terephthalic acid, or PTA, an essential feedstock used in the manufacture of polyethylene terephthalate, or PET, and Polyester fibers and yarns. Situated in Rayong Province, Thailand, TPT owns and operates a 540,000 metric ton per annum PTA plant with its own 55 MW power plant.
Issued by : Indorama Ventures Public Company Limited
For further information : Richard Jones
Indorama Ventures Public Company Limited
Tel. 0 2661 6661 ext. 680
Email: [email protected]