Expansion

Indorama: Acquisition of PET recycling facility in Brazil

| Business function | Indorama Ventures | Bangkok | Thailand

Indorama Ventures would like to inform that it has, through its indirect subsidiary Indorama Ventures Polimeros S.A.,acquired 100% equity stake of AG Resinas Ltda.(“AG Resinas”), a limited liability company incorporated under the laws of Braziland completedthe transaction on June 8, 2020.

AG Resinas is a PET recycling facility in Juiz de Fora, Braziland processespost-consumer PET into Recycled Polyethylene Terephthalate (rPET) flakes and pellets with a combined capacity of approx. 9,000 tonnes/annum.The facility is close proximity to a large supply of recovered PET bottles, bringing benefits through logistics advantage.

This acquisition is strategically in-line with the IVL’s long-term sustainability objectivesand will complement IVL’sPET business in Braziland provide a unique opportunity to create an immediate recycling presence with further expansion opportunity.

The value of the above acquisition, calculated in accordance with the regulations of the Capital Market Supervisory Board and the Stock Exchange of Thailand, as prescribed by the regulations of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 (as amended), is less than 15 percent and the total size of all transactions in the past 6 months also does not exceed the 15 percent threshold limits as prescribed in the regulations.

www.indoramaventures.com

 






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