World News and Views :: Top of the News
Indorama Buys Stake in PTA Producer in Indonesia
2:22 PM MDT | July 6, 2011 | Ian Young
Indorama Ventures Ltd. (IVL; Bangkok) has agreed to acquire a 50% stake in privately owned purified terephthalic acid (PTA) producer PT Polyprima Karyareksa (Jakarta) for an undisclosed amount. IVL's stake in Polyprima will decrease to 41% following a debt restructuring with Polyprima's creditors and an issue of new capital by Polyprima. A further 41% of Polyprima will be held by PT Indorama Synthetics (IRS; Jakarta), an Indorama group company. Other investors will hold the remaining 18%. IVL and IRS each plan to buy an additional 5% in Polyprima from these...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee