ข่าวแจ้งตลาดหลักทรัพย์
01 มิถุนายน 2555
Notification on the Investment in NatureWorks LLC
(Translation)
No. 01-417/2012
June 1, 2012
Subject: Notification on the Investment in NatureWorks LLC
To: President
The Stock Exchange of Thailand
On October 12, 2011, PTTGC International (USA) Inc. ("PTTGC USA"), which is a
100% owned company by PTT Chemical International Private Limited (a wholly-owned
subsidiary of PTT Chemical Public Company Limited ("PTTCH")), had signed a
membership interest purchase agreement with NatureWorks LLC ("NatureWorks") to
purchase 50% stake in NatureWorks. Moreover, on October 19, 2011, PTTCH
amalgamated with PTT Aromatics and Refining Public Company Limited ("PTTAR") and
formed PTT Global Chemical Public Company Limited ("the Company") and, hereby,
assumed all rights, duties and obligations from both PTTCH and PTTAR.
The Company would like to notify the investment progress that, on May 31, 2012,
the Company has completed the investment transaction for 50% stake in
NatureWorks in the amount of USD 150 million or approximately Baht 4,572
million, where this investment is in accordance with the Company's strategies.
NatureWorks is a biopolymer company producing PLA (Poly Lactic Acid) based in
the United States, with an approximate annual capacity of 140,000 tons. In
addition, NatureWorks is a company that can commercially produce PLA, a
biodegradable polymer, offering low carbon footprint, and has the properties
comparable with petrochemical based polymers and fibers. IngeoTM is a
registered trademark of NatureWorks' PLA bioplastic products.
The transaction is not a connected transaction and the size of the transaction
is exempted from being disclosed under the rule, procedures and disclosure of
information concerning the acquisition and disposition of assets of listed
companies
Please be informed accordingly.
Yours sincerely,
(Mr. Anon Sirisaengtaksin)
Chief Executive Officer
Corporate Finance and Investor Relations
Tel. +66 (0) 2 265 8421, +66(0) 2 265 8574, +66 (0) 2 140 8712-14
______________________________________________________________________
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