Photo Release: HSBC SUPPORTS INDORAMA VENTURES’ ACQUISITION OF 100% OF THE PTA BUSINESS OF CEPSA CHIMIE MONTREAL WITH USD 100M TERM LOAN

Tuesday 23 June 2015 16:38
HSBC provides a USD100m term loan to Indorama Ventures Public Company Limited (IVL), a world-leading producer of intermediate petrochemicals to support its acquisition of a 100% stake in the PTA business of CEPSA Chimie Montréal s.e.c in Montreal, Canada from Cepsa Química SA, wholly-owned affiliate of Cepsa, and IQ CHIMIE INC., a subsidiary of Investissement Québec. The 600,000 tonne PTA plant will provide Indorama Ventures with feedstock security to better serve its customers and an enhanced leadership position in North America.

HSBC Thailand and Indorama Ventures Public Company Limited (IVL) recently celebrated its successful business cooperation Mr Aloke Lohia (2nd left), Group CEO, Mr Dilip Kumar Agarwal, CEO of PET and Feedstock with Ms Siew Meng Tan (2nd right), Chief Executive Officer and Mr Krisda Phatcharoen (far right), Head of Commercial Banking, HSBC Thailand.