BANGKOK, THAILAND, April 14, 2014-

Indorama Ventures Public Company Limited (IVL) has announced the acquisition of 51% of leading Polyester and PET producer SASA Polyester Sanayi A.Ş (SASA) in Turkey through its wholly-owned subsidiary Indorama Netherlands B.V. (IBV) from Hacı Ömer Sabancı Holding A.Ş. (Sabancı Holding). SASA is a publicly listed company on the Borsa Istanbul and IBV will be conducting a mandatory tender offer for the remaining 49% of SASA's share at Borsa Istanbul as per requirements of Turkish Capital Markets Legislation.

SASA incorporates integrated feedstock and polymer facilities producing DMT, staple fibers, filament yarns, PET, PBT polymers and specialty chemicals with a total plant capacity of 600,000 tons per annum. SASA supplies both Turkish and European markets with high quality, high value added products.

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