Date – March 10, 2010

Reporters informed yesterday (March 9) that Indorama Venture Plc (IVL)’s stock price climbed up by 2.96% to 13.90 Baht, or a 0.40 Baht increase, with trading volume of 222.15 million Baht. The market opened with the IVL price at 13.50 Baht and the figure rise to the highest point of the day at 14.00 Baht, while the lowest point was 13.40 Baht.

IVL’s Chief Executive Officer Aloke Lohia said the company expects to conclude the deal of taking over or merging with an overseas petrochemical company in order to expand its business soon.

At the end of 2009, the company had cash flow worth around 2.6 billion Baht, while money from selling IPO’s stakes is around 4 billion Baht. It also has credit line from Siam Commercial Bank. He said money from those sources is enough to take over or merge with other companies according to its initial plan. He expects the company would take over or merge with at least 2 companies.

At present its Debt/Equity Ratio is 1.3 time, decreasing from 1.7 of last year or before it sold IPO’s stake. Meanwhile, its proportions of short-term debts are as follows: 15% of 1-to-3-year debts, 32% of 3-to-5-year debt; while proportion of over-5-year debt is 18%

He indicated that those figures reflected strong financial status and capability to gain more loans if it wants to expand business.

He added that this year the company expects its revenue to grow by 20% from 80 billion Baht of last year. The growth would stem from the present operation and new production capability that is expected to be completed within this year.

“The performance of the first quarter this year hasn’t yet been announced but we expect it would be close to or better than that in the fourth quarter of 2009. However, it could be in line with our expectation that aims to see a growth of 20%. The reason of better performance in the first quarter is that we have more power of production from AlphaPet.” he said.