With great pleasure, we announce that effective January 10th, 2023, "Excelus Holdings LLC, Georgia", a subsidiary of Indorama Corporation Pte Ltd, Singapore ("Indorama") has acquired 100% shares in JSC Rustavi Azot ("RA") Georgia from JSC EUI Investments.
RA is one of the largest producers of fertilizers and industrial chemical products in Caucasus region.
On behalf of Indorama, we welcome RA´s team to our family.
This marks another important step towards Indorama's long-term commitment to the Fertilizer sector. We have plans to inject further capital in coming years to ensure the modernization of RA's plant and expand its production capacity.
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PT Indorama Synthetics Tbk published this content on 10 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2023 16:19:03 UTC.