25 Jan 2017 18:16:00
Joint venture to invest in plastic packaging manufacturing plant in the Republic of the Union of Myanmar
(-Translation-) January 25, 2017 Subject: Joint venture to invest in plastic packaging manufacturing plant in the Republic of the Union of Myanmar To: The President, The Stock Exchange of Thailand PTT Global Chemical Public Company Limited ("PTTGC") would like to inform that Solution Creation Company Limited ("SUN"), a wholly owned subsidiary of PTTGC, to sign joint venture agreement with S.P. PETPACK Company Limited ("S.P. PETPACK"), a leading plastic packaging manufacturer in Thailand and ASEAN who produces a high quality plastic packaging containers. In this joint venture, SUN will hold 25% share, an investment of approximately 50 million baht, of S.P. PETPACK INTER GROUP (THAI) Company Limited, a subsidiary of S.P. PETPACK, to jointly expand investment in building plastic packaging manufacturing plant and develop packaging market in the Republic of the Union of Myanmar. This project follows PTTGC's strategic direction to expand into CLMV market. This announcement is made pursuant to the rules, conditions and procedures governing the disclosure of information and other acts of a listed company by the Stock Exchange of Thailand. Please be informed accordingly Sincerely Yours, (Mr. Supattanapong Punmeechaow) President & Chief Executive Officer ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.