We are pleased to announce that our subsidiary, PT. Indo-Rama Synthetics Tbk in Indonesia, has secured a USD 10 million credit facility from PT Bank DBS Indonesia (a subsidiary of DBS Bank, Singapore) to advance Indorama’s sustainability agenda. The facility will be used to finance the development of infrastructure to connect Indorama’s key manufacturing complex in Purwakarta, West Java, to the national grid, transitioning from captive coal-generated power. This project will also help improve the energy efficiency of the factory complex and contribute to reducing Indorama’s carbon footprint.
Indorama has made significant commitments towards creating a sustainable future, and this project is an important step in reducing our Group’s carbon emissions in line with our sustainability improvement plans. We are pleased to receive support from DBS for this financing, which further reinforces our long-standing relationship with the bank and leverages their sustainability expertise for this milestone project.