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PT. Tri Polyta Indonesia Tbk.

PT. Tri Polyta Indonesia Tbk is the largest Indonesian producer of polypropylene resins. Downstream converters use our resins in the manufacturing of a wide range of consumer products.

The Company was established in 1988 and commercial production started in 1992.

The Company market its product, under Trilene ®, trade name. The Company holds the largest domestic market shares and has started to build its existence in Asian market through export.

The plant is located in the petrochemical complex in Cilegon, West Java which consists of three trains and utilizes UNIPOL® gas-phase technology, developed by Union Carbide Corporation and Shell Chemical Company. The three trains have a combined annual capacity to produce between 360,000 to 380,000 metric ton, depending on the production mix.

Debt Restructuring について

PTニッショク トリポリタ アクリリンド (日本触媒とのJV解消

2008/5/28 Platts

Indonesia Barito to take 75.95% share in PP firm Tri Polyta

Indonesian business group Barito Pacific, which owns 70% of olefins company Chandra Asri, plans to buy a 75.95% share in local polypropylene producer Tri Polyta, sources close to Tri Polyta said Tuesday.
The Barito group is controlled by local business tycoon Prajogo Pangestu and his family. Pangestu also has a majority share in Tri Polyta. Pangestu
plans to transfer most of his Tri Polyta shares to Barito around June, and retain 5% in his own capacity. After the new ownership change in June, the balance of Tri Polyta's shares will be held by founder shareholders.
Tri Polyta has the capacity to produce 360,000 mt/year of PP and is Indonesia's largest producer of the plastic resin. The company buys propylene feedstock locally from Chandra Asri and through purchases in the spot market.
The Barito group is active in chemicals, forestry, wood processing, banking, plantations, and mining.
                          


July 21,2000

PT Tri Polyta Indonesia Tbk Announces Progress on its Debt Restructuring
   http://www.tripolyta.com/invere/newsrel/00july21.htm

Management of PT. Tri Polyta Indonesia Tbk. announced today Oaktree Capital Management, LLC, as the general partner and/or invesment manager of certain funds and accounts it manages, Cerperus Capital Management LLC, as a manager of certain funds and accounts it manages, Principal Life Insurance Company, Marathon Asset Management, as investment manager for Marathon Special Opportunity Fund Ltd., and The Pilgrim Funds, which together own in excess of 70 percent of the Company's outstanding 11 3/8% Guaranteed Senior Notes (the "Notes"), have agreed to support a financial restructuring of the Notes, on the condition that the restructuring reflects the essential elements of the restructuring proposal announced by the Company on June 13, 2000.


June 1, 1999

PT Tri Polyta Indonesia Tbk Announces The Company's Intention to Pursue the Restructuring of its US$ 185 million 11 3/8% Guaranteed Secured Notes Due 2003

Management of PT. Tri Polyta Indonesia Tbk (NYSE : TPI, JSX : TPIA) announced today that the Company intends to pursue the restructuring of its 11 3/8% Guaranteed Secured Notes Due 2003 (Notes).

In light of the Company's poor operating results, the management has decided to pursue a restructuring of the Company's Notes. Management stated that it intends to announce soon the appointment of a financial advisor to assist in the restructuring of the Notes and would not make any further determination as to the June 1st, 1999 interest payment on the Notes until the Company has consulted with the appointed financial advisor in the restructuring.

PT. Tri Polyta Indonesia Tbk, is an Indonesian polypropylene manufacturer with modern facilities located in Cilegon, West Java, Indonesia.


March 17, 2000

PT Tri Polyta Indonesia Tbk Announces Tri Polyta Terminates Acrylic Acid Joint Venture
   http://www.tripolyta.com/invere/newsrel/00march17.htm

PT Tri Polyta Indonesia Tbk (JSX: TPIA) announced today that it has provided notice of its withdrawal from PT. Nisshoku Tripolyta Acrylindo ("NTA"). NTA is A joint venture formed in 1996 with Nippon Shokubai Co. Ltd. and Tomen Corporation to manufactu re Acrylic Acid and Acrylic Ester. Tri Polyta owns a 45% interest in NTA. NTA commenced commercial production in late 1998 and has been unprofitable.


(2000/6/19 日本触媒 発表)

PTニッショク トリポリタ アクリリンドの株式の取得(子会社化)に関するお知らせ
 http://www.shokubai.co.jp/main/02releas/29.htm


異動する子会社(PT ニッショク トリポリタ アクリリンド)の概要

(1)商号   PT Nisshoku Tripolyta Acrylindo
 
(2)代表者 大西 隆 / President Director
 
(3)所在地 インドネシア共和国 ジャカルタ市
 
(4)設立年月日 平成8年8月21日
 
(5)主な事業の内容 アクリル酸およびアクリル酸エステルの製造・販売
 
(6)決算期  12月
 
(7)従業員数 約240名
 
(8)主な事業所 インドネシア共和国 西ジャワ州アニール
 
(9)資本の額 60,000千米ドル
 
(10)発行済株式総数 60,000千株
 
(11)大株主構成および所有割合
     (株)日本触媒  50%
     PT Tri Polyta Indonesia Tbk 45%
     (株)トーメン    5%
 
(12)最近事業年度における業績の動向 略


株式の取得先   PT Tri Polyta Indonesia Tbk
 
異動後の所有株式数 54,545千株(所有割合 90.9%)