Indorama Investment (Suzhou) Co., Ltd acquires 100% shares in Anyang Nitrogen Fertilizer in China
27 December 2025, China: We are pleased to announce that Indorama Investment (Suzhou) Co., Ltd (China), an indirect subsidiary of Indorama Corporation Pte. Ltd, Singapore (“Indorama Corporation”) has signed definitive documents on 25th December 2025 to acquire 100% shares in Anyang Zhongying Fertilizer Co., Ltd., and Anyang Yingde Gases Co., Ltd. (collectively “Anyang Nitrogen Fertilizer”) from PAG, a leading Asia-focused alternative investment firm.
Anyang Nitrogen Fertilizer is a major fertilizer producer in Henan Province, China. Its primary product is Urea, with by-products of ammonia, automotive urea, and industrial gases. Commenting on the acquisition, Mr. Amit Lohia, Vice Chairman of Indorama Corporation said: “This acquisition is an important milestone for Indorama, supporting our fertilizer activities in China—the world’s largest fertilizer market and a cornerstone of global agricultural demand. Anyang’s strong operating base in Henan complements our strategy of investing in high-quality assets that support food security. We see significant long-term growth opportunities in China and look forward to expanding our product offerings to better serve farmers with reliable, efficient, and sustainable solutions.”
Mr. David Wong, Partner and Co-Head of Private Equity of PAG said: “We are pleased to have supported the development of Anyang Nitrogen Fertilizer during our ownership. Our operational experience and industrial value creation approach facilitated the growth of Anyang Nitrogen to become a major fertilizer producer in China. With its strong operational foundation, Anyang Nitrogen is even better positioned for growth in the future as a part of Indorama and a world leader in the global fertilizer market.”
The acquisition is subject to closing conditions pursuant to the definitive documents including statutory and other regulatory approvals.
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