Anyang Indorama Gases secures RMB 2.4 billion (c. US$358 million) long term financing for Fertilizer capacity expansion in Henan Province

ANYANG, China, Sept. 22, 2026 /PRNewswire/ -- Anyang Indorama Gases Co., Ltd., a wholly owned subsidiary of Indorama Corporation Pte. Ltd., Singapore ("Indorama"), has signed an RMB 2.4 billion (c. US$358 million) long-term loan facility with a consortium of five leading banks in China to finance its Phase II fertilizer capacity expansion project in Anyang City, Henan Province, China. The financing represents an important milestone in Indorama's brownfield expansion in China following its acquisition of the Anyang nitrogen fertilizer business earlier this year and reinforces the Group's commitment to building competitive, cleaner and more efficient fertilizer capacity. This expansion project is expected to double the company's urea fertilizers capacity (starting from syngas and ammonia) to c. 2 million tonnes per annum by 2029. It will further strengthen the reliability of domestic fertilizer supply contributing to increasing food security, with more energy-efficient production processes across the site.

This long-term financing was provided by OCBC Bank Limited, Bank of China Limited, Bank of Communications Co., Ltd., Bangkok Bank (China) Company Limited and China CITIC Bank Co., Ltd. OCBC Bank Limited acted as Coordinator and Facility Agent, and Sumitomo Mitsui Banking Corporation (China) Limited acted as Security Agent. This financing will be used to partially fund the development and construction of the expansion project.

Mr. Amit Lohia, Group Vice Chairman, Indorama Corporation, said: "This transaction is an important milestone in Indorama's global growth strategy and reflects the confidence of leading international and Chinese financial institutions in our business. Building on our acquisition of the Anyang business, it strengthens our fertilizer platform in one of the world's most important markets and reinforces our commitment to supporting global food security. We deeply value our banking partners' support and look forward to advancing Indorama's continued global growth."

Mr. Chai Wei Joo, Country Head (China), Indorama Corporation, said: "We deeply value the trust and partnership of our banking partners in China. This financing supports the expansion of our fertilizer capacity in Henan Province, reinforcing Indorama's role as a key industrial contributor to China's economy and national food security. It is an important step in our continued growth in China, and we look forward to investing further in the country."

Mr. Seth Tan, Managing Director & Head of Corporate Banking China, OCBC Bank Limited, said: "We are pleased to participate in and coordinate this financing alongside our partner banks in support of Indorama's investment in Henan Province. The project represents an important industrial investment that will contribute to increased fertilizer production and domestic supply. Building on our 14-year partnership with Indorama, we are pleased to further strengthen our support for the Group in China and look forward to deepening our relationship across China and Asia."

Mr. LUAN Lin, Senior Credit Approver, Bank of China Limited - Suzhou Branch, said: "We are delighted to begin our relationship in China with Indorama through this financing. As a significant investor in Henan Province, Indorama is making an important contribution to the Chinese domestic economy as well as contributing to food security, and we look forward to supporting the Group's growth in China in the years ahead."

Bank of Communications Co., Ltd. said: "This loan signing marks the beginning of our partnership with Indorama, and we are pleased to support its investment in Anyang. The project will help strengthen domestic fertilizer supply and regional industrial development, and we look forward to further deepening our cooperation with the Group."

Mr. Sitthichai Jiwattanakul, CEO, Bangkok Bank (China) Company Limited, said: "We are delighted to deepen our decade-long partnership with Indorama Group as it pursues its strategic expansion in China. This financing reflects our confidence in the Group's vision and our ongoing support for its growth both regionally and globally."

Mrs. Huang Qin, President, China CITIC Bank Co., Ltd.– Zhengzhou Branch, said: "We are pleased to establish our relationship with Indorama through this landmark financing. The project brings valuable investment and capacity to Henan Province, and we look forward to building a strong, long-term partnership with the Group."

About Indorama

Indorama Corporation, headquartered in Singapore, is a global leading producer of essential materials. It was established in 1975 in Indonesia by its founder, M.L. Lohia, and his son, S.P. Lohia with its first operations in Indonesia as a cotton yarn spinning company. Today, Indorama manufactures, through its subsidiaries, a multitude of products including nitrogen fertilizers, phosphate fertilizers, agricultural inputs, polyethylene, polypropylene, polyester, textiles, industrial chemicals, cotton fibre and medical gloves. Indorama ranks as the 5th largest global private fertilizer producer, the 4^th largest producer of synthetic gloves, the largest producer of urea fertilizers in Sub-Saharan Africa and the largest producer of polyolefins in West Africa. Indorama Corporation (including through its associate companies) has a manufacturing footprint across 38 countries with over 100 sites in Asia, Europe, CIS, Africa, and North America, and a workforce of over 50,000 employees. It has aggregate revenue and assets in excess of US$20 billion and US$29 billion respectively (www.indorama.com).

 

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Anyang Indorama Gases secures RMB 2.4 billion (c. US$358 million) long term financing for Fertilizer capacity expansion in Henan Province

Parcel Perform becomes Perform.AI for an industry where brands are chosen on how they perform, not how they market.

SINGAPORE and BERLIN and CHICAGO, Sept. 22, 2026 /PRNewswire/ -- Perform.AI today launched the AI Commerce Operating System to do the job end-to-end—from merchants' being found to the parcel being delivered—on one system, and changed its name from Parcel Perform to match this ambition.

Brands now have to build experiences for both the humans who buy, and for the AI agents that support them. The AI agent focuses on finding the best product, at the best price, with the fastest delivery. A brand now sells to a person and to that person's AI—which picks only the brands that keep their promises.

The Perform.AI system is built for this reality, and runs the whole e-commerce journey—AI Commerce Visibility, Checkout, Post-Purchase, and Returns—with Logistics doing the daily work collaborating with shipping partners underneath. Behind it all, AI Decision Intelligence fuels every decision. It reads the data, holds a view on what should happen next, and acts on it, optimizing for gross margin.

With this foundation in place, once an e-commerce business is live on Perform.AI, their teams—marketing, logistics operations, customer service—can connect to Perform.AI data through the Model Context Protocol (MCP) and get answers about their e-commerce operations inside the AI tool they already work in.

"An AI agent deciding which brand to recommend reads what you promised, and checks what you actually delivered. You can see that record before the agent does, and fix what is in it. This is the new world of AI Commerce, and we are proud to help merchants get ready for it," said Dr. Arne Jeroschewski, Co-Founder and Chief Executive Officer of Perform.AI.

"Loyalty doesn't move an AI agent. Advertising doesn't move it either. But consistent performance does. We announced AI Commerce Visibility in October 2025, so e-commerce brands can see how AI recommends the product lines they actually sell, not just their brand name, and what AI says about their delivery and returns." said Dr. Jeroschewski.

"For ten years, e-commerce software offered the same deal: buy the tool, do the work yourself," Dr. Jeroschewski said. "Fifteen tabs, fifteen logins, every decision still stitched together by your team. Perform.AI does that work in one system. Your teams just need to focus on the strategic decisions, not on assembling answers."

Echoing that focus on a better way forward, Dana von der Heide, Co-Founder and Chief Customer Officer of Perform.AI, shares: "We started as Parcel Perform ten years ago. Performance was always the point: it was the outcome our customers wanted. Parcel was just the unit of work we began with. The ambitious brands we work with expected more from us, we built it, and their performance became our obsession."

"The rebranding follows the change that began inside our company. E-commerce software used to move on roadmaps, but Perform.AI revamped how it scopes, develops, and ships software to match the pace AI commerce moves at. This is the new velocity you can expect from us," said Dr. Jeroschewski. "We are not renaming the company. We are naming what it has become already."

The Perform.AI system runs on more than 100 billion parcel updates a year for thousands of brands, with 1,100+ carrier integrations across 160+ countries. It reads that data and acts on it: catching a delay before a customer emails to ask, picking the cheapest carrier that is most likely to hit a promised date. This is one system where outcomes matter, because the software should create value, not just the people working with it.

ABOUT Perform.AI

Perform.AI is the AI Commerce Operating System for ambitious brands. In agentic commerce, performing is what gets a brand recommended - so Perform.AI runs the delivery promise, the post-order experience and the return as one interconnected system that acts on what needs fixing, with Logistics carrying the daily work of the delivery promise underneath. Founded in 2016 as Parcel Perform, the company became Perform.AI in September 2026.

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Perform.AI Launches AI Commerce Operating System