DBS China Acts as a Joint Mandated Lead Arranger in Indorama Corporation’s Acquisition of Anyang Zhongying Fertiliser Co. Ltd. and Anyang Yingde Gases Co. Ltd. (collectively “Anyang Nitrogen Fertiliser”) | 简体

China, 06 Feb 2026 - DBS Bank (China) Limited (DBS China) announced its role as a Joint Mandated Lead Arranger for an acquisition finance facility, to support Indorama Corporation, a global producer of fertilisers, polymers, fibers, yarns, and medical gloves, in its successful acquisition of Anyang Nitrogen Fertiliser, a leading urea manufacturer in the Henan Province, China. This transaction underscores the bank’s strategic focus on deepening partnerships with clients and reinforces its commitment towards enabling delivering cross-border financial solutions.

Indorama Corporation’s acquisition of Anyang Nitrogen Fertiliser is a pivotal strategic move to expand its footprint in China’s vital fertiliser market, enhance its fertiliser product portfolio and supply chain capabilities, and better serve the growing demand for high-quality crop nutrition solutions across China and the Asia-Pacific region. Anyang Nitrogen Fertiliser’s established manufacturing expertise, advanced production facilities and strong regional market presence in Henan and Shandong provinces will complement Indorama’s global fertiliser operations, driving sustainable growth and innovation for the combined entity.

As one of the core financial partners for this transaction, DBS leveraged its deep on-the-ground market insights into China’s agricultural fertiliser sector, coupled with its robust cross-border financing capabilities and global network, to structure a tailored acquisition finance facility. The bank’s seamless execution ensured the smooth completion of the deal, aligning with Indorama’s strategic growth timeline and reinforcing its commitment to the Chinese market.

“We are proud to be the trusted financial partner to Indorama Corporation for this transformative acquisition, a milestone that not only accelerates their growth in China’s fertiliser market but also marks DBS China’s inaugural acquisition deal in the  Chemical industry,” said Adrian Chai, Group Head of Global Industries, Institutional Banking Group, DBS. “This transaction is a testament to DBS’ strategic focus on deepening partnerships with international corporates in the Chemical industry, and our ability to combine local market expertise with global financial solutions to deliver tailored and actionable support for our clients’ cross-border growth ambitions. China remains a core market for DBS, and we will continue to leverage our strength and digital financial capabilities to empower international and local clients alike to seize strategic growth opportunities in the region.”

Vishnu Baldwa, Managing Director and Group Chief Financial Officer of Indorama Corporation, said: “The successful completion of this acquisition was made possible by the deep market understanding, execution capabilities and tailored financing solutions provided by our banking partners in China, including DBS. DBS’ professionalism and end-to-end support was valuable throughout the process, and we look forward to work closely with our bankers as we integrate Anyang Nitrogen Fertiliser and advance our growth in China’s fertiliser sector.”

The successful completion of this transaction further cements DBS’s position as a leading financial services provider for cross-border M&A and corporate financing in China, particularly for international clients expanding their presence in the country’s high-priority sectors. DBS’s Asia-first strategy, combined with its local market expertise in China, enables the bank to deliver bespoke financial solutions that address the unique needs of corporates, supporting their strategic growth and expansion across the region.

About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 17 consecutive years from 2009 to 2025.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.