Indorama Ventures PCL - Company Profile
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Business Description
Indorama Ventures PCL (IVL), a subsidiary of Indorama Resources Ltd, is a provider of petrochemicals and other intermediate products. It offers polymers, chemicals, and fibers to companies operating in personal and home care, food and beverages, health care, automotive, textile, and industrial sectors. The company operates through three reportable business segments: Combined PET, Fibers, and Integrated Oxides and Derivatives.
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R&D Overview
IVL's research and development (R&D) focuses on providing innovative solutions to customers. It also focuses on process innovations for increasing quality yields, reducing the cost of production, and improving product consistency. As of December 2022, the company had 27 R&D sites worldwide. In FY2022, IVL spent THB1,457.3 million, which was 0.2% of the company’s revenue and grew 116% YoY.
Business Segments
Overview
Includes integrated PET, specialty chemicals, and packaging. Under integrated PET, it carries out the manufacturing and distribution of polyethylene terephthalate (PET) value chain, comprising purified terephthalic acid (PTA), PET, paraxylene (PX) and recycled PET. Under specialty chemicals, it carries out manufacturing and distribution of specialty PET-related chemicals for medical, premium bottles, films and sheets; purified Isophthalic Acid (PIA) for unsaturated polyester resins, PET production and coatings; naphthalene dicarboxylate (NDC) for optical displays and industrial and mobility uses. Under packaging, it manufactures and distributes PET bottles, PET-base preforms and HDPE/PP closures. Operates production facilities in the US, Lithuania, Brazil, Turkey, Spain, Thailand, Poland, Nigeria, India, the Netherlands, Indonesia, Germany, Mexico, and China. Focuses on manufacturing excellence through plant automation and predictive maintenance tools. In FY2022, the segment's capital expenditure stood at THB15,487.8 million, which grew 28.2% YoY.
Performance
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Overview
Comprises in the mobility (automotive and tires), lifestyle, and personal hygiene domains Portfolio of products includes polyester fibers and yarns, bicomponent fibers, polyolefin fibers, nylon 6.6, composite fibers, rayon, and aramid. Operates production facilities in the US, Bulgaria, Brazil, Thailand, Russia, India, Israel, Indonesia, Germany, Mexico, Ireland, France, and China Serves textiles companies, including companies producing home textiles; fast moving consumer goods companies in hygiene; and industrial companies such as automotive companies and packaging film producers. In FY2022, the segment's capital expenditure stood at THB5,932.5 million, which grew 37.1% YoY.
Performance
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Overview
Comprises manufacturing and distribution of gas crackers, olefin intermediates, ethylene oxide (EO), monoethylene glycol (MEG), diethylene glycol (DEG), and triethylene glycol (TEG). Integrated Oxides and Derivatives operates through 7 production units and 6 R&D centers. In FY2022, the segment's capital expenditure stood at THB50,656.1 million, which grew 658% YoY.
Performance
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Geographical Segments
Target Markets
The US, Canada and Mexico
Performance
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Target Markets
Denmark, France, Germany, Italy, Spain, Belgium, the UK, Ireland, Luxembourg, Austria, Czech Republic, Lithuania, the Netherlands, Poland, Switzerland, Turkey, Bulgaria, Portugal, Cyprus and Russia.
Performance
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Target Markets
China, Indonesia, India, Nigeria, Israel, Egypt, Ghana, Australia, Hong Kong, Japan, British Virgin Islands, UAE, Singapore, Mauritius, Philippines, Myanmar and Malaysia.
Performance
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Performance
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