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(c) Indorama Ventures Public Company Limited
22.11.2022

Indorama Ventures’ Deja™ brand named winner of the Best Sustainable Product Award

Indorama Ventures Public Company Limited (IVL) has been named winner of the Best Sustainable Product Award at the Chemical Week Sustainability Awards 2022. The award was for IVL’s DejaTM Carbon Neutral pellets, a carbon-neutral virgin polyethylene terephthalate (PET) resins, helping to reduce environmental impact.

The Deja™ brand covers carbon neutral virgin and recycled PET resins and a range of recycled PET (rPET) products, including flakes, resins, fibers, and yarns. It provides IVL’s global customers with a range of high-performance applications, including packaging, lifestyle, automotive, apparel, and medical equipment. The solutions help environmentally conscious companies meet their sustainability goals.

IVL has set ambitious 2025 and 2030 targets, which shall be met through its six-pronged decarbonization strategy, including energy transition, improving operational efficiency, circular feedstock, and future technologies. The company also has a goal to recycle 100 billion PET bottles annually by 2030.

Indorama Ventures Public Company Limited (IVL) has been named winner of the Best Sustainable Product Award at the Chemical Week Sustainability Awards 2022. The award was for IVL’s DejaTM Carbon Neutral pellets, a carbon-neutral virgin polyethylene terephthalate (PET) resins, helping to reduce environmental impact.

The Deja™ brand covers carbon neutral virgin and recycled PET resins and a range of recycled PET (rPET) products, including flakes, resins, fibers, and yarns. It provides IVL’s global customers with a range of high-performance applications, including packaging, lifestyle, automotive, apparel, and medical equipment. The solutions help environmentally conscious companies meet their sustainability goals.

IVL has set ambitious 2025 and 2030 targets, which shall be met through its six-pronged decarbonization strategy, including energy transition, improving operational efficiency, circular feedstock, and future technologies. The company also has a goal to recycle 100 billion PET bottles annually by 2030.

Chemical Week Sustainability Awards recognize the industry's best efforts in addressing financial, operational, and strategic challenges by focusing on ESG and sustainable product development. The awards were assessed by S&P Global, the world's leading credit rating agency, and a panel of experts from various companies across the chemical industry's value chain.

10.11.2022

Indorama Ventures: Resilient YTD earnings in 3Q22

  • Last twelve months (LTM) Core EBITDA of US$2.5B, an increase of 60% YoY
  • Core EBITDA per ton of US$163 in LTM3Q22 and US$159 in 3Q22
  • Operating cash flow of US$1,952 in LTM3Q22, an increase of 59% YoY
  • 3Q22 Core Net Profit of THB 10.34B and Reported Net Profit of THB 8.14B

Indorama Ventures Public Company Limited (IVL) reported a resilient year-to-date performance and increasing earnings in a challenging macroeconomic environment.

IVL posted Core EBITDA of US$606 million in 3Q22, a 39% increase YoY and a decline of 20% QoQ as the strong tailwinds that drove record earnings into 2022 began to normalize in the third quarter.  

  • Last twelve months (LTM) Core EBITDA of US$2.5B, an increase of 60% YoY
  • Core EBITDA per ton of US$163 in LTM3Q22 and US$159 in 3Q22
  • Operating cash flow of US$1,952 in LTM3Q22, an increase of 59% YoY
  • 3Q22 Core Net Profit of THB 10.34B and Reported Net Profit of THB 8.14B

Indorama Ventures Public Company Limited (IVL) reported a resilient year-to-date performance and increasing earnings in a challenging macroeconomic environment.

IVL posted Core EBITDA of US$606 million in 3Q22, a 39% increase YoY and a decline of 20% QoQ as the strong tailwinds that drove record earnings into 2022 began to normalize in the third quarter.  

Strategic acquisitions, including Oxiteno, are bolstering IVL’s increasingly diverse geographic footprint and product portfolio, supporting earnings through volatile economic conditions. Revenue declined 10% QoQ in 3Q and grew 27% YoY as Combined PET, the largest business segment, saw steady volumes through the year, and new portfolio additions performed strongly, such as surfactants in the Integrated Oxides and Derivatives segment. With more than 70% of IVL’s platform catering to consumer daily necessities, demand remains stable.

Fibers segment posted YTD Core EBITDA of $189 million, a rise of 2% YoY. 3Q Core EBITDA increased 2% YoY, and decreased of 11% QoQ, to US$49 million. The Lifestyle fibers business continues to be impacted by the lockdown in China, while management in the Hygiene and Mobility verticals in Europe are effectively managing high energy costs.

Combined PET (CPET) segment achieved YTD Core EBITDA of US$1,192 million, an increase of 42% YoY. Core EBITDA in 3Q22 rose 27% YoY to US$327 million, and declined 24% QoQ, as business remained steady across operations apart from in Europe where peak energy prices continue to put pressure on demand and margins.

D K Agarwal, CEO of Indorama Ventures, said, “We are pleased with our performance across the business cycle. Our management is working hard to extract the advantages that we enjoy in terms of geographic leadership, product diversity, and an unmatched customer base of global household brands. Together with our habitual lens on cost management, these actions will help us to weather the economic challenges and continue to focus on our long-term potential.”

Quelle:

Indorama Ventures Public Company Limited 

10.08.2022

Indorama Ventures' Results for 2Q22: Fibers segment -35% QoQ

  • Record Revenue of US$5,451M, an increase of 23% QoQ and 53% YoY
  • Record Reported EBITDA of US$1,010M, up 29% QoQ and 83% YoY
  • Reported Net Profit of THB 20.3B, an increase of 44% QoQ and 143% YoY.
  • Reported EPS of THB 3.58 (LTM2Q22: 8.11) and Core EPS of THB 2.32 (LTM2Q22:6.16)

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, reported record 2Q22 earnings as the company’s global integrated model continues to benefit from strong consumer trends and management responded effectively to market disruptions.

IVL posted a record Core EBITDA of US$758 million in the second quarter, up 17% QoQ and 59% YoY. Sales revenue rose by about 11% QoQ on a same-store basis, supporting a Core EBITDA margin of 14%. The combination of strong sales and improved margins helped offset higher energy costs in the U.S. and Europe, while management leveraged the company’s leading position in local and regional markets to ensure uninterrupted customer service levels as higher crude oil prices impacted raw materials costs.

  • Record Revenue of US$5,451M, an increase of 23% QoQ and 53% YoY
  • Record Reported EBITDA of US$1,010M, up 29% QoQ and 83% YoY
  • Reported Net Profit of THB 20.3B, an increase of 44% QoQ and 143% YoY.
  • Reported EPS of THB 3.58 (LTM2Q22: 8.11) and Core EPS of THB 2.32 (LTM2Q22:6.16)

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, reported record 2Q22 earnings as the company’s global integrated model continues to benefit from strong consumer trends and management responded effectively to market disruptions.

IVL posted a record Core EBITDA of US$758 million in the second quarter, up 17% QoQ and 59% YoY. Sales revenue rose by about 11% QoQ on a same-store basis, supporting a Core EBITDA margin of 14%. The combination of strong sales and improved margins helped offset higher energy costs in the U.S. and Europe, while management leveraged the company’s leading position in local and regional markets to ensure uninterrupted customer service levels as higher crude oil prices impacted raw materials costs.

Fibers segment posted Core EBITDA of US$55 million, a decrease of 35% QoQ and 15% YoY, as sales declined 11% QoQ. The segment was impacted by lower demand in the Lifestyle vertical amid the China lockdown while higher freight rates restricted exports. The Hygiene vertical was impacted by volumes at Avgol’s Russia site along with increased polypropylene prices, while strength in the replacement tires market partially offset the ongoing semiconductor shortage, resulting in a stable performance for Mobility.

Quelle:

Indorama Ventures Public Company Limited

19.07.2022

IVL: Corpus Christi Polymers plant in Texas resumes construction

Indorama Ventures Public Company Limited (IVL) announced that construction of an integrated PTA-PET plant in Corpus Christi, Texas, will resume in August this year. Corpus Christi Polymers LLC (CCP), a partnership between three companies, is expected to begin production in 2025 and ensure continued cost-competitive production to support the growth of IVL’s global PET operations into the next decade.

CCP was formed in 2018 as a joint venture between Indorama Ventures Corpus Christi Holdings LLC, a subsidiary of Indorama Ventures; DAK Americas LLC, a subsidiary of Alpek S.A.B. de C.V.; and APG Polytech USA Holdings, Inc, a subsidiary of Far Eastern New Century, following the purchase of a partially constructed facility of M&G Resins in Corpus Christi. Each partner will procure its own raw materials and receive one third of the PTA and PET produced at the facility to sell and distribute independently.

Indorama Ventures Public Company Limited (IVL) announced that construction of an integrated PTA-PET plant in Corpus Christi, Texas, will resume in August this year. Corpus Christi Polymers LLC (CCP), a partnership between three companies, is expected to begin production in 2025 and ensure continued cost-competitive production to support the growth of IVL’s global PET operations into the next decade.

CCP was formed in 2018 as a joint venture between Indorama Ventures Corpus Christi Holdings LLC, a subsidiary of Indorama Ventures; DAK Americas LLC, a subsidiary of Alpek S.A.B. de C.V.; and APG Polytech USA Holdings, Inc, a subsidiary of Far Eastern New Century, following the purchase of a partially constructed facility of M&G Resins in Corpus Christi. Each partner will procure its own raw materials and receive one third of the PTA and PET produced at the facility to sell and distribute independently.

Construction of the plant is resuming following a period of pandemic-related disruptions. Through the pandemic, the partners firmly resolved to continue planning amid continued robust demand for PET packaging and the need for shorter supply chains. As the impact of the pandemic eased in 2022, the management team was strengthened in preparation for the resumption in activities.

CCP is expected to be the largest vertically integrated PTA-PET production plant in the Americas, and IVL’s biggest greenfields project in the U.S. since the development of the AlphaPet production facility at Decatur, Alabama in 2009. The new Texas facility is a significant addition to IVL’s leading global footprint, and will expand its coverage to customers across the U.S. The plant’s vertical integration optimizes PTA-PET production and, together with the availability of raw materials Paraxylene and Mono Ethylene Glycol in the U.S., ensures long-term competitive-cost supply for IVL’s locally integrated polyester value chain.

The facility will have nominal annual capacities of 1.1 million metric tons of PET and 1.3 million metric tons of PTA, shared between the partners. It will employ three state-of-the-art technologies: PTA: IntegRex®, PET melt: Invista, and PET solid state: Easy Up (HCIRR – Horizontal Continuous slightly Inclined Rotary Reactor).

CCP is adding to its leadership team to prepare for the new growth opportunities. Mr Russell Wilson will leave his role with IVL as Head of Manufacturing Americas, Combined PET, to take up a new role as Chief Executive Officer of CCP from 18 July. He brings 30 years of Aromatics and PET leadership experience including prior roles with Amoco and BP before joining IVL. Mr Todd Hogue, IVL’s Global Head of EH&S, replaces Mr Wilson as IVL’s representative on CCP’s Board. Mr Michael Day joined CCP as Project Director in June and brings 34 years of construction leadership experience including senior roles with Bilfinger, KBR, and CB&I.  Mr Jeff Shea will assume the role of Chief Operating Officer on 18 July.  Mr Shea has been in the PET industry for the last 22 years and has managed PET sites for the last 17. 

Quelle:

Indorama Ventures Public Company Limited

Photo via Indorama Ventures Public Company Limited
01.07.2022

Indorama Ventures acquires Tollegno 1900’s Wool assets in Italy and Poland

Indorama Ventures Public Company Limited (IVL) completed the acquisition of the wool spinning businesses in Italy and Poland of Tollegno 1900 S.p.A. (Tollegno 1900), a leading Italian manufacturer of fabrics and yarns.

Tollegno 1900 has a family-based heritage with more than 120 years of experience and is one of the leading European textile groups with a total spinning capacity of around 3,500 tons of yarn per year with a specific focus on flat knitting and hand knitting yarns. With this acquisition, IVL secured two assets, including a spinning and top-dyeing operation in Poland and a yarn dyeing operation in Italy.

The acquisition is a strategic fit for IVL’s integrated business platform and will make a significant contribution to the sustainable growth of its Wool business, which is part of the company’s Fibers segment. It will also strengthen IVL’s footprint for worsted yarns in Europe and help extend IVL’s wool products globally with trading subsidiaries in America and Asia.

Indorama Ventures Public Company Limited (IVL) completed the acquisition of the wool spinning businesses in Italy and Poland of Tollegno 1900 S.p.A. (Tollegno 1900), a leading Italian manufacturer of fabrics and yarns.

Tollegno 1900 has a family-based heritage with more than 120 years of experience and is one of the leading European textile groups with a total spinning capacity of around 3,500 tons of yarn per year with a specific focus on flat knitting and hand knitting yarns. With this acquisition, IVL secured two assets, including a spinning and top-dyeing operation in Poland and a yarn dyeing operation in Italy.

The acquisition is a strategic fit for IVL’s integrated business platform and will make a significant contribution to the sustainable growth of its Wool business, which is part of the company’s Fibers segment. It will also strengthen IVL’s footprint for worsted yarns in Europe and help extend IVL’s wool products globally with trading subsidiaries in America and Asia.

The operations, which will be renamed Filatura Tollegno 1900, will add more sustainable products to IVL’s portfolio, including a full traceability project of the fibers used for yarns and fabrics, as well as provide synergies with existing assets.

Giovanni Germanetti, the CEO of Tollegno, will continue in the same role with Filatura Tollegno 1900, facilitating continuity and exploring new growth as part of IVL. Lincoln Germanetti, the President and co-CEO of Tollegno, will remain with Filatura Tollegno 1900 as COO.

Weitere Informationen:
IVL wool Fibers yarn
Quelle:

Indorama Ventures Public Company Limited 

27.06.2022

Indorama Ventures enters world-first China license agreement

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, has signed a license agreement with Shandong Binhua New Material Co., Ltd. (Binhua), a subsidiary of Befar Group, a leading petroleum and chemical enterprise in China, to build, own and operate a propylene oxide (PO), t-Butanol (TBA) and t-Butyl methyl ether (MTBE) co-production unit.

Featuring the world’s only MTBE ‘single-step’ reaction technology, IVL’s proprietary innovation, the project is part of the ‘C3 and C4’ comprehensive utilization project in Shandong, China. It is one of the largest in the province, covering an area of over one million square meters.

Under the contract, IVL will provide a design package, technology, operational know-how and training to enable the construction and operation of a PO co-production with MTBE and TBA units for Binhua. The plant is part of a larger complex comprising propane dehydrogenation to propylene, butane isomerization, synthetic ammonia, and other installations.

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, has signed a license agreement with Shandong Binhua New Material Co., Ltd. (Binhua), a subsidiary of Befar Group, a leading petroleum and chemical enterprise in China, to build, own and operate a propylene oxide (PO), t-Butanol (TBA) and t-Butyl methyl ether (MTBE) co-production unit.

Featuring the world’s only MTBE ‘single-step’ reaction technology, IVL’s proprietary innovation, the project is part of the ‘C3 and C4’ comprehensive utilization project in Shandong, China. It is one of the largest in the province, covering an area of over one million square meters.

Under the contract, IVL will provide a design package, technology, operational know-how and training to enable the construction and operation of a PO co-production with MTBE and TBA units for Binhua. The plant is part of a larger complex comprising propane dehydrogenation to propylene, butane isomerization, synthetic ammonia, and other installations.

Weitere Informationen:
Indorama
Quelle:

Indorama Ventures Public Company Limited 

19.06.2022

Indorama Venures: Faserinnovationen auf der Techtextil

Indorama Ventures Public Company Limited (IVL), einer der weltweit führenden Petrochemieproduzenten mit globaler Präsenz in Europa, Afrika, Nord- und Südamerika sowie im asiatisch-pazifischen Raum, wird auf der Techtextil die neuesten Entwicklungen und Innovationen seiner drei Faser-Sparten MOBILITY, HYGIENE und LIFESTYLE vorstellen. Diese drei Geschäftsbereiche vereinen Schlüsselkompetenzen in den Bereichen Fasern, Vliesstoffe und Gewebe für die Märkte Automobil, Hygiene, Funktionsmaterialien und Verbundwerkstoffe.

Unter dem Motto "Reimaging Chemistry together for a better World" wird ein breites Portfolio an nachhaltigen Produkten, fortschrittlichen Technologien und verbraucherorientierten Lösungen vorgestellt.

Ein Schwerpunkt wird die Marke Deja® sein — die Plattform für nachhaltige Produkte von Indorama Ventures. Sie umfasst u.a. Materialien wie Fasern aus recyceltem PET (rPET). Ziel ist es, Produkte im Umlauf zu halten und die Kreislaufwirtschaft zu etablieren.  Außerdem werden Materialien mit einem neutralen Kohlenstoff-Fußabdruck, darunter Breathair® und bio-basierte Produkte, präsentiert.

Indorama Ventures Public Company Limited (IVL), einer der weltweit führenden Petrochemieproduzenten mit globaler Präsenz in Europa, Afrika, Nord- und Südamerika sowie im asiatisch-pazifischen Raum, wird auf der Techtextil die neuesten Entwicklungen und Innovationen seiner drei Faser-Sparten MOBILITY, HYGIENE und LIFESTYLE vorstellen. Diese drei Geschäftsbereiche vereinen Schlüsselkompetenzen in den Bereichen Fasern, Vliesstoffe und Gewebe für die Märkte Automobil, Hygiene, Funktionsmaterialien und Verbundwerkstoffe.

Unter dem Motto "Reimaging Chemistry together for a better World" wird ein breites Portfolio an nachhaltigen Produkten, fortschrittlichen Technologien und verbraucherorientierten Lösungen vorgestellt.

Ein Schwerpunkt wird die Marke Deja® sein — die Plattform für nachhaltige Produkte von Indorama Ventures. Sie umfasst u.a. Materialien wie Fasern aus recyceltem PET (rPET). Ziel ist es, Produkte im Umlauf zu halten und die Kreislaufwirtschaft zu etablieren.  Außerdem werden Materialien mit einem neutralen Kohlenstoff-Fußabdruck, darunter Breathair® und bio-basierte Produkte, präsentiert.

Auch andere neue Technologien werden vor Ort zu sehen sein. Um die Verschmutzung der Umwelt durch Kunststoffe zu verringern, führt Indorama Ventures Polyolefinfasern und Vliesstoffe ein, die durch die kürzlich eingeführte Biotransformationstechnologie biologisch abbaubar sind. Biotransformation ist ein Prozess, bei dem sich der physikalische Zustand einer Faser von einem kristallinen Feststoff in ein bioverfügbares Wachs ändert.

26.05.2022

New french recycling technology to recycle 50 million PET food trays per year

Indorama Ventures, VALORPLAST, Klöckner Pentaplast (kp) and CITEO collaboration delivers a commercial recycling solution for monolayer PET trays

Thai-based Indorama Ventures Public Company Limited (IVL) with its facility Wellman France Recycling in Verdun, has been working on the PET trays recycling for 6 years and through an ongoing project with VALORPLAST and supported by CITEO.

The project has the objective to develop and validate recycling for monolayer and multilayer PET trays. VALORPLAST has collected significant quantities of post-consumer PET trays and several industrial runs have been conducted by Wellman. The produced flakes are being tested by several actors to develop high quality applications. Those tests have led by IVL to develop a commercially feasible recycling solution for monolayer PET trays with the collaboration of Klöckner Pentaplast.
The new technology is processing monolayer PET trays used for food packaging (meat, produce and cheese) into a high-quality product, suitable for new tray production.

This new recycling innovation will see over 50 million post-consumer PET trays diverted away from landfill or incineration.

Indorama Ventures, VALORPLAST, Klöckner Pentaplast (kp) and CITEO collaboration delivers a commercial recycling solution for monolayer PET trays

Thai-based Indorama Ventures Public Company Limited (IVL) with its facility Wellman France Recycling in Verdun, has been working on the PET trays recycling for 6 years and through an ongoing project with VALORPLAST and supported by CITEO.

The project has the objective to develop and validate recycling for monolayer and multilayer PET trays. VALORPLAST has collected significant quantities of post-consumer PET trays and several industrial runs have been conducted by Wellman. The produced flakes are being tested by several actors to develop high quality applications. Those tests have led by IVL to develop a commercially feasible recycling solution for monolayer PET trays with the collaboration of Klöckner Pentaplast.
The new technology is processing monolayer PET trays used for food packaging (meat, produce and cheese) into a high-quality product, suitable for new tray production.

This new recycling innovation will see over 50 million post-consumer PET trays diverted away from landfill or incineration.

Testing has now moved into commercial production. 500 tonnes of PET trays are now being processed monthly and transformed into a high-quality tray flake, which can be used to produce new trays. The purity of the flakes is comparable with high-quality bottle flake. A further scale up is foreseen, and the company plans to process 10KT of tray flake in 2022.

Weitere Informationen:
PET recycling fibers
Quelle:

 Indorama Ventures Public Company Limited 

12.05.2022

Indorama Ventures reports results for 1Q22

Indorama Ventures Public Company Limited (IVL) reported a strong 1Q22 result, building on its record FY 2021 performance as the pandemic continued to retreat, driving demand across the company’s global integrated portfolio.

IVL achieved 1Q22 Core EBITDA of US$650 million, up 41% QoQ and 77% YoY, and a 4% increase in production volumes to 3.80 MMT. All three of IVL’s business segments grew as the company’s leading global position benefited overall in an environment of higher crude oil prices, increased ocean freight rates and a strengthening US dollar, led by resurging consumer demand and global mobility.

IVL’s Integrated Oxides and Derivatives (IOD) business benefits from a high crude oil price environment, as its shale gas advantage supports MTBE and MEG margins. As ocean freight rates increase, IVL’s PET and Fibers segments gain due to increased import parity pricing in Western markets, where about two thirds of its portfolio is situated. Management’s agile response to hedging and levying surcharges has helped to partially recuperate the surge in energy and utility costs in Europe as a consequence of the Russia-Ukraine conflict.

Indorama Ventures Public Company Limited (IVL) reported a strong 1Q22 result, building on its record FY 2021 performance as the pandemic continued to retreat, driving demand across the company’s global integrated portfolio.

IVL achieved 1Q22 Core EBITDA of US$650 million, up 41% QoQ and 77% YoY, and a 4% increase in production volumes to 3.80 MMT. All three of IVL’s business segments grew as the company’s leading global position benefited overall in an environment of higher crude oil prices, increased ocean freight rates and a strengthening US dollar, led by resurging consumer demand and global mobility.

IVL’s Integrated Oxides and Derivatives (IOD) business benefits from a high crude oil price environment, as its shale gas advantage supports MTBE and MEG margins. As ocean freight rates increase, IVL’s PET and Fibers segments gain due to increased import parity pricing in Western markets, where about two thirds of its portfolio is situated. Management’s agile response to hedging and levying surcharges has helped to partially recuperate the surge in energy and utility costs in Europe as a consequence of the Russia-Ukraine conflict.

The re-opening of economies bodes well for demand across IVL’s portfolio. However, China’s ongoing pandemic lockdowns impacted downstream polyester demand resulting in weakened MEG spreads. IVL’s businesses trade in US dollars and a strengthening dollar has positive impact, reducing conversion costs in emerging economies where IVL has a strong local presence.

Combined PET segment reported Core EBITDA of US$435 million, up 63% QoQ and 67% YoY supported by the reset of PTA/PET contracts at the end of 2021. IVL expects the tight supply-demand environment to continue through 2022, boosted by the upcoming peak summer season.

IOD segment achieved Core EBITDA of US$126 million, up 3% QoQ and 258% YoY as MTBE margins benefited from higher crude oil prices, demand remains strong for downstream products, and as the commissioning of the Lake Charles cracker contributes to earnings in 2022. The integration of the Oxiteno acquisition, completed in April, will bring additional upside to IOD from 2Q22.

Fibers segment delivered Core EBITDA of US$85 million, an increase of 4% QoQ and 17% YoY. Demand across the three Fibers verticals is stable with domestic sales yielding better profitability, while higher freight rates weighed on margins on export volumes from Thailand, Indonesia and India, and increased energy and utility costs impacted European operations.

1Q22 Performance Highlights

  • Consolidated Revenue of US$4,444M, an increase of 12% QoQ and 37% YoY
  • Record Reported EBITDA of US$784M, a YoY growth of 63%, and Core EBITDA of US$650M, a YoY growth of 77%
  • Production volumes up 4% YoY to 3.80 MMT
  • Reported Net Profit of THB 14,070M, Core Net Profit of THB 10,578M
  • Reported EPS of THB 2.47 (LTM1Q22: 5.98) and Core EPS of THB 1.85 (LTM1Q22:4.96)
  • Record Core EBITDA Margin at 15%
Quelle:

Indorama Ventures Public Company Limited

(c) Indorama Ventures Public Company Limited
22.04.2022

Indorama Ventures completes acquisition of packaging company in Vietnam

Indorama Ventures Public Company Limited (IVL) completed the acquisition of Ngoc Nghia Industry – Service – Trading Joint Stock Company (NN), one of Vietnam’s leading PET packaging companies. The acquisition will boost IVL's market position as it continues to expand its integrated offering of PET products to major multinational customers throughout the region.

Ngoc Nghia is a trusted market leader in PET, preforms and closures, with long-term partnerships with major global and Vietnamese brands in the beverage and non-beverage industries. It has four manufacturing facilities in Vietnam's north and south with a total production capacity of 5.5 billion units of PET preforms, bottles, and closures, totaling 76,000 tons of PET conversion each year.

Indorama Ventures Public Company Limited (IVL) completed the acquisition of Ngoc Nghia Industry – Service – Trading Joint Stock Company (NN), one of Vietnam’s leading PET packaging companies. The acquisition will boost IVL's market position as it continues to expand its integrated offering of PET products to major multinational customers throughout the region.

Ngoc Nghia is a trusted market leader in PET, preforms and closures, with long-term partnerships with major global and Vietnamese brands in the beverage and non-beverage industries. It has four manufacturing facilities in Vietnam's north and south with a total production capacity of 5.5 billion units of PET preforms, bottles, and closures, totaling 76,000 tons of PET conversion each year.

IVL plans to sustainably grow the business to better serve customers in Vietnam, a high-growth new market, as well as IVL’s major PET packaging customers across the region including global household beverage brands. Ngoc Nghia’s family business roots, led by its founder for over 30 years, was integral to IVL’s decision to invest in the company as a strategic match. The existing team’s extensive local market knowledge will be further augmented by leadership from IVL’s PET packaging business unit, bringing a powerful combination of local, regional and global expertise to the market.

Quelle:

Indorama Ventures Public Company Limited

Indorama Ventures completes acquisition of Brazil-based Oxiteno, extending growth profile into attractive surfactant markets (c) Indorama Ventures Public Company Limited
(from left) Alastair Port, João Parolin
06.04.2022

Indorama Ventures now in Brasil

  • Indorama Ventures completes acquisition of Brazil-based Oxiteno, extending growth profile into attractive surfactant markets

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, today completed its acquisition of 100% of Brazil-based Oxiteno S.A. Indústria e Comércio, becoming a leading global supplier in high-value surfactant markets.

The acquisition of Oxiteno, formerly a subsidiary of Ultrapar Participações S.A., was announced in August 2021 and is effective from 1 April 2022 after the transaction was approved by Brazil’s Administrative Council for Economic Defense (CADE). Through the acquisition, IVL extends its growth profile into highly attractive markets in Latin America and the U.S., becoming the leading surfactants producer in the Americas, with additional potential to expand in Europe and Asia.

  • Indorama Ventures completes acquisition of Brazil-based Oxiteno, extending growth profile into attractive surfactant markets

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, today completed its acquisition of 100% of Brazil-based Oxiteno S.A. Indústria e Comércio, becoming a leading global supplier in high-value surfactant markets.

The acquisition of Oxiteno, formerly a subsidiary of Ultrapar Participações S.A., was announced in August 2021 and is effective from 1 April 2022 after the transaction was approved by Brazil’s Administrative Council for Economic Defense (CADE). Through the acquisition, IVL extends its growth profile into highly attractive markets in Latin America and the U.S., becoming the leading surfactants producer in the Americas, with additional potential to expand in Europe and Asia.

Oxiteno becomes part of IVL’s Integrated Oxides and Derivatives (IOD) business segment, which IVL formed in 2020 with the purchase of assets from U.S.-based Huntsman (Spindletop transaction). IOD is a high-margin growth driver alongside IVL’s traditional Combined PET (CPET) necessities segment and its Fibers segment. Together, IVL’s three segments create a stronger and more resilient integrated platform along the company’s petrochemicals value chain.

The Oxiteno acquisition includes 11 manufacturing plants in Latin America and the U.S., 5 R&D centers, an experienced management team, a strong environmental governance record, and expertise in green chemistry innovation. Through Oxiteno, IOD assumes a leading position in technologies catering to innovation-led, high-value-add (HVA) surfactant solutions in attractive home & personal care, crop solutions, and coating & resources markets. This diversity increases IOD’s earnings stability and resilience. The surfactants market has seen consistent growth over the last decade, driven by trends in population growth, urbanization and increasing hygiene awareness amid the global pandemic.

02.03.2022

Indorama Ventures reports record FY2021 performance as the global recovery drove volumes

  • IVL commits to being an industry leader in sustainability under ‘Vision 2030’

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, today reported a record FY2021 performance as the economic recovery drove demand across the company’s global footprint. 

Mr Aloke Lohia, Indorama Ventures Group CEO, said: “In 2021 we proved the resilience of our global footprint and our integrated portfolio across the polyester value chain. The past two years were an unprecedented period of disruption in which our business model’s robustness and our teams’ agility were tested. Having reset our business plan for the ‘new normal’ era, I have never been more confident in our model, our strategy, and our teams."

2021 Summary

In 2021, IVL delivered Core EBITDA of US$1,743 million (up 55% YoY) on production volumes of 14.72 MMT (up 7% YoY). Consolidated Revenue increased 38% YoY to US$14,629 million as consumer confidence rebounded and the company’s resilient model benefited from rising inflation, energy price hikes and supply chain shocks.

  • IVL commits to being an industry leader in sustainability under ‘Vision 2030’

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, today reported a record FY2021 performance as the economic recovery drove demand across the company’s global footprint. 

Mr Aloke Lohia, Indorama Ventures Group CEO, said: “In 2021 we proved the resilience of our global footprint and our integrated portfolio across the polyester value chain. The past two years were an unprecedented period of disruption in which our business model’s robustness and our teams’ agility were tested. Having reset our business plan for the ‘new normal’ era, I have never been more confident in our model, our strategy, and our teams."

2021 Summary

In 2021, IVL delivered Core EBITDA of US$1,743 million (up 55% YoY) on production volumes of 14.72 MMT (up 7% YoY). Consolidated Revenue increased 38% YoY to US$14,629 million as consumer confidence rebounded and the company’s resilient model benefited from rising inflation, energy price hikes and supply chain shocks.

Macroeconomic tailwinds supported IVL’s performance, including government stimulus packages. In premium western markets, higher freight rates improved the company’s local import parity pricing advantage. In the fourth quarter, the introduction of China’s dual control policy widened polyester margins. 

IVL’s largest Combined PET segment posted a 39% increase in Core EBITDA to US$1,103 million in the context of strong demand and low inventories. The resetting of PET contracts in 2022 is expected to capture higher freight rates and the consequent beneficial impact on import parity. The segment is expected to enjoy improved margins in 2022.

Integrated Oxides & Derivatives (IOD) recorded a Core EBITDA of US$377 million, up 228% from a year earlier. With higher oil prices expected to continue into 2022, the segment will continue to benefit from shale gas economics, improving MEG spreads, and upside from Lake Charles (IVOL) ethylene cracker, which resumed operations in late 2021. The Oxiteno acquisition, expected to close in H1 2022, will bring complementary products, green energy innovation, and geographical diversification to the IOD segment.

Fibers segment delivered a 37% increase in Core EBITDA of US$268 million as volumes rose 11%. Margins widened due to tighter markets and a favorable product mix, with setbacks coming from energy and commodity price increases, while the ongoing semiconductor shortage impacted the Mobility vertical.

Mr D K Agarwal, CEO and CFO at Indorama Ventures, said: “The performance was a result of a number of important macroeconomic factors, such as heightened crude oil prices, supply disruptions, and resurgent consumer confidence as vaccinations were rolled out in the pandemic’s second full year. These factors led to improved margins and benefited us as a preferred regional supplier that can react quickly to fulfill our customer needs. Our transformation programs that we started three years ago are also delivering efficiency gains faster than planned. As the world emerges from the pandemic, our increased confidence in IVL’s resilient model sets a strong foundation for further growth through 2024.”

Quelle:

Indorama Ventures Public Company Limited

18.02.2022

Indorama Ventures acquires 85% equity stake in UCY Polymers CZ s.r.o. (UCY)

  • New partnership will recycle over 1.6 billion PET beverage bottles in the Czech Republic by 2025

Indorama Ventures Public Company Limited (IVL), the world’s largest producer of recycled PET for beverage bottles, completed a deal for an 85% equity stake in Czech Republic-based PET plastic recycler, UCY Polymers CZ s.r.o. (UCY), boosting the country and Europe’s plastic collection and recycling ambitions.

As a result of the investment, IVL will recycle about 1.12 billion additional post-consumer PET (polyethylene terephthalate) plastic bottles in the Czech Republic every year by 2025, increasing the total bottles recycled by UCY across the Czech Republic, Germany and Central Europe to 1.6 billion bottles per year. IVL, a global sustainable chemicals company, is investing USD1.5 billion globally to expand recycling facilities and sustainable production, including boosting its recycling capacity to 750,000 tons per year by 2025.

  • New partnership will recycle over 1.6 billion PET beverage bottles in the Czech Republic by 2025

Indorama Ventures Public Company Limited (IVL), the world’s largest producer of recycled PET for beverage bottles, completed a deal for an 85% equity stake in Czech Republic-based PET plastic recycler, UCY Polymers CZ s.r.o. (UCY), boosting the country and Europe’s plastic collection and recycling ambitions.

As a result of the investment, IVL will recycle about 1.12 billion additional post-consumer PET (polyethylene terephthalate) plastic bottles in the Czech Republic every year by 2025, increasing the total bottles recycled by UCY across the Czech Republic, Germany and Central Europe to 1.6 billion bottles per year. IVL, a global sustainable chemicals company, is investing USD1.5 billion globally to expand recycling facilities and sustainable production, including boosting its recycling capacity to 750,000 tons per year by 2025.

UCY is a strategic fit for IVL as a backward integration into the company’s expanding recycled PET (rPET) footprint in Europe and across the world to secure feedstock for rPET products. UCY can produce 40,000 tonnes of recycled PET flake per year. IVL will develop UCY to serve the increasing demand for recycled PET in Europe.

UCY will work with IVL’s existing PET flake production facilities in the region. These provide the washed and shredded post-consumer bottles as PET flake feedstock to produce recycled PET resin that is suitable for food contact use. PET is fully recyclable and the most collected and recycled plastic packaging in Europe.

(c) Indorama Ventures Public Company Limited
20.01.2022

Indorama Ventures’ Group CEO recognized among Top 40 Power Players

The Group CEO of Indorama Ventures Public Company Limited (IVL) has been ranked 12th in the Top 40 Power Players 2022 list announced by the leading chemical market information provider, Independent Commodity Intelligence Services (ICIS). The ranking consists of global CEOs and senior executives who are making the greatest positive impact on their companies and the chemical industry.

This recognition recognises Aloke Lohia’s distinction in leading IVL towards a more sustainable  and purposeful future. He is spearheading IVL’s efforts to meet its sustainability objectives, including strengthening its circular economy and PET recycling initiatives. The company pledged $1.5 billion in investments to meet green targets, including a commitment to increase its global PET recycling capacity to 750,000 tons per year by 2025.

The Group CEO of Indorama Ventures Public Company Limited (IVL) has been ranked 12th in the Top 40 Power Players 2022 list announced by the leading chemical market information provider, Independent Commodity Intelligence Services (ICIS). The ranking consists of global CEOs and senior executives who are making the greatest positive impact on their companies and the chemical industry.

This recognition recognises Aloke Lohia’s distinction in leading IVL towards a more sustainable  and purposeful future. He is spearheading IVL’s efforts to meet its sustainability objectives, including strengthening its circular economy and PET recycling initiatives. The company pledged $1.5 billion in investments to meet green targets, including a commitment to increase its global PET recycling capacity to 750,000 tons per year by 2025.

In 2021, IVL announced it is building a facility in Karawang, Indonesia, to recycle almost 2 billion plastic bottles a year in support of the government’s plan to reduce ocean debris. The company also completed a new PNDA unit in Decatur, Alabama, USA, making it the world’s largest producer. IVL also agreed to acquire Brazil-based Oxiteno, a leading integrated surfactant producer.

The Top 40 Power Players list ranks leaders who demonstrate excellence and vision in the areas of ESG (Environmental, Social, and Governance), innovation, M&A/portfolio management, projects, and profitability/shareholder value. The ICIS also revealed that ESG and sustainability have increasingly played more vital roles in this year’s ranking as they are clearly key components for future growth.

18.01.2022

Indorama Ventures’ Hygiene Division achieves ISCC Plus Certification

The Hygiene Division of Indorama Ventures Public Company Limited (IVL) is pleased to announce that two of its manufacturing sites have achieved International Sustainability Carbon Certification Plus Certification.

FiberVisions’ Varde site in Denmark, a polypropylene fiber producer, and Avgol’s Uzlovaya site in Russia, a spunlaid nonwovens producer, satisfied audits related to traceability and the reasonable use of biomaterials.

Shachar Rachim, CEO, IVL Hygiene Division, part of IVL’s Fibers business segment, said: “This accreditation underscores our commitment to support our customers to achieve their carbon dioxide reduction targets through using carbon neutral fibers. The certification is assurance that our nonwoven fabrics and fibers meet all the ISCC’s demanding standards for recycled-renewable materials. Our certified facilities can trace the product’s composition through the supply chain, without needing to requalify the materials.”

The Hygiene Division of Indorama Ventures Public Company Limited (IVL) is pleased to announce that two of its manufacturing sites have achieved International Sustainability Carbon Certification Plus Certification.

FiberVisions’ Varde site in Denmark, a polypropylene fiber producer, and Avgol’s Uzlovaya site in Russia, a spunlaid nonwovens producer, satisfied audits related to traceability and the reasonable use of biomaterials.

Shachar Rachim, CEO, IVL Hygiene Division, part of IVL’s Fibers business segment, said: “This accreditation underscores our commitment to support our customers to achieve their carbon dioxide reduction targets through using carbon neutral fibers. The certification is assurance that our nonwoven fabrics and fibers meet all the ISCC’s demanding standards for recycled-renewable materials. Our certified facilities can trace the product’s composition through the supply chain, without needing to requalify the materials.”

IVL expects that the ISCC Plus certification of these two sites will be followed by similar certifications at other manufacturing plants. A broad portfolio of technologies is being developed to address how component materials interact with the environment to improve recyclability, reduce raw material consumption, and minimize the impact of fugitive wastes.

Quelle:

Indorama Ventures Public Company Limited

14.01.2022

Indorama Ventures wins “Best Sustainability-Linked Transaction & Best ESG-Linked Financing Deal of the Year”

Indorama Ventures Public Company Limited (IVL) was awarded “Best Sustainability-Linked Transaction & Best ESG-Linked Financing Deal of the Year” for its THB 10 billion Sustainability-Linked Bond (SLB) issued in November 2021.

The award was announced at the 15th Best Deal & Solution Awards 2021 by Alpha Southeast Asia, an institutional publication focused on investment in Southeast Asia. This recognition marks IVL's commitment to sustainable growth and ESG performance as a global leader in the chemical industry.

Yash Lohia, Chairman of ESG Council at Indorama Ventures, said, "This award reflects our long-standing commitment to sustainability and creating opportunities for investors to take part in the positive transformation of the chemical industry. This award confirms that financial markets value our ambitious sustainability and ESG efforts towards a more sustainable future.”

Indorama Ventures Public Company Limited (IVL) was awarded “Best Sustainability-Linked Transaction & Best ESG-Linked Financing Deal of the Year” for its THB 10 billion Sustainability-Linked Bond (SLB) issued in November 2021.

The award was announced at the 15th Best Deal & Solution Awards 2021 by Alpha Southeast Asia, an institutional publication focused on investment in Southeast Asia. This recognition marks IVL's commitment to sustainable growth and ESG performance as a global leader in the chemical industry.

Yash Lohia, Chairman of ESG Council at Indorama Ventures, said, "This award reflects our long-standing commitment to sustainability and creating opportunities for investors to take part in the positive transformation of the chemical industry. This award confirms that financial markets value our ambitious sustainability and ESG efforts towards a more sustainable future.”

IVL's THB 10 billion issuance sets a new benchmark as the largest SLB transaction in Thailand and the first offered to both institutions and high-net-worth investors. The financial instrument is linked to the company's sustainability goals of reducing GHG emissions intensity by 10% by 2025, increasing recycling of PET bale input to 750,000 tons per year by 2025, and achieving 25% renewable electricity consumption in 2030.

IVL appointed Bangkok Bank, Kasikorn Bank, Krungthai Bank, Siam Commercial Bank, and the Bangkok branch of HSBC as as arrangers and bookrunners for the green transaction.

Quelle:

Indorama Ventures Public Company Limited

(c) IVL. D K Agarwal, CEO of Combined PET, IOD and Fibers Business at Indorama Ventures
10.01.2022

Indorama Ventures to expand packaging business into Vietnam

  • Strengthening market position in Asia-Pacific

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, announces that it is in the process of acquiring shares in Ngoc Nghia Industry – Service – Trading Joint Stock Company (NN).

NN is a leading PET converter in Vietnam with long-standing relationships with major brands. It has four manufacturing sites in both the North and South of Vietnam. It has a total production capacity of approximately 5.5 billion units of PET preforms, bottles and closures, or equivalent to a PET conversion of 76,000 tons per annum.

  • Strengthening market position in Asia-Pacific

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, announces that it is in the process of acquiring shares in Ngoc Nghia Industry – Service – Trading Joint Stock Company (NN).

NN is a leading PET converter in Vietnam with long-standing relationships with major brands. It has four manufacturing sites in both the North and South of Vietnam. It has a total production capacity of approximately 5.5 billion units of PET preforms, bottles and closures, or equivalent to a PET conversion of 76,000 tons per annum.

Operating with high quality standards, NN is a trusted provider of PET packaging products to major multinational and Vietnamese brands in the beverage and non-beverage industries. Its business operations are run by an experienced management team with strong industry knowledge as well as local market exposure and understanding. These competitive advantages are strategic fits for IVL and would complement the company’s long-term growth after integration. This proposed acquisition will strengthen IVL’s market position in the packaging business in high growth markets of the Asia-Pacific region.

Mr. D K Agarwal, CEO of Combined PET, IOD and Fibers Business at Indorama Ventures, said, “This investment opportunity is in line with IVL’s business strategy of expanding our footprint in rising economies like Vietnam. The country is positioned to be the ASEAN production hub for the Asia-Pacific region. Moreover, Vietnam’s PET packaging market is expected to grow continuously due to strong growth in consumption and improving living standards. The proposed acquisition would foster sustainable growth in our largest business segment, Combined PET, which has been growing constantly to serve increasing demands globally.”

The acquisition process is required to follow the Law on Securities, its guiding decrees and circulars as required by the State Securities Commission of Vietnam and regulations of the Hanoi Stock Exchange. Through its affiliate, Indorama Netherlands B.V., IVL would be required to do the tender offer of all of NN’s shares. The transaction is expected to be completed by the first half of 2022.

Weitere Informationen:
IVL Indorama Ventures Limited PET
Quelle:

Indorama Ventures Public Company Limited

06.01.2022

Indorama Ventures in the in the Global Children's Rights and Business 2021 benchmark

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, has been recognized as an “Achiever” in the Global Children's Rights and Business 2021 benchmark by the Global Child Forum. The company has been ranked 7th out of 28 global chemical companies and is the only Southeast Asia-based company included in the Basic Materials category this year.

This recognition demonstrates IVL's commitment to supporting children's rights and child-friendly business practices in the workplace, marketplace, and community and environment by adopting Children's Rights and Business Principles (CRBP) of UNICEF. The company has a wide range of initiatives that ensure children’s rights, in line with the UN Sustainable Development Goals (SDGs) of good health and well-being, quality education, gender equality, clean water and sanitation, and decent work and economic growth.

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, has been recognized as an “Achiever” in the Global Children's Rights and Business 2021 benchmark by the Global Child Forum. The company has been ranked 7th out of 28 global chemical companies and is the only Southeast Asia-based company included in the Basic Materials category this year.

This recognition demonstrates IVL's commitment to supporting children's rights and child-friendly business practices in the workplace, marketplace, and community and environment by adopting Children's Rights and Business Principles (CRBP) of UNICEF. The company has a wide range of initiatives that ensure children’s rights, in line with the UN Sustainable Development Goals (SDGs) of good health and well-being, quality education, gender equality, clean water and sanitation, and decent work and economic growth.

Chief among IVL’s contributions to children’s rights is the Recycling Education program for the younger generation. The program aims at creating awareness and providing knowledge about recycling and waste separation, in which everyone can take part. By supporting youth as a priority, the program aims to educate future business and community leaders how to lead their organizations, communities, and other consumers in doing the right thing to protect our environment. During the past few years, the program has educated almost 50,000 people of which are students from more than 100 schools. Initiated in Thailand, IVL is now expanding the Recycling Education where it operates globally.

The State of Children's Rights and Business 2021 benchmark report is produced by the Global Child Forum, a leading children’s rights organization, and the Boston Consulting Group by surveying 832 large global companies in nine industries and assessing 27 standardized metrics from its Code of Conduct. This report focuses on the rights of children along with sustainability supervision based on publicly available information.

Weitere Informationen:
Indorama IVL SDG Global Child Forum
Quelle:

Indorama Ventures Public Company Limited

(c) Indorama Ventures Public Company Limited
23.12.2021

Indorama Ventures awarded by EcoVadis and ChemScore

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, has been awarded the Platinum Medal by EcoVadis Sustainability Assessment. The company also achieved first place in ChemScore, which ranks the world’s 50 largest chemical companies’ environmental credentials.

EcoVadis, a leading rating agency focusing on sustainability in the supply chain, awarded IVL its Platinum Medal, one of the highest awards for sustainability performance. IVL ranked in the top 1% of all companies assessed worldwide, with above industry-average performances in all four assessment areas, including environment, labor & human rights, ethics and sustainable procurement. IVL has continuously improved its ranking over five years, from the top 3% that it achieved in 2017.

ChemScore, which assesses one of the world's biggest chemical companies’ environmental impact and management of hazardous chemicals, is a respected sustainability benchmark in the chemical sector. IVL ranked 1st among 50 chemical companies accessed.

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, has been awarded the Platinum Medal by EcoVadis Sustainability Assessment. The company also achieved first place in ChemScore, which ranks the world’s 50 largest chemical companies’ environmental credentials.

EcoVadis, a leading rating agency focusing on sustainability in the supply chain, awarded IVL its Platinum Medal, one of the highest awards for sustainability performance. IVL ranked in the top 1% of all companies assessed worldwide, with above industry-average performances in all four assessment areas, including environment, labor & human rights, ethics and sustainable procurement. IVL has continuously improved its ranking over five years, from the top 3% that it achieved in 2017.

ChemScore, which assesses one of the world's biggest chemical companies’ environmental impact and management of hazardous chemicals, is a respected sustainability benchmark in the chemical sector. IVL ranked 1st among 50 chemical companies accessed.

Mr. Yash Lohia, Chief Sustainability Officer at Indorama Ventures, said, “Recognition by EcoVadis and ChemScore marks another milestone in IVL's sustainability journey. We view sustainability not only within our business, but also across our supply chain. Working with suppliers to improve practices and supporting our customers to achieve sustainability targets helps build the sustainability mindset throughout our sector. This collective action contributes toward the UN Sustainable Development Goals (SDGs). The awards are dedicated to our teams as they continue to do better in achieving our vision of being a world-class sustainable chemical company making great products for society.”

Quelle:

Indorama Ventures Public Company Limited

Indorama Ventures launches the industry's first report on contributions to UN Sustainable Development Goals (c) Indorama Ventures Public Company Limited
SDGs Report Cover
24.11.2021

Indorama Ventures launches the industry's first report on contributions to UN Sustainable Development Goals

Indorama Ventures Public Company Limited (IVL), a world-class sustainable chemical company, introduced the first independent Sustainable Development Goals (SDGs) Report developed by the private sector in Thailand. The report provides details of the company’s sustainability strategy, aligned with the United Nation’s SDGs.

Renaud Meyer, UN Development Programme (UNDP) Resident Representative to Thailand, said, “We support countries in achieving the UN Sustainable Development Goals through integrated solutions. Achieving the goals at global level requires the partnership of governments, private sector, civil society and citizens alike to make sure we leave a better planet for future generations. The Sustainable Development Goals Report developed by the private sector is one way to urge more constructive collaboration among sectors.”  

Indorama Ventures Public Company Limited (IVL), a world-class sustainable chemical company, introduced the first independent Sustainable Development Goals (SDGs) Report developed by the private sector in Thailand. The report provides details of the company’s sustainability strategy, aligned with the United Nation’s SDGs.

Renaud Meyer, UN Development Programme (UNDP) Resident Representative to Thailand, said, “We support countries in achieving the UN Sustainable Development Goals through integrated solutions. Achieving the goals at global level requires the partnership of governments, private sector, civil society and citizens alike to make sure we leave a better planet for future generations. The Sustainable Development Goals Report developed by the private sector is one way to urge more constructive collaboration among sectors.”  

The report presents IVL’s progress in achieving the UN Sustainable Development Goals. The company outlined five focus areas for contributing to the SDGs: Recycling and the Circular Economy, Climate Change and Energy, Environmental Stewardship, Health Safety and Well-being, and CSR and Collaborations. IVL believes it can have the greatest impact on these areas while also growing its business and bringing about constructive change. Activities in these five areas help IVL align with 13 of the 17 SDGs, totaling 39 targets.

Yash Lohia, Chief Sustainability Officer at Indorama Ventures, said, “Businesses can make a significant contribution to achieving the UN Sustainable Development Goals. IVL, as a responsible industry leader, is committed to contributing to the SDGs and addressing the world's environmental and economic concerns. We need to be accountable to our stakeholders, including our 25,000 employees and their families, our customers and industry partners. Furthermore, we believe that complying with the SDGs will provide us with considerable business prospects.