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Indorama Ventures awarded by EcoVadis Sustainability Assessment (c) Indorama Ventures
02.02.2024

Indorama Ventures awarded by EcoVadis Sustainability Assessment

Indorama Ventures Public Company Limited has been awarded the 'Platinum Medal' by EcoVadis Sustainability Assessment, underscoring the company's commitment to sustainability.

Indorama Ventures actively participates in the annual EcoVadis assessment to measure its sustainable practices, ensuring alignment with the diverse requirements of key customers across various business segments and operations. In the latest evaluation for 2024, the company achieved a Platinum Medal with a score of 80, surpassing last year’s score of 77. Indorama Ventures is ranked in the top 1% of all companies assessed within the primary industries of basic chemicals. The company demonstrated above industry-average performance in all four assessment areas: environment, labor human rights, ethics, and sustainable procurement.

Indorama Ventures Public Company Limited has been awarded the 'Platinum Medal' by EcoVadis Sustainability Assessment, underscoring the company's commitment to sustainability.

Indorama Ventures actively participates in the annual EcoVadis assessment to measure its sustainable practices, ensuring alignment with the diverse requirements of key customers across various business segments and operations. In the latest evaluation for 2024, the company achieved a Platinum Medal with a score of 80, surpassing last year’s score of 77. Indorama Ventures is ranked in the top 1% of all companies assessed within the primary industries of basic chemicals. The company demonstrated above industry-average performance in all four assessment areas: environment, labor human rights, ethics, and sustainable procurement.

Quelle:

Indorama Ventures

Indorama
19.12.2023

Indorama Ventures again a member of the DJSI World and DJSI Emerging Markets

Indorama Ventures Public Company Limited has been selected for inclusion in the Dow Jones Sustainability World Index (DJSI World) for the fifth consecutive year and the Dow Jones Sustainability Emerging Markets Index (DJSI Emerging Markets) for the seventh year in a row.

Indorama Ventures ranked in the 92nd percentile amongst 11 chemical companies eligible for listing out of 89 chemical companies invited, with a Corporate Sustainability Assessment (CSA) Score of 73 out of 100. The score reflects the company’s best-in-class performance in innovation management, covering product innovation, process innovation, and open innovation, which involves collaborative research and development with external organizations such as customers, suppliers, brand owners, and academic institutions. It also recognizes the company’s achievements in decarbonization, climate change resiliency and adaptation, plastic waste management and recycling, corporate social responsibility, and contribution to the Sustainable Development Goals (SDGs).

Indorama Ventures Public Company Limited has been selected for inclusion in the Dow Jones Sustainability World Index (DJSI World) for the fifth consecutive year and the Dow Jones Sustainability Emerging Markets Index (DJSI Emerging Markets) for the seventh year in a row.

Indorama Ventures ranked in the 92nd percentile amongst 11 chemical companies eligible for listing out of 89 chemical companies invited, with a Corporate Sustainability Assessment (CSA) Score of 73 out of 100. The score reflects the company’s best-in-class performance in innovation management, covering product innovation, process innovation, and open innovation, which involves collaborative research and development with external organizations such as customers, suppliers, brand owners, and academic institutions. It also recognizes the company’s achievements in decarbonization, climate change resiliency and adaptation, plastic waste management and recycling, corporate social responsibility, and contribution to the Sustainable Development Goals (SDGs).

15.11.2023

Indorama Ventures: 3Q23 Performance report

  • Revenue of US$3.9B, a decline of 1% QoQ and 20% YoY
  • EBITDA of US$324M, an increase of 1% QoQ and a decrease of 37% YoY
  • Operating cash flows of US$410M
  • Net Operating Debt to Equity of 0.97x
  • EPS of THB 0.00

Indorama Ventures Public Company Limited (IVL) reported stable third-quarter earnings as the company’s management focuses on conserving cash and improving competitiveness to bolster performance in a continued period of weakness in the global chemical industry.

Indorama Ventures achieved EBITDA of $324 million in 3Q23, an increase of 1% QoQ and a decline of 37% YoY, impacted by a weak economic environment, geopolitical tensions, and continued post-pandemic disruptions in global markets. Sales volumes dropped 5% from a year ago to 3.6 million tons as China recovers from the pandemic more slowly than expected and an extended period of destocking in the manufacturing and chemical sectors continues to normalize from unprecedented levels last year.

  • Revenue of US$3.9B, a decline of 1% QoQ and 20% YoY
  • EBITDA of US$324M, an increase of 1% QoQ and a decrease of 37% YoY
  • Operating cash flows of US$410M
  • Net Operating Debt to Equity of 0.97x
  • EPS of THB 0.00

Indorama Ventures Public Company Limited (IVL) reported stable third-quarter earnings as the company’s management focuses on conserving cash and improving competitiveness to bolster performance in a continued period of weakness in the global chemical industry.

Indorama Ventures achieved EBITDA of $324 million in 3Q23, an increase of 1% QoQ and a decline of 37% YoY, impacted by a weak economic environment, geopolitical tensions, and continued post-pandemic disruptions in global markets. Sales volumes dropped 5% from a year ago to 3.6 million tons as China recovers from the pandemic more slowly than expected and an extended period of destocking in the manufacturing and chemical sectors continues to normalize from unprecedented levels last year.

Management continues to focus on conserving cash, realizing efficiency improvements, and optimizing the company’s operational footprint to boost profitability. These efforts resulted in positive operating cash flow of US$410 million in the quarter, positive free cash flow of $79 million year to date, and room for further reductions in working capital going forward. The company’s AA- rating was maintained by TRIS in the quarter, with a stable outlook. 

The company expects the operating environment to improve in 2024 as customer destocking continues to ease across all three of Indorama Ventures’ segments. The ramp up of PET and fibers expansion projects operations in India and the U.S. will also contribute to increased volumes.  

Combined PET posted EBITDA of $146 million, a 25% decline QoQ, amid historically low benchmark PET margins, increased feedstock prices in Western markets, and lingering effects of destocking. Integrated Oxides and Derivatives (IOD) segment posted a 27% rise in EBITDA to $119 million QoQ, supported by strong MTBE margins in the Integrated Intermediates business. The Integrated Downstream portfolio’s profitability was impacted by destocking, inflationary pressures, and margin pressure from imports. Fibers segment achieved a 140% increase in EBITDA to $48 million QoQ as Lifestyle volumes grew in key markets in Asia, and the Mobility and Hygiene verticals benefited from management’s focus on optimizing operations and refocusing the organization. 
 

Quelle:

Indorama Ventures Public Company Limited

09.10.2023

Carbios: 2023 Half-Year Results

  • Confirmation of industrial and commercial targets with the construction in France of the world's first plant using Carbios' PET biorecycling technology: progress in line with the target of commissioning the unit in 2025
  • Exclusive global partnership with Novozymes, guaranteeing the supply of enzymes on an industrial scale for Carbios' PET biorecycling plant and all future licensed plants
  • Consolidation of the partnership with Indorama Ventures, which plans to raise around €110 million for this first plant
  • 54 million in aid from the French government via France 2030 and the Grand-Est Region to finance construction of the plant and accelerate R&D work
  • Strengthening of the Carbios Group's financial structure: successful capital increase of €141 million with French and international investors
  • Carbios Group cash position of €78 million at 30 June 2023, not including the net proceeds of the €141 million capital increase received in the second half of 2023
  • Confirmation of industrial and commercial targets with the construction in France of the world's first plant using Carbios' PET biorecycling technology: progress in line with the target of commissioning the unit in 2025
  • Exclusive global partnership with Novozymes, guaranteeing the supply of enzymes on an industrial scale for Carbios' PET biorecycling plant and all future licensed plants
  • Consolidation of the partnership with Indorama Ventures, which plans to raise around €110 million for this first plant
  • 54 million in aid from the French government via France 2030 and the Grand-Est Region to finance construction of the plant and accelerate R&D work
  • Strengthening of the Carbios Group's financial structure: successful capital increase of €141 million with French and international investors
  • Carbios Group cash position of €78 million at 30 June 2023, not including the net proceeds of the €141 million capital increase received in the second half of 2023
Weitere Informationen:
Carbios Indorama half-year results
Quelle:

Carbios

25.09.2023

Indorama Ventures recycles 100 billion PET bottles

Indorama Ventures Public Company Limited, a global sustainable chemical company, announced that it has recycled 100 billion post-consumer PET bottles since February 2011. This has diverted 2.1 million tons of waste from the environment and saved 2.9 million tons of carbon footprint from the product lifecycles. Demonstrating its commitment to support the establishment of a circular economy for PET, in the last ten years Indorama Ventures has spent more than $1 billion towards waste collection of used PET bottles.

Indorama Ventures Public Company Limited, a global sustainable chemical company, announced that it has recycled 100 billion post-consumer PET bottles since February 2011. This has diverted 2.1 million tons of waste from the environment and saved 2.9 million tons of carbon footprint from the product lifecycles. Demonstrating its commitment to support the establishment of a circular economy for PET, in the last ten years Indorama Ventures has spent more than $1 billion towards waste collection of used PET bottles.

The company has also committed a further $1.5 billion to expand its recycling business. To support increased recycling rates globally, Indorama Ventures has expanded its recycling facilities, infrastructure, and public education programs. The unique PET plastic used in soft drinks and water bottles is fully recyclable and is collected in practice and at scale. As a result, PET is the most recycled plastic in the world, and the company’s recycling achievements support that. Building on its position as the world’s largest producer of recycled resin used in plastic beverage bottles, Indorama Ventures is also seeking advanced technologies to deliver more recycling infrastructure globally and reduce lifecycle carbon emissions.

The company now has 20 recycling sites in Asia, the Americas, and Europe. Recent developments include doubling the capacity of a recycling site in Brazil; and the opening of PETValue, the largest bottle-to-bottle recycling facility in the Philippines, in partnership with Coca-Cola. Both part of a $300 million ‘Blue Loan’ Indorama Ventures received in 2020 from the International Finance Corporation (IFC), part of the World Bank, and Asian Development Bank. The loan has the objective of increasing recycling capacity and diverting plastic waste from landfills and oceans in Thailand, Indonesia, Philippines, India, and Brazil - countries seeking support in managing environmental waste. Indorama Ventures has also partnered with the Yunus Foundation, a leading non-profit organization promoting sustainable development with a global network, with the goal of educating one million consumers globally about recycling by 2030 with 200,000 reached so far.

Weitere Informationen:
Indorama Ventures Limited PET
Quelle:

Indorama

18.08.2023

Indorama Ventures: Performance Summary of 2Q23

  • Revenue of US$4B, a decline of 1% QoQ and 27% YoY
  • Reported EBITDA of US$321M, an increase of 7% QoQ and decrease of 68% YOY
  • Operating cash flows of US$491M
  • Net Operating Debt to Equity of 0.95x
  • Reported EPS of THB 0.04

Indorama Ventures Public Company Limited (IVL) reported marginally improved quarterly earnings as the company’s inherent advantages and continued focus on improving competitiveness helped bolster its business amid a continued weak operating environment.

  • Revenue of US$4B, a decline of 1% QoQ and 27% YoY
  • Reported EBITDA of US$321M, an increase of 7% QoQ and decrease of 68% YOY
  • Operating cash flows of US$491M
  • Net Operating Debt to Equity of 0.95x
  • Reported EPS of THB 0.04

Indorama Ventures Public Company Limited (IVL) reported marginally improved quarterly earnings as the company’s inherent advantages and continued focus on improving competitiveness helped bolster its business amid a continued weak operating environment.

Indorama Ventures achieved Reported EBITDA of $321 million in 2Q23, an increase of 7% QoQ and a decline of 68% YoY. Sales volumes remained resilient, rising 4% QoQ, amid continued destocking in the global chemicals industry from its peak in 4Q last year. Management is taking steps to conserve cash and safeguard the company’s competitive advantages as the global industry is impacted by increased capacity and lower margins with China boosting exports to offset muted domestic demand. Measures include redoubling efforts to reduce working capital and capex targeting $500 million of cash savings this year, optimizing the company’s European manufacturing footprint, and continued focus on Project Olympus, digitalization, and organizational enhancement.

Volumes are expected to improve in the second half of the year, with all three of Indorama Ventures’ business segments benefiting from the management measures and a gradual improvement in the outlook for the industry. Combined PET, the company’s largest segment, posted Reported EBITDA of $194 million, a 37% increase QoQ as destocking eased in most markets and supported stable volumes. Sales volumes are expected to grow in the second half of the year as manufacturing is optimized in Europe and expansion projects ramp up in India.

Fibers segment achieved Reported EBITDA of $20 million, a decrease of 37% QoQ, impacted by lower margins in the Lifestyle vertical and weak demand for Hygiene products in Europe. Volumes are expected to improve as manufacturing in Europe is optimized and expansion projects come online in the U.S and India. Mobility fibers volumes will see improvement in line with increasing automotive demand. Integrated Oxides and Derivatives (IOD) segment posted a 27% decline in QoQ Reported EBITDA to $94 million amid destocking in Crop Solutions market. Volumes will continue to be supported by reducing levels of destocking in the downstream portfolio.

Quelle:

Indorama Ventures Public Company Limited

Photo Indorama Ventures Public Company Limited
08.08.2023

Indorama Ventures almost triples PET recycling capacity in Brazil

Indorama Ventures Public Company Limited, one of the world’s largest producers of recycled Polyethylene Terephthalate (PET) resin, announced the completion of the expansion of its recycling facility in Brazil, supported by a ‘Blue Loan’ from the International Finance Corporation (IFC), a member of the World Bank.

The recycling facility, located in Juiz de Fora, Minas Gerais, Brazil, is increasing its production capacity from 9 thousand tons to 25 thousand tons per year of PET made from post-consumer recycled (PET-PCR) material. The project is part of Indorama Ventures’ Vision 2030 ambition to continue building a sustainable global company, including spending $1.5 billion to increase its recycling capacity to 50 billion PET bottles per year by 2025.

PET is a unique and widely used plastic for water and soda bottles and the most recycled plastic in the world. Indorama Ventures, the world’s largest provider of recycled PET resin used to make beverage bottles, invested US$20 million to optimize its Brazil facility’s processes and acquire new equipment such as washing machines to help remove labels, grind bottles in water and reduce water consumption by 70%.

Indorama Ventures Public Company Limited, one of the world’s largest producers of recycled Polyethylene Terephthalate (PET) resin, announced the completion of the expansion of its recycling facility in Brazil, supported by a ‘Blue Loan’ from the International Finance Corporation (IFC), a member of the World Bank.

The recycling facility, located in Juiz de Fora, Minas Gerais, Brazil, is increasing its production capacity from 9 thousand tons to 25 thousand tons per year of PET made from post-consumer recycled (PET-PCR) material. The project is part of Indorama Ventures’ Vision 2030 ambition to continue building a sustainable global company, including spending $1.5 billion to increase its recycling capacity to 50 billion PET bottles per year by 2025.

PET is a unique and widely used plastic for water and soda bottles and the most recycled plastic in the world. Indorama Ventures, the world’s largest provider of recycled PET resin used to make beverage bottles, invested US$20 million to optimize its Brazil facility’s processes and acquire new equipment such as washing machines to help remove labels, grind bottles in water and reduce water consumption by 70%.

In November 2020, the IFC provided $300 million in Blue Loan funding to Indorama Ventures with the objective of increasing recycling capacity and diverting plastic waste from landfills and oceans in Thailand, Indonesia, Philippines, India, and Brazil—countries which are grappling with mismanaged waste and serious plastic waste in the environment. Blue Loan funds are certified and tracked for projects that support sustainable use of ocean resources for economic growth, improved livelihoods and jobs, and ocean ecosystem health. Indorama Ventures has secured a total US$2.4 billion in long-term sustainable financing from various financial institutions between 2018–2022 to support sustainability projects.

Quelle:

Indorama Ventures Public Company Limited 

24.07.2023

Indorama Ventures and SMBC: Thailand’s first sustainability-linked Trade Finance facility

Indorama Ventures Public Company Limited and Sumitomo Mitsui Banking Corporation (SMBC) signed Thailand’s first sustainability-linked Trade Finance facility of US$50 million to support Indorama Ventures’ contributions to its ambitious sustainability commitment. This new facility reflects Indorama Ventures’ leadership in leveraging sustainable financing in Thailand.

The new facility is short-term working capital finance linked to the company’s sustainability performance targets, including reducing greenhouse gas (GHG) emissions intensity by 10% by 2025 (from a 2020 base), increasing post-consumer PET bale input for recycling to 750,000 tons by 2025, and boosting renewable electricity consumption to 25% by 2030.

Indorama Ventures Public Company Limited and Sumitomo Mitsui Banking Corporation (SMBC) signed Thailand’s first sustainability-linked Trade Finance facility of US$50 million to support Indorama Ventures’ contributions to its ambitious sustainability commitment. This new facility reflects Indorama Ventures’ leadership in leveraging sustainable financing in Thailand.

The new facility is short-term working capital finance linked to the company’s sustainability performance targets, including reducing greenhouse gas (GHG) emissions intensity by 10% by 2025 (from a 2020 base), increasing post-consumer PET bale input for recycling to 750,000 tons by 2025, and boosting renewable electricity consumption to 25% by 2030.

Indorama Ventures has secured a total US$2.4 billion in long-term sustainable financing from various national and international financial institutions between 2018–2022. The funds are supporting the company’s expansion and sustainability projects in line with its strategy under Vision 2030 as a purposeful company with ESG at its core.

Quelle:

Indorama Ventures Public Company Limited 

Innovation Award for Indorama Ventures and Polymateria Photo Indorama Ventures
21.07.2023

INDA Innovation Award for Indorama Ventures and Polymateria's Biotransformation Technology

Indorama Ventures, in partnership with Polymateria, has been honoured with the INDA Innovation Award for their collaboration in developing pioneering Biotransformation technology to create wipes, which totally biodegrade, leaving no harmful substance or microplastics behind.

The award was presented at the recent World of Wipes International Conference in Atlanta, USA, and recognizes the level of technical innovation and investment that led to developing wipes that both deliver against the sustainability challenges of today while meeting the demands of Indorama Ventures’ customers worldwide.

Through its 10-year partnership agreement with technology innovator Polymateria, Indorama Ventures is applying Polymateria’s unique biotransformation technology to fibers and spunmelt nonwovens. Biotransformation is the world's first biodegradation technology that is capable of delivering full biological consumption of Polyolefin products in the open terrestrial environment. Polyolefin-based materials produced by this technology are especially useful for applications where materials may be leaked into the environment as unmanaged waste.

Indorama Ventures, in partnership with Polymateria, has been honoured with the INDA Innovation Award for their collaboration in developing pioneering Biotransformation technology to create wipes, which totally biodegrade, leaving no harmful substance or microplastics behind.

The award was presented at the recent World of Wipes International Conference in Atlanta, USA, and recognizes the level of technical innovation and investment that led to developing wipes that both deliver against the sustainability challenges of today while meeting the demands of Indorama Ventures’ customers worldwide.

Through its 10-year partnership agreement with technology innovator Polymateria, Indorama Ventures is applying Polymateria’s unique biotransformation technology to fibers and spunmelt nonwovens. Biotransformation is the world's first biodegradation technology that is capable of delivering full biological consumption of Polyolefin products in the open terrestrial environment. Polyolefin-based materials produced by this technology are especially useful for applications where materials may be leaked into the environment as unmanaged waste.

“We are constantly innovating to live up to our responsibility to optimize the Earth’s resources, as we combine nature and science in our Biotransformation PP - designed to be recycled or returned to nature,” he said. “By bringing Biotransformation technology to Hygiene markets, we hope to offer a real-world solution to waste management. We particularly hope to address aspects of the creation of fugitive waste and remove this from the environment without causing additional, and potentially more dangerous, problems.”

FIDIVI Tessitura Vergnano S.p.A./ Nabucco 6075 Reale © Foto: Indorama Ventures Fibers Germany GmbH / FIDIVI Tessitura Vergnano S.p.A./ Nabucco 6075 Reale
06.06.2023

Trevira CS auf der Cruise Ship Interiors Design Expo Americas

Trevira CS stellt erstmalig auf der CSI Miami (Cruise Ship Interiors Design Expo Americas) aus. Die Messe bringt am 6. und 7. Juni 2023 im Miami Beach Convention Center die Einkäufer und Lieferanten zusammen, die sich mit der Innenausstattung von Kreuzfahrtschiffen beschäftigen, darunter Innenarchitekten, Architekten, Ausstatter, Werften und Zulieferer. Trevira CS Stoffe kommen als Gardinen, Vorhänge, Dekorations- und Möbelstoffe, im innenliegenden Sonnenschutz sowie als Wandverkleidungen oder Raumteiler zum Einsatz.
 

Trevira CS stellt erstmalig auf der CSI Miami (Cruise Ship Interiors Design Expo Americas) aus. Die Messe bringt am 6. und 7. Juni 2023 im Miami Beach Convention Center die Einkäufer und Lieferanten zusammen, die sich mit der Innenausstattung von Kreuzfahrtschiffen beschäftigen, darunter Innenarchitekten, Architekten, Ausstatter, Werften und Zulieferer. Trevira CS Stoffe kommen als Gardinen, Vorhänge, Dekorations- und Möbelstoffe, im innenliegenden Sonnenschutz sowie als Wandverkleidungen oder Raumteiler zum Einsatz.
 
Auf dem Trevira CS Stand können sich Besucher ein Bild von dem breiten Angebot an schwer entflammbaren Stoffen machen, die für den Einsatz an Bord von Kreuzfahrtschiffen geeignet sind. Gezeigt werden 53 Stoffe von 20 Trevira CS Kunden, die entweder über eine IMO- Zertifizierung verfügen und/oder nach den im Schifffahrtsbereich geforderten Brandschutznormen (FTP Code) getestet sind. Trevira CS Stoffe sind inhärent schwer entflammbar, d. h. ihre flammhemmenden Eigenschaften lassen sich weder auswaschen noch gehen sie durch Alterung oder Gebrauch verloren. Dies ist auf den chemischen Aufbau der Polyesterfaser zurückzuführen: die schwer entflammbaren Eigenschaften sind fest in der Faser verankert und können durch äußere Einflüsse nicht verändert werden. Eine oberflächlich aufgebrachte Flammschutzausrüstung ist daher nicht erforderlich.

Im Schifffahrtsbereich sind die Anforderungen an Textilien nicht nur in puncto Brandschutz hoch, sondern auch, wenn es um Lichtbeständigkeit und Haltbarkeit geht. Dies gilt insbesondere für Textilien, die im Outdoor-Bereich eingesetzt werden. Diese müssen extrem robust sein, da sie Feuchtigkeit und Sonneneinstrahlung ausgesetzt sind. Um diesen Anforderungen gerecht zu werden, hat Trevira CS eine Palette von 30 neuen spinngefärbten, UV-stabilen Filamentgarnen herausgebracht.

Spinngefärbte Garne sind nachhaltiger als garngefärbte Produkte, denn die aus ihnen hergestellten Stoffe können umweltschonender hergestellt werden als Textilien, die im Stück gefärbt werden oder aus bunt gefärbten Garnen bestehen. Bei der Stoffherstellung ist das Färben und Veredeln von Stoffen für einen großen Teil des Ressourcenverbrauchs und des Einsatzes von Chemikalien sowie Wasser verantwortlich. Setzt man spinngefärbte Garne ein, spart man sich diese Prozessschritte, denn das Garn kommt bereits in der gewünschten Farbe aus der Spinndüse.

Trevira CS Stoffe sind in recycelten Varianten verfügbar. Sie bestehen aus Faser- und Filamentgarnen, die in unterschiedlichen Recyclingprozessen gewonnen werden. Filamentgarne werden unter Nutzung von recycelten PET-Flaschen hergestellt, sie enthalten einen Anteil von 50 % Post-Consumer Recyclingmaterial. Recycelte Fasern werden unter Nutzung einer Agglomerationsanlage und in weiteren Prozessschritten aus wiederverwertbaren Wertstoffen aus der Produktion gewonnen und bestehen zu 100 % aus Recyclingmaterial (Pre-Consumer-Recycling). Alle flammhemmenden recycelten Trevira® Produkte sind GRS (Global Recycled Standard) zertifiziert.

Stoffe, die aus diesen Garnen hergestellt wurden, sind mit der Marke Trevira CS eco gekennzeichnet. Voraussetzung hierfür ist ein Recyclinganteil von mindestens 50 %. Unter den auf dem Trevira CS Messestand präsentierten Stoffen befinden sich 8 Stoffe der Marke Trevira CS eco.

Das langfristige Ziel bei der Entwicklung von nachhaltigen Trevira CS Produkten ist der Einstieg in eine geschlossene Kreislaufwirtschaft. Hierfür wurden flammhemmende Fasern und Filamentgarne aus chemisch recyceltem Rohstoff hergestellt. Ausgangsmaterial waren hier PET-Flaschen, allerdings können auch andere PET-Wertstoffe wie Verpackungsmaterial oder Textilien verwendet werden. Beim chemischen Recycling kommt es zur Depolymerisation, einer Sequenz von chemischen Reaktionen, bei der die Polymerketten wieder in ihre ursprünglichen Bestandteile, d. h. die Monomere zerlegt werden. In einem weiteren Prozessschritt werden Verunreinigungen entfernt. Bevor der Prozess der Polymerisation eingeleitet wird, wird noch ein geringer Anteil MEG (Monoethylenglycol) zugeführt.

Wie bei der Herstellung des „virgin“ Rohstoffs für Trevira CS wird die flammhemmende Modifikation bei der Polymerisation eingefügt. Auf diese Weise werden die schwer entflammbaren Eigenschaften dauerhaft im Polymer verankert.

Durch die Verwertung von Wertstoffen wie z. B. Verpackungsmaterial werden Abfälle vermieden, indem sie einer Wiederverwertung zugeführt werden. Der Rohstoff ist mit dem Ursprungsmaterial vergleichbar und kann wieder in hochwertigen Produkten zum Einsatz kommen.

Quelle:

Indorama Ventures Fibers Germany GmbH

(c) Indorama Ventures Public Company Limited
17.05.2023

Indorama Ventures upgraded MSCI ESG Ratings

Indorama Ventures Public Company Limited, a global sustainable chemical producer, was upgraded to "A" from "BBB" in MSCI’s ESG rating, reaffirming the company’s effective management of sustainability related risks and opportunities.

MSCI (Morgan Stanley Capital International), an independent provider of research-based indices and analytics, ranked Indorama Ventures among the top 14% of 65 companies worldwide in the commodity chemicals industry. The rating has placed it in the top quartile for opportunities in clean tech, water stress, corporate governance, and corporate behavior.

Indorama Ventures Public Company Limited, a global sustainable chemical producer, was upgraded to "A" from "BBB" in MSCI’s ESG rating, reaffirming the company’s effective management of sustainability related risks and opportunities.

MSCI (Morgan Stanley Capital International), an independent provider of research-based indices and analytics, ranked Indorama Ventures among the top 14% of 65 companies worldwide in the commodity chemicals industry. The rating has placed it in the top quartile for opportunities in clean tech, water stress, corporate governance, and corporate behavior.

Indorama Ventures is committed to reducing water intensity by 10% by 2025 and 20% by 2030. It developed a Water Risk Assessment Report on its contributions to achieving sustainable management of water targets and the United Nations Sustainable Development Goals (UN SDGs). For improved corporate governance, the company provides whistleblowers with protection from retaliation, and has policies on business ethics and anti-corruption. Relating to opportunities in clean tech, Indorama Ventures’ is investing in recycling technology and biomass feedstock under its Vision 2030, and is also investing in operational efficiencies, carbon capture technology, renewable energy, and phasing out coal to reduce Scope 1 and Scope 2 greenhouse gas emissions.

MSCI ESG Ratings aim to measure a company’s resilience to long-term ESG risks. Companies are scored on an industry-relative AAA-CCC scale across the most relevant key issues based on a company’s business model. Investors, including pension funds, sovereign wealth funds, endowments, and asset managers, commonly consider the ratings to assess financial risks in the investment process.

Quelle:

Indorama Ventures Public Company Limited

12.05.2023

Nach PHP Fibers firmiert auch Trevira GmbH neu

Die Muttergesellschaft Indorama Ventures PCL ändert die Namen ihrer juristischen Einheiten, die noch nicht „Indorama Ventures“ im Namen tragen:
Zum 1. Mai wurde aus der PHP Fibers GmbH bereits die Indorama Ventures Mobility Obernburg GmbH.

Jetzt zieht mit der Trevira GmbH die nächste Tochtergesellschaft nach und firmiert künftig als Indorama Ventures Fibers Germany GmbH. Die Trevira® Produktnamen und -logos (Trevira CS etc.) bleiben unverändert.

Die Muttergesellschaft Indorama Ventures PCL ändert die Namen ihrer juristischen Einheiten, die noch nicht „Indorama Ventures“ im Namen tragen:
Zum 1. Mai wurde aus der PHP Fibers GmbH bereits die Indorama Ventures Mobility Obernburg GmbH.

Jetzt zieht mit der Trevira GmbH die nächste Tochtergesellschaft nach und firmiert künftig als Indorama Ventures Fibers Germany GmbH. Die Trevira® Produktnamen und -logos (Trevira CS etc.) bleiben unverändert.

10.05.2023

Indorama Ventures reports improved quarterly earnings

  • 1Q23 Performance Summary
  • Revenue of US$4B, an increase of 3% QoQ and a decline of 9% YoY
  • Reported EBITDA of US$301M, an increase of 269% QoQ and decrease of 62% YOY
  • Operating cash flows of US$201M
  • Net Operating Debt to Equity of 1.00x
  • Reported EPS of THB 0.14

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, reported improved quarterly earnings as headwinds continue to ease from the previous quarter’s peaks, although still below normalized levels. The company continues to focus on enhancing its global competitiveness as the full benefit of China’s reopening spurs volumes through the year, and as volatile energy costs and the destocking trend by customers begin to normalize.

  • 1Q23 Performance Summary
  • Revenue of US$4B, an increase of 3% QoQ and a decline of 9% YoY
  • Reported EBITDA of US$301M, an increase of 269% QoQ and decrease of 62% YOY
  • Operating cash flows of US$201M
  • Net Operating Debt to Equity of 1.00x
  • Reported EPS of THB 0.14

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, reported improved quarterly earnings as headwinds continue to ease from the previous quarter’s peaks, although still below normalized levels. The company continues to focus on enhancing its global competitiveness as the full benefit of China’s reopening spurs volumes through the year, and as volatile energy costs and the destocking trend by customers begin to normalize.

Indorama Ventures achieved Reported EBITDA of $301 million in 1Q23, an increase of 269% QoQ and a decline of 62% YoY. Sales volumes dropped 8% YoY amid the heavy destocking trend that is impacting the chemical industry globally, although volumes rose 5% QoQ as the pace of destocking begins to slow from the peak in 4Q22. With China reopening from pandemic lockdowns and economic activity increasing, there has been marginal improvement in benchmark spreads, albeit below historical levels. In Europe, the warmer-than-expected winter contributed to lower energy prices and alleviated the cost pressures faced last year.

The Group reported an overall decline in Q1 earnings on a year-on-year basis as continued destocking by customers kept sales volumes below consumer consumption levels. CPET posted Reported EBITDA of $142 million, a 74% decrease YoY as sales volumes dropped 9%. Fibers segment achieved Reported EBITDA of $32 million, a decrease of 69% YoY as all three verticals reported declining sales. Integrated Oxides and Derivatives (IOD) segment posted a 4.4% growth in YoY Reported EBITDA to $128 million as volumes rose 4.4% YoY.

Quelle:

Indorama Ventures Public Company Limited

05.05.2023

Indorama Ventures in Obernburg fokussiert sich auf Automobil-Sektor und Spezialitäten

Indorama Ventures am Standort Obernburg wird sich in Zukunft konsequent auf die Kernmärkte Reifen und Automobil-Sicherheit/Airbag sowie Spezialitäten fokussieren und ausgewählte Produkt-Innovationen für die Anwendung in neuen Marktsegmenten vorantreiben. Entsprechend plant das Unternehmen, seine Kapazitäten anzupassen und bis Jahresende etwa 80 der derzeit rund 620 Arbeitsplätze in Produktion und Verwaltung abzubauen.

„Der weltweite Wettbewerbsdruck in der Chemiefaserindustrie hält unverändert an“, sagt Stefan Braun, Geschäftsführer des Unternehmens im Industrie Center Obernburg. „Während unsere Kunden uns als einen ihrer führenden Technologiepartner insbesondere in der Entwicklung und Herstellung von Nylon-Garnen schätzen, ist der Kostendruck bei der Herstellung einzelner Polyester-basierter Garne in den vergangenen Jahren kontinuierlich gestiegen. Wir sind deshalb überzeugt, dass wir mit der Fokussierung auf unsere Kernkompetenzen die richtige Entscheidung getroffen haben, um langfristig erfolgreich zu bleiben.“

Indorama Ventures am Standort Obernburg wird sich in Zukunft konsequent auf die Kernmärkte Reifen und Automobil-Sicherheit/Airbag sowie Spezialitäten fokussieren und ausgewählte Produkt-Innovationen für die Anwendung in neuen Marktsegmenten vorantreiben. Entsprechend plant das Unternehmen, seine Kapazitäten anzupassen und bis Jahresende etwa 80 der derzeit rund 620 Arbeitsplätze in Produktion und Verwaltung abzubauen.

„Der weltweite Wettbewerbsdruck in der Chemiefaserindustrie hält unverändert an“, sagt Stefan Braun, Geschäftsführer des Unternehmens im Industrie Center Obernburg. „Während unsere Kunden uns als einen ihrer führenden Technologiepartner insbesondere in der Entwicklung und Herstellung von Nylon-Garnen schätzen, ist der Kostendruck bei der Herstellung einzelner Polyester-basierter Garne in den vergangenen Jahren kontinuierlich gestiegen. Wir sind deshalb überzeugt, dass wir mit der Fokussierung auf unsere Kernkompetenzen die richtige Entscheidung getroffen haben, um langfristig erfolgreich zu bleiben.“

Der Stellenabbau betrifft sowohl die Produktion als auch Positionen in der Verwaltung und im Vertrieb. Gemeinsam haben Vertreter des Unternehmens und des Betriebsrats die Mitarbeiter am 04.05.2023 über die aktuelle Lage informiert.

Das Ziel ist es, den Stellenabbau so sozialverträglich wie möglich zu gestalten. „Beschäftigten, die in naher Zukunft das Rentenalter erreichen und das Unternehmen frühzeitig verlassen möchten, stehen wir gesprächsbereit gegenüber“, erklärt Stefan Braun. Unternehmen und Arbeitnehmervertreter verständigen sich in den kommenden Wochen über geeignete Maßnahmen.

Quelle:

Indorama Ventures Mobility Obernburg GmbH

(c) IVL
26.04.2023

Indorama Ventures joins “Together for Sustainability” initiative

Indorama Ventures Public Company Limited (IVL) has joined “Together for Sustainability” (TfS), a global initiative for sustainable supply chains. Indorama Ventures joins a network of 47 TfS member companies representing the global chemical industry, reinforcing its commitment to driving sustainable solutions in its supply chain management.

Indorama Ventures Public Company Limited (IVL) has joined “Together for Sustainability” (TfS), a global initiative for sustainable supply chains. Indorama Ventures joins a network of 47 TfS member companies representing the global chemical industry, reinforcing its commitment to driving sustainable solutions in its supply chain management.

By joining TfS, Indorama Ventures is encouraging suppliers to meet high sustainability standards, reduce the risk of supply chain disruptions, and improve overall climate maturity. The collaboration will help foster an expansion of the company’s sustainable supply chain program. The company will contribute to the TfS Scope 3 Greenhouse Gas (GHG) workstream that developed and finetunes the Guideline for calculating Product Carbon Footprints (PCFs) in the chemical industry and beyond and, will develop an IT solution that will enable companies to share PCFs efficiently. This membership allows Indorama Ventures to further align with the UN Global Compact Principles.
 
Through this initiative, Indorama Ventures will also be partnering with EcoVadis to assess their suppliers to identify risks and opportunities along the value chain, improve sustainability practices, and encourage collaboration among members.

Quelle:

Indorama Ventures Public Company Limited 

15.03.2023

Indorama Ventures and Polymateria sign partnership for biodegradable hygiene products

Indorama Ventures Public Company Limited (IVL) and technology specialist Polymateria Limited have signed an exclusive 10-year partnership to help household brands bring biodegradable nonwoven hygiene products to the market through biotransformation technology.

This collaboration provides a new solution for dealing with essential items like facemasks and wipes once they have been used, ensuring they can return safely to nature without leaving behind any microplastics or toxic residue. It is specifically designed to tackle plastic leaking into the environment as unmanaged waste, meaning it is neither collected for landfill nor recycled. Given that most of the plastic in our oceans originates as unmanaged waste on land, addressing the unmanaged waste challenge is key.

Indorama Ventures Public Company Limited (IVL) and technology specialist Polymateria Limited have signed an exclusive 10-year partnership to help household brands bring biodegradable nonwoven hygiene products to the market through biotransformation technology.

This collaboration provides a new solution for dealing with essential items like facemasks and wipes once they have been used, ensuring they can return safely to nature without leaving behind any microplastics or toxic residue. It is specifically designed to tackle plastic leaking into the environment as unmanaged waste, meaning it is neither collected for landfill nor recycled. Given that most of the plastic in our oceans originates as unmanaged waste on land, addressing the unmanaged waste challenge is key.

IVL’s right to use Polymateria’s unique biotransformation technology for nonwovens supports application in non-virgin resin recycling while providing a solution for ‘fugitive’ used articles, especially those items that end up in the natural environment. This biotransformation process involves the plastic transforming into a bioavailable wax in the open terrestrial environment, whereupon the wax is fully consumed by bacteria, microbes and fungi, leaving just carbon dioxide, water, and biomass. The pulp component is inherently biodegradable under similar conditions.

Nonwovens made by IVL using Polymateria’s technology have been independently tested against, and meet the criteria in, the BSI PAS 9017 standard for the biodegradation of polyolefins in an open-air terrestrial environment published by the British Standards Institution in October 2020. This standard and/or its criteria – the first in the world to ensure plastic can biotransform in the open terrestrial environment without creating any microplastics – is being adopted around the world including in India, Malaysia, the Philippines and Hungary.

Quelle:

Indorama Ventures Public Company Limited

10.03.2023

Indorama Ventures: FY22 financial performance

Indorama Ventures Public Company Limited (IVL) reported a record FY22 financial performance from the company’s global manufacturing footprint serving end-consumers’ resilient need for daily necessities. The unusually high level of customer destocking that weighed on the fourth quarter result is expected to have leveled out and business should return to normal operating conditions, with China’s reopening to further spur demand.

Indorama Ventures Public Company Limited (IVL) reported a record FY22 financial performance from the company’s global manufacturing footprint serving end-consumers’ resilient need for daily necessities. The unusually high level of customer destocking that weighed on the fourth quarter result is expected to have leveled out and business should return to normal operating conditions, with China’s reopening to further spur demand.

Full-year Core EBITDA climbed 31% YoY to $2.3 billion as revenue rose 28% to a record $18.8 billion. The company recorded strong cash flows of $2.2 billion, up 111% YoY. Indorama Ventures’ geographically diversified, integrated platform, backed by management’s agility, withstood unprecedented global events to generate earnings through the business cycle. During the year, the company continued to focus on its growth plan, successfully integrating its strategic surfactants business in Latin America and Vietnamese packaging acquisition. A dedicated senior team is working tirelessly and is committed to the company’s ‘Vision 2030’ sustainability goals including recycling technologies and introducing biomass feedstock to the company’s product portfolio. The ongoing ‘Project Olympus’ cost transformation program delivered an annual run rate of $449 million in efficiencies.

The annual result was impacted by an unusually challenging final quarter as fears of a recession and reduced transit times led to widespread destocking by customers. 4Q22 Core EBITDA declined 43% YoY to $264 million on a 1% drop in revenue to $3.9 billion. The pandemic lockdown in China also continued into the final quarter, reducing factory demand across Indorama Ventures’ portfolio and resulting in narrower margins from lower prices and higher costs. Higher energy and utility costs impacted European operations as the war in Ukraine continued into the winter.

To improve competitiveness and build resilience, Indorama Ventures rationalized underperforming assets in the Fibers business in Europe and a PTA site in Asia, resulting in a $7 million cash impairment in 4Q22 and a $253 million non-cash impact. As a result, the company looks forward to a $38 million uplift in EBITDA in 2023, reaching up to $65 million by 2025.

Quelle:

Indorama Ventures Public Company Limited

IVL
21.02.2023

Gold Medal by EcoVadis for Indorama Ventures

Indorama Ventures Public Company Limited (IVL) has been awarded the ‘Gold Medal’ by EcoVadis, recognising Indorama Ventures’ commitment to sustainability in supply chain management.

Indorama Ventures participates in the annual EcoVadis assessment to evaluate the company’s sustainable practices and ensure it can meet key customers’ requirements across the different business segments and operations. In 2023, the company achieved the Gold Medal with a score of 77; higher than 2022’s score of 75. Indorama Ventures ranked in the 99th percentile in basic chemical, fertilizers, and nitrogen compound plastics and synthetic rubbers in primary industries of all assessed companies worldwide, with above industry-average performances in all four assessment areas, including environment, labor & human rights, ethics, and sustainable procurement.

EcoVadis is a provider of business sustainability ratings. The assessment indices include more than 200 purchasing categories and 175 countries around the world.

Quelle:

Indorama Ventures Public Company Limited 

30.12.2022

Avgol® announces new line investment at US facility

Avgol® has announced a significant investment in a new high-speed, high-capacity flexible multiple beam production line at its facility in Mocksville, USA.

Avgol, an Indorama Ventures Limited company, is a leader in the hygiene market with a comprehensive range of ultra-lightweight spun-melt nonwoven fabrics. This new, sixth line at the company’s facility in Mocksville will see Avgol investing in new Reicofil 5 (RF5) technology and underlines the company’s commitment to the region as a domestic supplier. The investment will deliver biocomponent and corresponding high-loft capabilities, with the line producing materials for applications that meet the needs of upper tier products for Hygiene customers.

As part of the investment, Avgol is also introducing extra capacity for meltblown production, ensuring a continuous supply of this critical material for both the region and customers worldwide.

Another aspect of the investment includes the addition of cutting-edge lamination capabilities, which enables Avgol to offer enhanced performance products into the existing markets the company serves, as well as to explore new opportunities in other markets.

Avgol® has announced a significant investment in a new high-speed, high-capacity flexible multiple beam production line at its facility in Mocksville, USA.

Avgol, an Indorama Ventures Limited company, is a leader in the hygiene market with a comprehensive range of ultra-lightweight spun-melt nonwoven fabrics. This new, sixth line at the company’s facility in Mocksville will see Avgol investing in new Reicofil 5 (RF5) technology and underlines the company’s commitment to the region as a domestic supplier. The investment will deliver biocomponent and corresponding high-loft capabilities, with the line producing materials for applications that meet the needs of upper tier products for Hygiene customers.

As part of the investment, Avgol is also introducing extra capacity for meltblown production, ensuring a continuous supply of this critical material for both the region and customers worldwide.

Another aspect of the investment includes the addition of cutting-edge lamination capabilities, which enables Avgol to offer enhanced performance products into the existing markets the company serves, as well as to explore new opportunities in other markets.

 

Quelle:

Avgol by Indorama Ventures Limited / PHD Marketing Ltd

(c) Avgol by Indorama Ventures Limited
30.12.2022

Avgol® wins Procter & Gamble Supplier Excellence Award

Avgol®, an Indorama Ventures Limited company, has been honoured with the Supplier Excellence Award by leading global brand Procter & Gamble.

The award was in recognition of Avgol, a leader in the manufacture of high-performance nonwoven fabric solutions, ‘being a notable and valuable supplier over the last fiscal year’ to the P&G Baby Care Business Unit.

Avgol CEO Tommi Bjornman said receiving the honour from P&G for the first time is a source of great pride for the company. “The assessment process for the award focuses on us as the supplier showing outstanding contributions across a range of key categories,” he said. “I am delighted and proud that the Avgol team was unanimously identified as being strongest in terms of our collaboration with the customer, as well as in our continuous improvement efforts across all regions of P&G’s global Baby Care program.

“It was heartening that, in making the award, P&G further noted that Avgol’s efforts have significantly assisted in their own commercial growth during a challenging period for the Hygiene market,” he said.

Avgol®, an Indorama Ventures Limited company, has been honoured with the Supplier Excellence Award by leading global brand Procter & Gamble.

The award was in recognition of Avgol, a leader in the manufacture of high-performance nonwoven fabric solutions, ‘being a notable and valuable supplier over the last fiscal year’ to the P&G Baby Care Business Unit.

Avgol CEO Tommi Bjornman said receiving the honour from P&G for the first time is a source of great pride for the company. “The assessment process for the award focuses on us as the supplier showing outstanding contributions across a range of key categories,” he said. “I am delighted and proud that the Avgol team was unanimously identified as being strongest in terms of our collaboration with the customer, as well as in our continuous improvement efforts across all regions of P&G’s global Baby Care program.

“It was heartening that, in making the award, P&G further noted that Avgol’s efforts have significantly assisted in their own commercial growth during a challenging period for the Hygiene market,” he said.

In 2018, Indorama Ventures Limited (IVL), a leading petrochemicals producer and global integrated leader in PET and fibres, acquired majority ownership of Avgol, resulting in a focused and faster growth of Avgol Nonwovens.

“With the combined financial, technical, commercial strength and expertise of Avgol and IVL, Avgol has been working hard to develop innovative products, putting sustainability front and centre in our plans for the future and ensuring we deliver the very best product and service to our customers around the world,” said Tommi Bjornman.

 

Quelle:

Avgol by Indorama Ventures Limited / PHD Marketing Ltd