Indorama news

Indorama Ventures PCL (IVL) is a global chemical company with a diverse portfolio of businesses. Here are some recent news and updates about Indorama Ventures:

Recent News:

  1. IVL Reports Strong Q2 2022 Results: Indorama Ventures reported a strong set of financial results for the second quarter of 2022, with revenue increasing by 24% year-on-year to $3.4 billion.
  2. Expansion of Polyester Production in Thailand: IVL has announced plans to expand its polyester production capacity in Thailand by 50,000 tons per annum, which will increase its total capacity to 1.2 million tons per annum.
  3. Acquisition of Brazilian Polyester Producer: IVL has acquired a 100% stake in Brazilian polyester producer, Polibras, for $150 million. This acquisition will increase IVL's presence in the Brazilian market and provide access to new customers.
  4. Sustainability Initiatives: IVL has launched several sustainability initiatives, including a goal to reduce its carbon footprint by 30% by 2025 and to increase its use of recycled materials to 20% of its total production by 2025.

Recent Developments:

  1. New Production Facility in the US: IVL has opened a new production facility in the US, which will produce polyethylene terephthalate (PET) for the beverage and food packaging industries.
  2. Partnership with Coca-Cola: IVL has partnered with Coca-Cola to develop a sustainable packaging solution using PET bottles made from 100% recycled materials.
  3. Expansion of PTA Production in China: IVL has announced plans to expand its purified terephthalic acid (PTA) production capacity in China by 200,000 tons per annum, which will increase its total capacity to 1.2 million tons per annum.
  4. New Research and Development Center: IVL has opened a new research and development center in Thailand, which will focus on developing new sustainable materials and technologies.

Awards and Recognition:

  1. Thailand's Best Company Award: IVL was awarded Thailand's Best Company Award for its commitment to sustainability and corporate social responsibility.
  2. Sustainability Leadership Award: IVL was recognized as a sustainability leader in the chemical industry by the Dow Jones Sustainability Index.
  3. Best Place to Work Award: IVL was awarded the Best Place to Work Award by the Thai Ministry of Labor and Social Welfare for its commitment to employee welfare and development.

These are just a few examples of the recent news and developments related to Indorama Ventures. If you're looking for more information, I can try to help you find it!