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Indorama Ventures

Indorama Ventures
Leadership team

Mr. Aloke Lohia (Vice Chairman & Group CEO)

Mr. Dilip Kumar Agarwal (Interim CFO, CEO of Combined PET, IOD & Fibers Bus. and Exec. Director)

Ms. Suchitra Lohia (Exec. Director & Deputy Group CEO)

Products/ Services
Chemical, Manufacturing, Textiles
Headquarters
Bangkok, Krung Thep, Thailand
Established
1994
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
I93A.F
Social Media
Overview
Location
Summary
Indorama Ventures Public Company Limited produces and distributes polyethylene terephthalate (PET), purified terephthalic acid (PTA), paraxylene, purified isophthalic acid, naphthalene dicarboxylate (NDC), integrated purified ethylene oxide and ethylene glycol, polyester, rayon, nylon, polypropylene, composites, and worsted wool fibers products. It operates in five segments: Integrated PET, Specialty Chemicals, Packaging, Integrated Oxides and Derivatives, and Fibers. The company offers various PET resins, including hot-fill, high and low intrinsic viscosity, quick heat, and general grade to serve beverage containers and food, pharmaceutical and household products, and industrial packaging applications, as well as produces clear and colored preforms, bottles, and closures. It also provides ethylene glycol used as a raw material in the production of polyester fibers, antifreeze, liquid coolant, and solvent; monoethylene glycol for use as a feedstock in the production of PET and polyester fibers; diethylene glycol used to manufacture polyester polyols, unsaturated polyester resins, buffet heaters, paints and coatings, plasticizers, liquid laundry detergents, and cement grinding; and triethylene glycol used for natural gas dehydration. In addition, the company offers surfactants, LAB, and ethanolamines used in manufacture of detergents, homecare products, soaps, toothpastes, shampoos, hair conditioners, and other foaming products. In addition, it provides polyester fibers and yarns used for apparels, home textile, automotive, and non-woven; bicomponent fibers; and worsted wool yarns used in making suits and sweaters, as well as tire cord yarns used in air bags and tire cords. The company operates in Thailand, North America, Europe, and internationally. The company was incorporated in 2003 and is headquartered in Bangkok, Thailand. Indorama Ventures Public Company Limited is a subsidiary of Indorama Resources Limited.
History

IVL commenced business operations in 1994 with the establishment of the first worsted wool yarn producer in Thailand.In 1995, IVL established its first PET resin facility in Thailand.It expanded into North America in 2003 by acquiring a StarPet facility, and into Europe in 2006, by establishing a PET facility under the company Orion Global.In 2008, the company acquired Tuntex Thailand, the largest polyester fiber producer in Thailand. In 2009, merged its polyester operations into Tuntex and renamed the combined entity Indorama Polyester Industries.IVL became a public company on September 25, 2009. As of December 31, 2014, it was owned 99.99% by Canopus International, which is owned by Aloke Lohia and his immediate family and Sri Prakash Lohia and his immediate family.In the first half of 2011, IVL completed further acquisitions of PET plants in China, Indonesia, Mexico, Poland and the USA, and became the world’s largest PET producer.In November 2011, it acquired the PET and Polyester fibers recycling businesses of Wellman International in Europe, and in January 2012, IVL acquired FiberVisions Holdings, a manufacturer of specialty mono and bicomponent fibers based in Duluth, Georgia, USA.As of February 2021, IVL was the market leader in PET in the US,

and the largest polyester fiber producer in Thailand.

Mission
We commit to be a responsible industry leader leveraging on the excellence of our people, processes, and technologies to create value for our stakeholders.
Vision
Indorama Ventures aims to further create value for our customers through operational excellence, innovation and technology leadership, while promoting a safe and healthy workplace and being a responsible corporate citizen.
Key Team

Mr. Udey Paul Singh Gill (Chief Strategy Officer & Exec. Director)

Mr. Sanjay Ahuja (Interim Exec. Pres of Combined PET & Exec. Director)

Mr. Yashovardhan Lohia (Chief Sustainability Officer & Exec. Director)

Mr. Joel Saltzman (Chief Operating Officer of EO/EG)

Mr. Manoj Kumar Sharma (Head of Accounting)

Mr. Vikash Jalan (VP of Investor Relations & Strategic Planning)

Mr. Richard W. Jones (Sr. VP of Corp. Communications & Sustainability)

Recognition and Awards
Indorama Ventures has received numerous awards and recognition over the years, including the Bemis Innovation Award in 2016 and the Global Petrochemical Award in 2018, both of which recognize the company’s commitment to innovation and sustainability.
References
Indorama Ventures
Leadership team

Mr. Aloke Lohia (Vice Chairman & Group CEO)

Mr. Dilip Kumar Agarwal (Interim CFO, CEO of Combined PET, IOD & Fibers Bus. and Exec. Director)

Ms. Suchitra Lohia (Exec. Director & Deputy Group CEO)

Products/ Services
Chemical, Manufacturing, Textiles
Headquarters
Bangkok, Krung Thep, Thailand
Established
1994
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
I93A.F
Social Media