Indorama Ventures
To be a world-class company making great products for society.
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| Public | |
| Traded as | : IVL |
| Industry | Petrochemicals |
| Founded | 1994 |
| Founder | Aloke Lohia |
| Headquarters | Worldwide, Bangkok, Thailand |
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Number of locations
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66 |
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Area served
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Worldwide |
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Key people
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Aloke Lohia (Founder, Vice Chairman and Group CEO) |
| Products | polyethylene terephthalate (PET), polyester fibers and yarns, wool yarns, purified terephthalic acid (PTA), ethylene oxide (EO), ethylene glycol (EG) |
| Revenue |
 USD 7 Billion (2015)
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Number of employees
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14,000 |
| Divisions | Feedstock, PET, Fibers |
| Website | www |
Indorama Ventures Public Company Limited, founded by Indian businessman Aloke Lohia, is one of the world's leading producers in the intermediate petrochemicals industry and a leading global manufacturer of wool yarns. The company is headquartered in Bangkok and started its operations in 1994. The Company products are divided into three categories: , polyethylene terephthalate (PET) and fibers. As of 2016, the Company has 66 manufacturing sites in 21 countries crossing four continents: Asia, Europe, North America and Africa, and is listed on the (SET).
Indorama Ventures commenced business operations in 1994 with the incorporation of Indorama Holdings Ltd., which was the first worsted wool yarn producer in Thailand.
The Group’s PET business segment comprises primarily the manufacture and sale of PET, a plastic polymer resin primarily used for beverage containers and food packaging, as well as for the packaging of pharmaceuticals and household products as well as in industrial packaging applications. Moreover, the Group also manufactures High Value Added (HVA) products such as packaging for oxygen-sensitive foods and beverages.
In 1995, IVL entered the petrochemical industry focusing on the polyester value chain business with the establishment of a PET resin facility in Thailand. Since then, each successive growth and addition has been committed to the polyester value chain. It has become a major global polyester value chain producer with a presence in three key business segments, PET resin, polyester fibers and Feedstock comprising PTA, MEG and various EO derivatives. The PET business has been achieved through greenfield investments, strategic acquisitions, and brownfield expansions.
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Wikipedia