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The global polyurethane (PU) foam market exhibited moderate growth during 2015-2020. Polyurethane foam is a synthetic polymer that offers insulation and protection to materials against abrasion, temperature, moisture, impact and corrosion. It is commonly available in the spray, flexible and rigid forms and is primarily used as stuffing in beddings and furniture. It is hypoallergenic, non-toxic, does not degrade over time and can also rapidly react with moisture to expand and bond with the surfaces with high adhesion after application. Owing to this, it finds extensive applications across various other industries, including automotive, packaging, construction and electronics.
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January 28, 2021
BANGKOK, Thailand January 28, 2021 Indorama Ventures Public Co. Ltd., a global chemical producer, hosted its annual IVL Capital Markets Day 2021 announcing its strategic progresses. Highlights are as follows:
Our Platforms. People. Systems – prepared for growth
Despite the challenges of 2020, IVL’s vertically-integrated and multi-regional platforms have proven resilient on the back of strong volume growth and prudent capital management to maintain strong operating cash flows. Impact on demand and spreads across segments largely temporary and expected to make a strong recovery along with the economy.
In addition, the management team has used 2020 to prepare for growth by re-organizing the business, building strong leadership teams at every vertical and enabling the teams with strong support systems centers of excellence, shared services, one ERP for, example.