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D K Agarwal, CEO of Combined PET, IOD and Fibers Business at Indorama Ventures: “India is a strategic high-growth market for us. Our capital expenditure plan reflects our long-term commitment to the industry’s development in India. It is important that we continually invest to ensure that we can serve our customers across India, wherever we are needed.”
Underscoring the strategic importance it attaches to the Indian market, global petrochemical producer Indorama Ventures Public Company Limited (IVL) is investing heavily in one of its manufacturing facilities there. IVL subsidiary Indo Rama Synthetics (India) Limited will spend up to INR 6 billion (€67 million) to upgrade the equipment and to add new capacity at its manufacturing site in Nagpur, India.