Page 5 - Integrated Oxides News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Print 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...

(Page 1) Indo Rama Synthetics (India) Limited (IRSL), a subsidiary of global petrochemical producer Indorama Ventures Ltd. (IVL; Bangkok, Thailand), will spend up

Indorama invests US$ 82 million in India $82 million upgrade will take IVL PET resin manufacturing in India to over a million tons annually. 26th May 2021 Indo Rama Synthetics, a subsidiary of global petrochemical producer Indorama Ventures (IVL) is to invest up to US$82 million upgrading equipment and adding capacity at its manufacturing site in Nagpur, India. The capital expenditure plan includes a new PET resin manufacturing facility, additional balancing equipment and lines to produce a large range of specialty yarns, further strengthening the company’s ability to serve clients across t...

May 6, 2021 BANGKOK, Thailand — May 6, 2021, 2021 — Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced its first quarter 2021 financial results. 1Q2021 Performance Summary Revenue of $3,240 million in 1Q2021, +10 percent YoY Reported EPS of 1.04 THB, compared with 0.20 THB in 4Q20 and 0.07 THB in 1Q20 Reported EBITDA of $483M= million coming from higher Core EBITDA ($369 million, registering a growth of 45 percent QoQ and 21 percent YoY), positive contract adjustments and inventory gains Company-wide cost and business transformation, Project Olympus, yie...