Indorama reports growth in sales and profit

By Gurdip Singh
Correspondent

Published: February 23, 2012 6:00 am ET

Related to this story

Topics Sustainability, Materials, Mergers & Acquisitions, Recycling, Suppliers

BANGKOK (Feb. 23, 12:50 p.m. ET) — Indorama Ventures Public Co. Ltd. said it sustained high performance in 2011 despite challenges, thanks to the addition of key specialty products to its portfolio.

IVL reported sales of US$6.1 billion for 2011, approximately double its 2010 consolidated sales of US$3.055 billion.

Net profit rose 55 percent to US$510 million from US$328 million in 2010.

After excluding extraordinary items, IVL achieved a net profit of US$297 million, 38 percent higher than the US$215 million in 2010.

IVL achieved impressive annual volume growth despite natural disasters that impacted its manufacturing plants — flooding in Thailand and a tornado in Alabama.

Polyester continues its steady growth due to its affordability, recyclability, and versatility as a packaging and textile material, according to IVL.

After a slow fourth quarter, all of its business segments are seeing resilient consumer demand in all markets, leading to high manufacturing utilization rates and lower operating cost, IVL said.

The company acquired Wellman International in 2011, making it the largest recycler in Europe. The company plans to implement recycling projects in the United States and Thailand.


Comments

Indorama reports growth in sales and profit

By Gurdip Singh
Correspondent

Published: February 23, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

West Coast ports dispute impacts machinery imports

February 27, 2015 5:00 pm ET

Asian machinery companies got caught in the West Coast ports labor dispute — causing some headaches to get equipment ready for NPE 2015.    More

Image

Recycling trade group growing in size, resources

February 27, 2015 4:50 pm ET

DALLAS — The executive director of the Association of Postconsumer Plastic Recyclers is partial to calling his group the little engine that...    More

Image

Experts explain why resin sales are down in a healthy US economy

February 27, 2015 1:58 pm ET

The economies of the U.S. and Canada posted solid growth in 2014 — even though resin demand in those countries lagged behind.    More

Image

Industry vet Dwight Morgan joins M. Holland

February 27, 2015 1:55 pm ET

Resin distribution leader M. Holland Co. has hired industry veteran Dwight Morgan as its vice president of corporate development.    More

Image

Wittmann, Illig among machinery firms boosting investments in India

February 27, 2015 1:34 pm ET

GANDHINAGAR, INDIA — Expected growth in the Indian plastics market is leading several global machinery firms to make investments there, includin...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events