Indorama planning $5.9 billion in capital spending

By Gurdip Singh
Correspondent

Published: September 3, 2014 10:35 am ET
Updated: September 3, 2014 10:38 am ET

Related to this story

Topics Materials, Sustainability, Materials Suppliers
Companies & Associations Indorama Ventures Public Co. Ltd.

Bangkok-based polyester manufacturer Indorama Ventures Public Co. Ltd. plans to invest about $5.9 billion over 2014-2018 in capital projects. IVL expects the projects to result in 15 million tons of new product capacity.

IVL said in its latest quarterly report that capital expenditures would be financed through a mix of earnings, debt and warrants.

Product volume for 2014 was projected at 6.5 million tons, up 12 percent from last year’s 5.8 million tons — with some of that increased due to more demand for recycled PET. IVL produced 3.1 million tons of products in the first half of this year, up 8 percent compared to the same period in 2013.

IVL said its core net profit for the first half of this year soared by 158 percent to 2.8 billion baht ($87.9 million from 1.1 billion a year ago. Sales for the same period have increased 12 percent to 125.7 billion baht. The increase has been driven by volume growth in all business segments, despite lower prices, the company announced.

The company said it has benefited from volume growth in value-added products and various debottlenecking and expansion projects.

Recycled PET is a growing market for the company, including in North America.

“This capability is now extended to our Mexican operations. With the startup of [a] recycling facility in Thailand, producing recycled resins and flakes, recycled products are now available from Asia as well,” IVL said.


Comments

Indorama planning $5.9 billion in capital spending

By Gurdip Singh
Correspondent

Published: September 3, 2014 10:35 am ET
Updated: September 3, 2014 10:38 am ET

Post Your Comments


Back to story


More stories

Image

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Antimicrobial polymers firm TiFiber launching pilot production in Ark.

December 19, 2014 10:58 am ET

TiFiber Inc., which makes synthetic compounds to control dangerous microorganisms, will locate a pilot production facility and its future company...    More

Image

Patel named LyondellBasell CEO

December 19, 2014 9:56 am ET

Bhavesh V. “Bob” Patel has been named CEO of Houston-based polyolefins producer LyondellBasell Industries NV, effective Jan. 12.    More

Image

Momentive to get a new name in January

December 19, 2014 9:45 am ET

Momentive Specialty Chemicals Inc. will change its name to Hexion Inc., effective Jan. 15.    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS fr...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events