$

IVL

INDORAMA VENT
IVL.BK
Last Price
40.75
09:38 GMT / 17 JUL 2019
Value Change [%]
-0.75
[(-1.81%)]
Volume
22,633,400
Open
41.50
Day's High
41.75
Year's High
63.00
Previous Close
41.50
Day's Low
40.50
Year's Low
41.25
Earnings Per Share
4.18
P/E Ratio
9.92
Lot Size
100
Div. Yield (%)
3.37
Dividend
1.40
Div. Pay Date
04 JUN 2019
Ex-Div. Date
21 MAY 2019
Last Trade
40.75
Last Trade Time (GMT)
09:38
Last Trade 2
40.75
Last Trade 3
40.75
Volume
22,633,400
Turnover
927,680
Bid
40.50
Bid Size
2,697,800
Ask
40.75
Ask Size
400,400
Close Bid
40.50
Close Ask
40.75
aseanexchanges
@aseanexchanges

Indorama Ventures Public Company Limited is a Thailand-based holding company. It invests in companies in domestic and international markets across four business areas: companies engaged in the manufacture and sale of polyethylene terephthalate (PET), which is used for beverage containers and food packaging; companies engaged in the manufacture and sale of polyester fiber and yarn, which are used for textile and industrial applications; companies that produce and trade purified terephthalic acid (PTA), which is a white powder used in the production of polyester products, and companies that produce and trade wool. As of December 31, 2010, the Company had 23 factories worldwide, with a total production capacity of 1,648,000 tons of PET per year, as well as 280,800 tons of polyester fiber and yarn per year, 1,590,000 tons of PTA per year, and 5,900 tons of wool per year. On April 1, 2012, the Company acquired 100% shares in Old World Industries I Ltd and Old World Transportation Ltd.

  • Market News
Plastics maker Indorama commits $1.5 bln to recycling
21 August 2019
source: reuters.com
    By Chayut Setboonsarng
    BANGKOK, Aug 21 (Reuters) - Thai chemicals company Indorama
Ventures  IVL.BK  has committed $1.5 billion of investment in
recycling as consumers become more aware of the environmental
impact of single-use plastic and regulators push for more
recycling, it said on Wednesday. 
    Indorama's main business is the production of PET resin, a
polymer used to make plastic bottles and fibres used in products
such as seat belts and tyres.
    In the 12 months to June 30 the comnpany produced nearly
5,000 kilotons of PET. 
    "We are investing $1 billion in recycling over the next five
years," Chief Executive Aloke Lohia told Reuters on Wednesday,
adding that investment would include greenfield and brownfield
mergers and acquisitions focusing on bottle-to-bottle recycling.
    Indorama has 11 recycling sites around the world, including
plants in Thailand, Mexico and France, and aims to step up its
green credentials in response to new regulation being rolled out
by governments as well as changing expectations from customers. 
 
    In March the European Commission announced a target to
incorporate 25% of recycled plastic in PET bottles by 2025, with
a targeted 90% collection rate.  urn:newsml:reuters.com:*:nL8N21E5VJ
    After 2023 Indorama plans to invest an additional $500
million by 2025 to help its customers to achieve the 25% target,
Lohia added. 
    Indian-born Lohia started Indorama in Thailand in 1994 with
about 200 employees. The company has since grown to employ
18,000 people across 31 countries.
    "There is infrastructure in the world to recycle PET. The
problem lies in the collection," he said. 
    Consultancy Wood Mackenzie Chemicals estimates that the
collection rate for PET beverage bottles in the European Union
was about 58% in 2017.
    About 40 percent of Indorama's revenue is from North America
and about 30 percent from Europe.
    Indorama, which counts Coca-Cola  KO.N , PepsiCo  PEP.O  and
Nestle  NESN.S  among its customers, said it is working with
brand owners and governments to allow more bottle-to-bottle
recycling. 
    The acquisitive company still has $2.5 billion of
uncommitted capital for new projects in its other businesses,
including olefin, fibres and feedstocks, Lohia said. 
    Indorama this month bought Huntsman Corp's  HUN.N  chemical
intermediates businesses in Australia, India and the U.S. state
of Texas for about $2.1 billion, beefing up its midstream
operations.  urn:newsml:reuters.com:*:nL4N2536EL


 (Reporting by Chayut Setboonsarng
Editing by David Goodman)
 ((chayut.setboonsarng@tr.com; +66854849033; Reuters Messaging:
chayut.setboonsarng.thomsonreuters.com@reuters.net))
Sign up for our newsletter
Submit
Interested to know more?