Bangkok, Thailand – 27 January 2020 – Indorama Ventures Public Company Limited (IVL), a global chemical producer, is pleased to announce the creation of a newly formed segment named Integrated Oxide, following the announcement of the acquisition of Huntsman’s integrated Ethylene Oxide and Proplylene Oxide (EO&PO) assets in Port Neches, Chocolate Bayou and Dayton in Texas, Ankleshwar in India, and Botany in Australia. The new segment will enable the Company to leverage operational efficiencies and position IVL for long-term growth and value creation.
The Integrated Oxide segment comprises Integrated Ethylene Oxides and Specialty Chemical Segment including sought after value-added Ethylene Oxide Derivatives and Proplylene Oxide Derivatives.
Consequently, IVL is pleased to announce the appointment of Mr. Alastair Port as President of Integrated Oxide, effective 3 January 2020. He will report to Dilip Kumar Agarwal, CEO of the Feedstock and PET businesses. Alastair joined Huntsman in 1988 and was previously Global Vice President of Manufacturing and Upstream Business at Huntsman.
Alastair’s leadership team will be composed of talent coming from all integrated businesses:
- Mr. Joel Saltzman has been appointed Senior Executive Vice President. Joel is currently with Indorama Ventures Oxide and Glycols (IVOG).
- Mr. John O Smith has been appointed Vice President, Procurement and Upstream. John is currently with IVOG.
- Mr. John Q Smyth has been appointed Vice President, Global Downstream Derivatives.
- Ms. Carol Ottaway has been appointed Vice President, Supply Chain, Logistics and IVL Transition.
- Mr. Chad Anderson has been appointed Vice President Manufacturing.
- Ms. Kim Knotts has been appointed Director EHSQ.
- Mr. Steve Thallemer has been appointed Chief Finance Officer. Steve was previously with IVOG.
- Mr. Leo Guglielmi has been appointed Vice President and Legal Counsel.
- Mr. Paul Fusco has been appointed Director of HR.
Mr. Dilip Kumar Agarwal, CEO of Feedstock and PET said, “We are taking an important step to set IVL on a successful path forward. With the creation of a more focused segment and great leaders in place, we will be able to more effectively build upon our competitive advantages to create greater value for our customers and stakeholders.
I am pleased to welcome Alastair and his senior leadership team onboard. I am confident that under Alastair’s oversight, the new team will be well-positioned to lead IVL to the next phase of its development.”
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About Indorama Ventures
Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia Pacific, Europe and Americas. The company’s portfolio comprises Integrated PET, Olefins, Fibers, Packaging and Specialty Chemicals. Indorama Ventures products serve major FMCG and automotive sectors, i.e. beverages, hygiene, personal care, tire and safety segments. Indorama Ventures has approx. 24,000 employees worldwide and consolidated revenue of US$ 10.7 billion in 2018. The Company is listed in the Dow Jones Emerging Markets and World Sustainability Indices (DJSI).
Indorama Ventures is headquartered in Bangkok, Thailand with global operating sites in
|EMEA:||The Netherlands, Germany, Ireland, France, UK, Italy, Denmark, Lithuania, Poland, Czech Republic, Luxembourg, Spain, Turkey, Nigeria, Ghana, Portugal, Israel, Egypt, Russia, Slovakia, Austria, Bulgaria|
|Americas:||USA, Mexico, Canada, Brazil|
|Asia Pacific:||Thailand, Indonesia, China, India, the Philippines, Myanmar, Australia|
Tel: +662.661.6661 ext. 680
Tel: +662.661.6661 ext. 247
This document contains “forward-looking statements” about the financial condition and results of operations of Indorama Ventures Public Company Limited (the “Company”), which are based on management’s current beliefs, assumptions, expectations and projections about future economic performance and events, considering the information currently available to the management. Any statements preceded by, followed by or that include the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “plans”, “could”, “should, “predicts”, “projects”, “estimates”, “foresees” or similar expressions or the negative thereof, identify or signal the presence of forward-looking statements as well as predictions, projections and forecasts of the economy or economic trends of the markets, which are not necessarily indicative of the future or likely performance of the Company. Results given here are “Core”, which means excluding inventory gain/losses and one-time extraordinary items
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