Bangkok, 17 October 2019: Indorama Ventures Public Company Limited (IVL), a world-class chemicals company based in Thailand, has a global manufacturing footprint with 101 manufacturing sites in 31 countries in Asia, North America, Europe, South America and Africa. The company has a broad portfolio of businesses, namely, Integrated PET; Fibers and Yarns; Integrated Oxides and Derivatives; Specialty Chemicals; and Packaging to serve global consumer demand.

IVL’s Integrated PET [Triangle with 1] business segment provides PET polymers, which is the key material in manufacturing different sizes and designs of PET bottles. PET polymers is converted into many forms which are used in our everyday lives, varying from containers for food & beverages, such as for carbonated soft drinks, iced tea, fruit juices, dairy products, energy drinks, water, cooked and non-cooked food, and others, to packaging for personal care products, such as shampoo, liquid soap, body oil, body lotions, and mouthwash, among others.

Mr. Dilip Kumar Agarwal, CEO of Feedstock and PET Business, said, “IVL is the largest global manufacturer of PET polymers with manufacturing facilities in five continents: Asia, Europe, North America, South America, and Africa. We have the advantage of being closer to our customers, who are international and regional brands in the fast-moving consumer goods (FMCG) space. Further, strengthens our business profile with integration of PTA, an immediate raw material, in the three regions of Asia, Europe and the Americas. This provides IVL with a competitive advantage in conducting business around the world.”

Mr. Yashovardhan Lohia, Chief Recycling Officer, discussed the tremendous opportunities for the PET recycling business, “Long-term global demand for PET has increased by 5-6% per annum driven by mega-trends which include an increasing population and accompanying increases in disposable income, urbanization, and the expansion of modern retail centers. PET is a sustainable product with 100% recycling capability, the lowest carbon footprint and lightest weight of any packaging material and is highly cost-efficient.”

Mr. Uday Paul Singh Gill, Chief Executive Officer of the Fibers Business, added, “IVL’s fibers and yarns business segment primarily serves the consumer goods space wherein again, long-term global demand has increased by 5% per annum or more. Our fibers and yarns serve consumer demand for casual wear, formal wear, sportswear, active wear, bedding products, home furnishings and many more items in the daily need segment. The sub-segment of hygiene fibers and yarns serves consumer demand for baby diapers, adult diapers, feminine care, wet wipes and others. IVL has a sub-segment to manufacture fibers and yarns for automotive applications such as tires, air bags, upholstery and more. Moreover, we make fibers and yarns for a variety of industrial applications.”

IVL is among the largest manufacturers of fibers and yarns globally, producing a wide spectrum, including polyester, nylon, rayon and wool. The segment has manufacturing plants in Asia, Europe, North America and South America. Similarly, the other business segments of integrated oxides and derivatives, specialty chemicals and packaging serve consumer demand in food & beverages, personal care, homecare, agro-chemicals, and industrials among others.

In 2018, IVL was ranked 35th th among global chemical companies based on total sales according to Chemical Week, an international chemical industry publication. In the last twelve months, ended June 30, 2019, IVL reported sales of THB 376 billion, core EBITDA of THB 45 billion, core net profit of THB 21 billion and generated cash flow from operations of THB 38 billion.

IVL supports the circular economy and has long recognized the need to reduce waste and conserve resources, and encourage waste collection, recycling and the reuse of resources. The company’s manufacturing plants focus on conserving and recycling resources to reduce its carbon footprint for a more sustainable business. In 2019, IVL entered the Dow Jones Sustainability World Index (DJSI World) for the first time, and has been listed for three consecutive years in the DJSI Emerging Markets. IVL is at the forefront of PET recycling with recycling facilities in Asia, Europe and North America. Moreover, the company is also a member of international organizations that create awareness and promote recycling, and has expressed its intention to continue investing in PET recycling facilities. IVL is aligned with consumers, brands and governments to increase the amount of recycled PET, or rPET, in plastic packaging.

Recently, IVL announced that it intends to issue subordinated perpetual debentures in the amount of THB 15 billion. On 26 September 2019, TRIS assigned IVL with a company rating of “AA” with a “Stable” outlook and an issue rating of “A” with a “Stable” outlook for the proposed subordinated perpetual debentures. The proposed issuance will come with a coupon of 5% per annum paid quarterly. The rate is attractive when compared to current yields of 1.40% - 1.50%. The company appointed Bangkok Bank, Krungthai Bank, Kasikornbank and Siam Commercial Bank to manage the sale of the subordinated perpetual debentures to investors, for which the subscription period will be from 4 November 2019 to 7 November 2019.

Investors can find further details from the supporting documents and attachments detailing the sale of the perpetual debentures as well as from the drafted prospectus at:

For further information on Indorama Ventures, please visit our website