Indorama Ventures: Difference between revisions
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'''1995''' | '''1995''' | ||
The company entered the petrochemical industry with the establishment of a PET (Polyethylene terephthalate) resin facility in Thailand. | |||
'''1996''' | '''1996''' | ||
Indorama grew their PET business downstream by producing PET preforms, bottles and closures or bottle tops, through a joint venture with Serm Suk PCL, the exclusive bottler for Pepsi products in Thailand. | |||
'''1997''' | '''1997''' | ||
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'''2006''' | '''2006''' | ||
Expansion into Europe with Orion Global PET in Lithuania. | |||
'''2008''' | '''2008''' | ||
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'''2011''' | '''2011''' | ||
In January 2011, IVL started with the first acquisition in China through Guangdong IVL PET Polymer in Kaiping City, Guangdong Province. | In January 2011, IVL started with the first acquisition in China through Guangdong IVL PET Polymer in Kaiping City, Guangdong Province. | ||
IVL acquired the North American polymers assets of | IVL acquired the North American polymers assets of Invista in 2011. Auriga Polymers’ operations are in Spartanburg South Carolina with business unit and administrative offices in nearby Charlotte, North Carolina. The plant once belonged to Hoechst AG of Frankfurt, which also once owned Trevira in Germany. | ||
Another part of the North American acquisition from | Another part of the North American acquisition from Invista was the Queretaro complex, which was the first filament polyester manufacturing facility for the textile industry in Mexico. | ||
IVL’s subsidiary – PT Indorama Polychem Indonesia set up a new 300,000 tonnes per annum Continuous Polymerization resin Plant in Purwakarta, Indonesia. | IVL’s subsidiary – PT Indorama Polychem Indonesia set up a new 300,000 tonnes per annum Continuous Polymerization resin Plant in Purwakarta, Indonesia. | ||
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IVL invested in high quality bi-component yarns, FINNE at its recently acquired IVI plant (formerly SK Keris) in Tangerang, Indonesia, with capacity of 16,000 tons per annum. | IVL invested in high quality bi-component yarns, FINNE at its recently acquired IVI plant (formerly SK Keris) in Tangerang, Indonesia, with capacity of 16,000 tons per annum. | ||
IVL invested in bi-component fibers project for Hygiene Applications with capacity of 16, | IVL invested in bi-component fibers project for Hygiene Applications with capacity of 16,000t/a in Thailand. | ||
IVL acquired 100% stake in the recycle and fiber manufacturing businesses of Wellman International in Europe. | IVL acquired 100% stake in the recycle and fiber manufacturing businesses of Wellman International in Europe. | ||