Indorama Ventures: Difference between revisions

== History ==

Indorama Holdings was the first worsted wool yarn producer in Thailand. It is now globally recognized as a major producer of premium worsted wool yarns.

We entered the petrochemical industry with the establishment of a PET (Polyethylene terephthalate) resin facility in Thailand.

We grew our 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.

The company expanded PET production internationally with StarPet in the USA.

Indorama Polymers (IRP) was listed on the Stock Exchange of Thailand.

We expanded into Europe with Orion Global PET in Lithuania.

The company entered into the PTA business in 2008 with IRH Rotterdam, Indorama Petrochem and TPT Petrochemicals. PTA (purified terephthalic acid) is a feedstock for PET and polyester. We acquired Tuntex Thailand, the largest polyester fiber producer in the country. Later, IVL acquired two PET resin facilities from the Eastman Chemical Company in Europe.

IVL completed construction of AlphaPet in Alabama, USA. In this year the company name Indorama Ventures was used for the whole group.

Indorama Ventures listed on the Stock Exchange of Thailand and delisted IRP. We acquired a business in Italy called Ottana through a joint venture.

In January 2011, IVL started with the first acquisition in China through Guangdong IVL PET Polymer in Kaiping City, Guangdong Province. In the same year:  

IVL acquired 100% stake in the recycle and fiber manufacturing businesses of Wellman International in Europe.

IVL acquired 100% of FiberVisions Holdings LLC. It is one of the world’s largest manufacturers of Polyolefin fiber. Its products are used by customers to make non-woven items including feminine hygiene, geosynthetic materials and apparel for instance. FiberVisions has facilities in the USA, Europe and China as well as a joint venture in Japan.  

IVL acquired Polypet in Indonesia and Beverage Plastics in the UK. In April 2012, IVL announced the acquisition of Old World, the largest single Ethylene Oxide (EO) and Ethylene Glycol (EG) production facility in the U.S. located in Clear Lake, Texas near Houston. In Nigeria, Africa, IVL constructed a PET plant at Port Harcourt and acquired a small packaging plant.

IVL board approved the acquisition of a packaging company in Nigeria, Africa with a capacity 180 million preforms per annum.

IVL announced the acquisition of PHP Fibers GmbH and its subsidiaries. IVL holds 80% of PHP while the remaining 20% will is held by Toyobo Co., Ltd., a leading Japanese manufacturer of high function products. We acquired 100% of Artenius TurkPET A.S. (“Artenius”) in Adana, Turkey. Artenius is a PET producer with a capacity of 130,000 tons per annum. The company has added new packaging facilities in The Philippine and Ghana in 2014. IVL announced agreement to acquire Performance Fibers in China.

IVL announced agreement to fully acquire the new state-of-the-art PET resin plant, Polyplex Resins Sanayi Ve Ticaret Anonim Sirketi. In Turkey. We acquired 94.91% stake in Bangkok Polyester (“BPC”), Thailand and signed an agreement to acquire 100% shareholding of CEPSA Chimie Montréal s.e.c. in Canada. IVL announced acquisition of 76% stake in an ethylene cracker located in Lake Charles, Louisiana, USA. This acquisition will make IVL the first Thai company to take advantage of the shale gas revolution in America.