INDORAMA VENTURES
Krung Thep Maha Nakhon, Thailand
INDORAMA VENTURES
!
We are one of the world’s leading petrochemicals producers.
About INDORAMA VENTURES
Indorama Ventures is an industry-leading global sustainable chemical company. Our diversified, international businesses are integrated across our petrochemical value chain. Our footprint spans manufacturing operations at 117 locations in 31 countries, with market-leading positions in Asia-Pacific, Africa, Europe, and the Americas.
Over three decades, Indorama Ventures has transformed from a family-owned niche business in Thailand to a global leader producing indispensable chemistry. We continue to spearhead innovation and drive our industry toward circularity.
Starting off as Indorama Holdings, the company developed numerous business segments, becoming Thailand’s first worsted wool yarn producer, a PET manufacturer and the country’s largest polyester fiber producer in just under 15 years. The company also transitioned from operating domestically to internationally, expanding through acquisitions in the United States and Europe, becoming a global PET producer in addition to a sizable player in the PTA business.
1994
- Established Indorama Holdings, the first producer of worsted wool yarns in Thailand, swiftly becoming globally recognized as a major producer of worsted wool yarns.
1995
- Entered the petrochemical industry with the establishment of our first PET manufacturing site in Thailand
1996
- Downstream expansion of the PET business into preforms, bottles and bottle caps through a joint venture with Serm Suk, the exclusive bottler of Pepsi products in Thailand.
1997
- Entry into the polyester business with the acquisition of Indo Poly, a polyester fiber plant in Thailand, expanding production and becoming the largest polyester fiber producer in Thailand
2003
- Acquisition of StarPet, a manufacturing site in the US, marking our international expansion of PET production
2005
- Listing of Indorama Polymers (IRP) on the Stock Exchange of Thailand
2006
- Acquisition of Orion Global PET in Lithuania, marking our entry into Europe
2008
- Entry into the PTA business with establishments of IRH Rotterdam, Indorama Petrochem, TPT Petrochemicals and acquisition of Tuntex Thailand, the country’s largest polyester fiber producer
- Acquisition of two PET resin facilities from the Eastman Chemical Company strengthed our presence in Europe
Description of Services
a) Combined PET
We are the world’s leading PET manufacturer and recycler with sustainability at our core. Together, our resins, packaging, recycling, and specialty chemicals businesses serve customers making daily consumer necessities in diverse global markets including food and beverages, pharmaceuticals, cosmetics and personal care, technical polymers, and other industries.
Our global, regional, and local customers have, for three decades, relied on our unmatched global footprint of 63 PET manufacturing and recycling locations in 26 countries to deliver competitive, high-quality, and sustainable PET solutions whenever and wherever needed.
Combined PET (CPET), the largest and oldest of Indorama Ventures’ three segments, plays a foundational role in the company’s global integrated business model. It receives EO (ethylene oxide) from our Indovinya segment which it then uses as a key ingredient to make PET plastic. CPET also supplies virgin PET and recycled PET to the company’s Fibers segment to produce high-quality polyester yarns and fibers.
Integrated PET
With our global footprint spanning Asia, EMEA, and the Americas, we have nearly three decades of expertise servicing some of the world’s largest household brands with the highest quality virgin PET and related products.
We are proud to supply our partners with fully recyclable and high-quality PET products used to make daily necessities easier, safer, and more convenient.
Packaging
We produce PET preforms, bottles, and closures used in safe, efficient, and durable food and beverages packaging and other consumer applications.
We collaborate with our partners to develop innovative packaging solutions that are strong, safe, shatterproof, and recyclable.
Recycling
We are the world’s largest producer of recycled PET resin used in beverage bottles. In 2023, we reached the milestone of recycling 100 billion used PET bottles.
Under our Vision 2030 we are investing $1.5 billion to expand our recycling capacity and educate 1 million consumers worldwide about effective waste management. We are also partnering with our customers to support their circularity goals.
Specialty chemicals
The Specialty Chemicals business has a diversified product portfolio covering PET, PIA, and NDC.
Our Specialty Polymers business focuses on the production of high-quality polymers used across many industries and applications.
Our PIA (purified isophthalic acid) is used to make PET, unsaturated polyester resins, coatings, fibers, and other applications.
Our NDC (naphthalene) is used in optical displays and other industrial applications.
Intermediate chemicals
Our Intermediate Chemicals locations in the U.S. are well-positioned to leverage feedstocks from the competitive shale gas industry. Our product line includes ethylene, high-purity ethylene oxide (HPEO), and ethylene glycol derivatives (MEG, DEG, and TEG).
The product family derived from ethylene serves various markets including PET, packaging, textiles, fibers, anti-freeze, agricultural chemicals, oil and gas, housing, automotive, pharmaceuticals, detergents, and personal care.
We also produce MTBE from methanol and isobutane. MTBE serves as an octane enhancer in gasoline for automobiles.
b) Indovinya
We produce specialty chemical solutions for diverse regional and global markets, including home and personal care, crop solutions, coatings, and energy and resources. Our sustainable and innovative chemistry improves millions of lives every day.
By prioritizing the needs of our customers and fostering collaboration, we aim to transform our operations and products into something increasingly relevant for the planet, ensuring quality and responsibility in all we do.
Indovinya has a pivotal role in Indorama Ventures’ global integrated business model. We supply EO (ethylene oxide) to our Combined PET business, which is used as a key ingredient to make PET.
Home & Personal Care
Our solutions improve cleaning performance, helping to protect homes and the health of consumers.
We provide sensory experiences across a diverse range of personal care and hygiene products, from surfactants to rheological modifiers, emollients, and sunscreen solubilizers.
Our expertise enhances chemical formulations and adds greater stability, detergency, and sustainability.
Crop Solutions
Our agricultural solutions meet the needs of our customers and serve the future of the industry.
We collaborate with research partners, customers, and farmers as a responsive business partner with regional and global reach.
Our expertise, innovation, and dedication to international quality standards drive increasingly sustainable solutions that improve crop yields.
Coatings
Our technology optimizes paint formulations and coatings in applications including additives, building blocks, coalescents, emulsifiers, and oxygenated solvents.
We work with our customers to develop sustainable, high-performance formulations in architectural, industrial, automotive, printing inks, resin, latex, adhesives, sealants, and elastomers applications.
Energy & Resources
Our high-performance chemistry resolves our customers’ unique challenges in extreme conditions in oilfield technologies, biofuels, gas treating, mining, water treatment, and fuels and lubricants.
Our solutions assist in increasing production of oil and gas, safely treating hydrocarbons from corrosive molecules, extracting high-value minerals more efficiently, and increasing engine life while reducing wear and tear.
c) Fibers
As a leading global supplier, we offer one of the broadest portfolios in the fibers industry, touching many aspects of daily life. Our customers rely on us to provide safe, high-performance solutions for automotive, industrial, home & technical textiles, apparel, hygiene, medical applications, and more.
While we offer multiple polymer solutions, some of our fibers sites are co-located with our Combined PET business, where PET is used as a key ingredient in producing yarns and fibers. This integration streamlines our manufacturing processes, maximizing efficiencies and ensuring consistency and quality.
DEJA: POWERING SUSTAINABLE SOLUTIONS
deja is our sustainable product family for a wide range of applications. Whether you are looking for sustainable PET or other polymer solutions, we can help you reduce your carbon footprint and move your business toward circularity. Reach out to discover our recycled, bio-based, and other innovative members of the deja family.
TREVIRA CS: PIONEERING FLAME-RETARDANT TEXTILES
Trevira CS textiles stand out because they meet all essential fire safety standards without needing any chemical finishes. Fabrics made with our designated high-flame-retardant polyester qualify to be branded as Trevira CS after passing trademark testing.
AVGOL® NONWOVENS: HIGH-PERFORMANCE NONWOVENS FOR A CHANGING WORLD
Avgol, an Indorama Ventures company, serves our customers with high-quality spunmelt nonwovens for the hygiene, medical, and industrial sectors.
INFINITE OPPORTUNITIES: WHAT ELSE ARE YOU LOOKING FOR?
Our fibers are designed for a wide range of applications, including apparel, home interiors, contract textiles, personal care, medical, industrial uses, airbags, tires, and automotive interiors.
Contact us to help you find the staple fiber, filament yarn, technical yarn, or nonwoven material that best suits your needs.
What we do
We deliver indispensable chemistry to our customers, including major household brands, to produce daily consumer necessities that touch billions of lives every day. Our business segments – Combined PET and Packaging, Indovinya, and Fibers – serve customers in diverse growth markets, including food and beverages, automotive, pharmaceutical, textile, home and personal care, and agrochemicals. In 2023, we recorded $15.6 billion of revenue.
Under our purpose of “reimagining chemistry together to create a better world,” our ambition is to lead change and drive a circular economy. As part of our ambition to grow our industry leadership in sustainability, we are investing in building our global recycling capacity, decarbonizing our operations, and switching to more circular and bio-based feedstock.
Life at INDORAMA VENTURES
Group Strategy
Indorama Ventures’ objective is to strengthen our position as a market leader in the value chain through scale, integration and differentiation, creating profitability and return on investment supported by a focus on delivering long-term, superior shareholder value.
Our Purpose
Reimagining chemistry together to create a better world.
Our Vision
To be a world-class sustainable chemical company producing indispensable chemistry that touches billions of lives every day.
