Home / Knowledge / News / Textiles / Indorama Ventures to raise capacity to 10mn tons
Indorama Ventures to raise capacity to 10mn tons
22
Mar '12
Mr. Sri Prakash Lohia
Mr. Sri Prakash Lohia
Indorama Ventures, one of the largest vertically integrated polyester chain producers in the world, will be increasing its capacity to reach 8.3 million tons by 2013 and 10 million tons by 2014.

Headquartered in Bangkok, Thailand, Indorama Ventures has presence in 15 countries in four major regions of the world – Asia Pacific, Europe, North America, and Africa.

Speaking to fibre2fashion, Mr. Sri Prakash Lohia, Chairman of Indorama Ventures, said, “In 2010, Indorama Ventures created a business plan to lead us up to 2014. Under the plan, the company's capacity would grow from 3.2 million tons per annum to 10 million tons per annum by 2014. We are on the way to achieving our goal and expect to have approximately 8.3 million tons of capacity per annum by 2013 under our ongoing expansion plans.”

Detailing about the various projects being undertaken by the company to achieve capacity expansion target, he says, “We are setting up a new greenfield PET recycling plant in Thailand of 36,000 tons capacity as we are undertaking a sustainability plan that emphasizes recycling. This project follows the completion of a new recycling plant in Alabama, USA, in 2011 and the acquisition of Wellman International, Europe's largest PET recycler in 2011.”

“Next, we shall add a new brownfield 212,000 ton PET line at our Rotterdam plant to substitute imports into Europe. We shall also undertake a 220,000 ton PET brownfield expansion at our Poland site to substitute imports and expand the market,” he reveals.

“We have a plan to expand the PTA brownfield capacity by 220,000 tons at our Rotterdam site, to serve the expanded PET line and those at our plants in the UK and Lithuania. Plans are also afoot to establish a greenfield PET plant in Nigeria of 84,000 ton capacity to meet the needs of our major customers in this new, fast-growing market,” he informs.

Continuing further, he says, “At our Indonesia site, we will be undertaking a 309,000 ton capacity expansion to meet the needs of our customers in a fast-growing market. We plan to add a 24,000 ton specialty fibre capacity at one of our Thai fibre sites to meet the needs of our major customers for a broader portfolio of product mix.”

“Indorama would also be setting up an 116,000 ton additional line to its PET facility in China to meet growing demand and make the manufacturing process there more balanced and efficient,” he adds.

Briefing about acquisition plans of the company, Mr. Lohia says, “We plan to acquire Ethylene Oxide/MEG assets of Old World chemicals in the USA. This will make us the world's first fully integrated polyester player, create more profit for the shareholders and offer us an opportunity to take advantage of lower gas costs in the USA.”

“The acquisition of a new PET plant called Polypet in Indonesia is also on cards. This 115,000 ton plant will be integrated into a PTA plant we acquired in 2011 called Polyprima. This will create high efficiency and reduce the logistics cost as its physical proximity would allow piped PTA,” he adds.


Must ReadView All

Courtesy: Ministry of Trade and Industry, Singapore

Textiles | On 22nd Feb 2018

Final version of CPTPP pact released; to be signed in March

The final version of the Comprehensive and Progressive Agreement for...

Amazon India crosses 3 lakh seller base in less than 5 yrs

Apparel/Garments | On 22nd Feb 2018

Amazon India crosses 3 lakh seller base in less than 5 yrs

Amazon recently claimed to have crossed the three-lakh seller base in ...

Indian e-retail market may see 250% growth in 3 yrs: Crisil

Apparel/Garments | On 22nd Feb 2018

Indian e-retail market may see 250% growth in 3 yrs: Crisil

India’s e-retail market may rise by 250 per cent in the next three...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Urmil Arya

Sushila International, a well established textile organisation established ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search