Home / Knowledge / News / Textiles / Despite PTA overcapacity Indorama Ventures net skyrockets
Despite PTA overcapacity Indorama Ventures net skyrockets
Aug '14
Chinese PTA overcapacity continues to depress Indorama Ventures Public Company Limited (IVL) feedstock segment, despite which, net profit skyrocketed 163% to THB 1.8 billion in the first half of 2014, over the same period of 2013.

IVL a leading vertically integrated polyester value chain producer, witnessed overall revenues of THB 125.7 billion in the first half of 2014, an impressive 12% rise over the same period in 2013.
In the same period, core EBITDA too surged 44% to THB 10.2 billion.

IVL said, “The Chinese PTA overcapacity continues to depress our feedstock segment but the Company is optimistic that the bottom has been reached with most producers operating at below cost over last two years, which has led to industry restructuring and better producer discipline.”

In the period under review, IVL successfully closed the deal in end April 2014 to acquire PHP Fibers, a leading global Nylon 66 air bag yarn supplier, which enabled IVL to make its maiden entry into the airbag and tire cord business.

IVL has also started PET packaging business in Philippines, post its successful entry into Nigeria and continues to develop this segment in under-served markets with high growth potential.

Aloke Lohia, Group CEO of IVL said, “2014 has been positive for all segments of the business and especially our focus on the High Value Add (HVA) products continued to gain traction and are now contributing to about 40% of our core EBITDA”.

“The resultant strong generation of operating cash flow of THB 12.9 billion in the first half of 2014 is testament to the strength of the group’s global footprint and its diversified sources of revenue while remaining focused in an industry that our management is passionate about,” Lohia noted.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Courtesy: Trupik

Apparel/Garments | On 24th Oct 2016

Virtual 3D fitting rooms revolutionising online shopping

Virtual fitting rooms meant to bridge the gap between e-commerce...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search