Home / Knowledge / News / Textiles / Indorama continues to hunt for opportunities in Europe
Indorama continues to hunt for opportunities in Europe
Dec '09
Indorama Polymers Plc, one of the world's leading producer of polyethylene terephthalate resins (PET) is actively seeking acquisitions in the European market where the demand for PET continues to outstrip the supply by more than a million tons, the company's executives say.

“Europe, despite the economic slowdown, continues to see imports of about one million tons per annum, and this is a gap we would want to fill,” Dilip Kumar Agarwal, the chief executive officer of IRP said.

Mr. Agarwal suggested that the ongoing rationalization in the industry provided opportunities for companies such as IRP to undertake projects that are competitive and strategic.

He said that IRP has various options that the company may want to undertake as demand in the European Union stands at around 3.1 million tons per annum while supply there is just 2.1 million tons. This, coupled with various sanctions and antidumping measures has created a shortage in the market.

Mr. Agarwal said that IRP is interested in investing in northern Europe and is currently looking at, among others, a large scale PET plant using the latest generation technology. He strongly believes that only PET plants that are integrated with PTA plants have a future. He is also interested in plants that have the potential to produce “Green PET”, by recycling used bottles in one part of the facility.

Possible acquisitions coupled with the start up of existing plants would mean that the sales volume for IRP in the near future could continue to grow upon the 45% cumulative average growth rate (CAGR) that the company has seen since 2005.

Indorama Polymers Public Company Limited

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

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...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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