Home / Knowledge / News / Textiles / Indorama to expand production capacity
Indorama to expand production capacity
08
Apr '11
Indorama Ventures board on 5 April 2011 has approved a Brownfield expansion of PET polymers production in Europe with a capacity increase of 220,000 tons per year.

This expansion, completion expected in 2013, will increase the total capacity of IVL in Europe to 1,300,000 tons per year of PET Polymers with 5 locations strategically placed to serve all countries in EU competitively. In addition, IVL has 2 PTA plants in Europe, located at Rotterdam, Netherlands and Ottana, Italy respectively. The company had earlier announced on 7 February 2011 entering into a binding agreement to acquire Trevira GMBH, the globally renowned branded Polyester company in Germany.

The decision to grow was motivated by the supply/demand dynamics within EU and the need for competitive assets to better serve the customers. Indorama has been in the forefront of investing in new, state of art, production across the world and believes that it is important to continue to renew assets to remain competitive and thereby create value to all stakeholders. The last time a new plant was built in EU was also by Indorama, back in 2006 in Lithuania, and to date this remains the largest single line in EU. IVL also identified the benefits of a "brownfield" expansion at this time as being more cost effective solution than developing a "new greenfield" site.

Aloke Lohia, Group CEO of Indorama Ventures expressed gratitude to the group's management for their foresight in identifying opportunities in the fast-growing consumer led markets for PET (polyethylene terephthalate). He comments:

"Europe is going through a challenging period and investments at this stage are not without risks; however I believe that Indorama Ventures can only succeed in our mission to be the partner of choice to our customers and suppliers due to a business model employed that is both competitive as well as sustainable. Our latest Brownfield expansion of 220,000 tons is going to be at a highly cost competitive capex as well as operate at the lowest operational cost by being able to leverage on existing infrastructure and close proximity to key raw materials."

"Polyester fibres and yarns, PET polymers and PTA are growing at unprecedented levels and as a consequence, I am very encouraged with the synergy we experience now with the recently acquired business's in the US, Mexico, China, Indonesia and Poland. I am excited that the IVL business stays on track to maintain its growth momentum," said Mr. Lohia.

"Ensuring value accretive investments are the hallmark of our company and we intend each site to be a showcase of our ability to serve competitive markets while creating value," he added.

Indorama Ventures Public Company Limited

Must ReadView All

Textiles | On 27th Feb 2017

Surat to get a mega textile park, centre of excellence

The textiles ministry is positively working on the proposals for a...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: Invista

Textiles | On 27th Feb 2017

Invista explores alternatives for apparel & textile trade

Invista, one of the world's largest integrated producers of chemical...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marten Alkhagen
Swerea IVF AB

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search