IVL achieves good results despite Asian PTA weakness

Mr. Lohia went on to explain that, "The last 12 months have witnessed extreme volatility that closely shadows what we experienced in the second half of 2008. There was a considerable squeeze in inventory across the industry then, which led to a total collapse of commodity prices, and we have seen it happen again in Q4/2011 and yet again in Q2/2012. This time, though, we are also experiencing a slowdown in growth in Asia, particularly China and India. We will have to be more patient and wait for a rebound in growth, something we expect to have a positive impact on the company, just as in 2009 and 2010.

 

Indorama Ventures Public Company Limited (IVL), the world's leading vertically integrated Polyester Value Chain producer, achieved consolidated sales #

"Our enduring top-line growth, despite the unstable global markets, is a testament to Indorama Ventures's business, which is a "bridge" between upstream chemical suppliers and consumer staple products, which makes us much more resilient in economic downturns," Lohia said. 

 

Indorama Ventures Public Company Limited (IVL), the world's leading vertically integrated Polyester Value Chain producer, achieved consolidated sales #

In line with the affordable nature of Polyester and its application in daily consumer staples (food, beverage and clothing), the company expects to benefit from a favorable geographical mix in key regions where it has attained market leadership and consolidation. 

 

Indorama Ventures Public Company Limited (IVL), the world's leading vertically integrated Polyester Value Chain producer, achieved consolidated sales #

"Our investments in innovation or value-added product lines are expected to gain traction going forward and to provide new growth areas for IVL, especially in emerging markets," said Mr. Lohia. "We are well-positioned to take significant advantage when the global recovery takes place."