INDORAMA VENTURES PUBLIC CO. LTD.

History

Year	Detail
1994	Established in 1994, Indorama Ventures is a family-led company founded by Aloke Lohia. The company is the first producer of worsted wool yarns in Thailand.
1995	The company entered the petrochemical industry by establishing the first Polyethylene Terephthalate (PET) manufacturing site in Thailand. PET is widely used in various applications, such as packaging and textiles.
1996	The company established a joint venture with Serm Suk, the exclusive bottler of Pepsi products in Thailand, to expand the PET business into preforms, bottles, and bottle caps for carbonated soft drinks, water, and other applications.
1997	The company acquired Indo Poly, a polyester fiber plant in Thailand, to expand its production and eventually become Thailand's largest polyester fiber producer.
2003	Indorama Ventures acquired StarPet, a PET (polyethylene terephthalate) manufacturing facility in Asheboro, North Carolina, marking the company's international expansion of PET production.
2006	The company acquired Orion Global PET in Lithuania, marking a significant step in its expansion into the European market. This acquisition enhanced the company's production capabilities and strengthened its position in the PET sector.
2008	The company entered the PTA business by establishing IRH Rotterdam, Indorama Petrochem, and TPT Petrochemicals and acquiring Tuntex Thailand, the country’s largest polyester fiber producer.
2008	The company acquired two PET resin facilities from the Eastman Chemical Company for $89.1 million. The acquisition included a 200,000-tonne/yr PET production facility in Rotterdam, the Netherlands, and the purchase of a 155,000-tonne/yr facility in Workington, England.
2010	Indorama Ventures acquired the Italian PET and PTA producer OttanaPolimeri S.R.L. from Equipolymers Europe, a joint venture between Dow Chemical Company and Petroleum Industries Company of Kuwait, to gain access to the Mediterranean region, including markets in Southern Europe and North Africa.
2010	The company acquired the assets of Guangdong Shinda UHMWPE Co., Ltd, which manufactures in Kaiping City, Guangdong Province of China. The plant, which has an installed capacity of 406,000 tons per annum, produces PET and Polyester polymers for fibers, yarns, and industrial applications.
2010	The company acquired PET polymer and resin manufacturing facilities in Spartanburg, S.C., and Querétaro, Mexico, from certain subsidiaries of INVISTA B.V. for $420 million to expand further and strengthen its PET and Fiber business capabilities.
2010	The company acquired the issued capital of SK Eurochem Sp. z o.o., in Poland, PT SK Keris, and its subsidiary PT SK Fiber in Indonesia. The acquisitions consolidated Indorama Ventures (IVL) position in the two markets of East Europe and Southeast Asia with Polyethylene Terephthalate resin (PET) and Polyester Fibres and Yarns businesses.
2011	The company acquired Wellman International's recycling business in Europe from AURELIUS AG for long-term sustainability and to lower the Company's overall impact on the environment globally through the use of proven recycling technology and the potential for a technology transfer to the Company's Asian assets with a reduced learning curve.
2012	FiberVisions, a manufacturer of polyolefin staple fibers for nonwoven applications, was acquired by the company to enhance its specialized fiber business for hygiene products and other growing fiber applications.
2014	PHP Fibers GmbH, a producer of polyamide 66 industrial yarn for airbag application, tires, and MRG articles with manufacturing locations in Europe, the USA, and China, was acquired by the company to enhance the Company’s high-value add (HVA) product portfolio with the addition of high performance automotive and industrial products.
2014	The company acquired Artenius TurkPET, based in Adana, Turkey, to expand sales into a new geographical area and serve the domestic and regional markets.
2015	The company acquired Bangkok Polyester PCL, a significant exporter of PET to Japan, in Rayong, Thailand. The acquisition raised Indorama Ventures PET capacity share in Thailand from 43% to 58%.
2015	The company acquired the PTA business of CEPSA Chimie Montréal s.e.c in Montreal, Canada, from Cepsa Química SA, a wholly-owned affiliate of Cepsa, and IQ CHIMIE INC., a subsidiary of Investissement Québec. The 600,000-tonne PTA plant provides Indorama Ventures with feedstock security, enabling it to better serve its customers and enhance its leadership position in North America.
2015	Indorama Ventures acquired Cepsa Business in Guadarranque-San Roque, Cadiz, Spain. The new acquisition in Spain had 220,000 tonnes of PIA, 325,000 tonnes of PTA, and 175,000 tonnes of PET capacity.
2015	The company acquired Indian PET manufacturer Micro Polypet Private Limited in Panipat district, Haryana state, India, to extend its footprint and scale and enhance its relationship with the world’s fast-moving consumer goods brands.
2016	Dhunseri Petrochem Ltd joint ventured with IVL’s PET Company, Micro Polypet Private Limited, to extend its global market leadership position while accelerating profitable growth.
2017	The company acquired DuraFiber Technologies México Operations, S. A. DE C. V., a Mexican producer of durable technical textiles for industrial, tire reinforcement, and specialty applications globally, to pursue accretive growth opportunities in the automotive segment.
2017	The company acquired DuPont Teijin Films (DTF), a global producer of Biaxially Oriented Polyethylene Terephthalate (BOPET) and Polyethylene naphthalate (PEN) films with a total film/polymer capacity of 277,000 tonnes per annum. The DTF acquisition included eight production assets in the US, Europe, and China and a global innovation center in the UK.
2018	The company acquired Avgol Industries, a global manufacturer of nonwoven hygiene fabrics, to expand its positioning in the growing personal hygiene nonwoven segment.
2018	The company acquired Sorepla Industrie S.A., a plastics recycling facility in France, to expand its Polyethylene Terephthalate (PET) recycling capabilities.
2018	Indorama Ventures acquired Kordárna Plus A.S., the European producer of tire cord fabrics, to further expand the high-value-added automotive segment and establish itself as a significant global supplier to the fast-growing tire industry.
2019	The company acquired M&G Fibras Brasil in Cabo de Santo Agostinho, Brazil, to add fiber capacity and establish its presence.
2019	UTT Beteiligungsgesellschaft mbH, a German airbag yarn producer, was acquired by the company to become an integrated supplier of airbag yarns and textiles.
2019	The company acquired INVISTA Resins & Fibers GmbH, a specialty chemicals asset located in Gersthofen, Germany, to grow packaging and industrial fibers solutions.
2019	The company acquired Sinterama S.p., a global manufacturer of polyester automotive interiors and high-performance colored yarns for automotive and home applications.
2020	The company acquired Huntsman’s integrated oxides and derivative businesses, including a large flagship site on the US Gulf Coast (USGC) at Port Neches, Chocolate Bayou and Dayton in Texas, Ankleshwar in India, and Botany in Australia for $2 billion in cash.
2020	Indorama Ventures partnered with Coca-Cola Beverages Philippines (CCBPI) to establish PETValue, the largest bottle-to-bottle recycling facility in the Philippines.
2021	To increase PET recycling capacity, the company acquired CarbonLite Holdings’ facility in Texas, one of the largest producers of food-grade recycled pellets (Recycled Polyethylene Terephthalate or rPET) in the U.S.
2021	The company collaborated with the Office of Computer Services at Kasetsart University to make progress on the "KU Green Office" project. This environmentally friendly initiative continued for two consecutive years.
2021	Coca-Cola partnered with Indorama Ventures and Trash Lucky to provide PPE suits made from recycled PET plastic bottles in three southernmost provinces of Thailand, Pattani, Yala, and Narathiwat, to support medical personnel at the forefront of the COVID-19 pandemic response.
2022	The company acquired Brazil-based Oxiteno S.A. Indústria e Comércio, extending its growth profile into attractive surfactant markets.
2022	The company acquired Tollegno 1900 S.p. A's wool spinning businesses in Italy and Poland to sustain the growth of its Wool business.
2023	Indorama Ventures and Polymateria signed an exclusive partnership to enable hygiene customers to produce biodegradable wipes and masks through biotransformation technology.
2023	The company partnered with Evertis, a pioneer in sustainable PET barrier films, to produce PET film suitable for food packaging trays using flakes from recycled PET trays.
2023	AMB Spa, a European supplier of sustainable solutions for rigid and flexible food packaging markets, partnered with the company to produce film suitable for food packaging trays using flake from recycled PET trays.

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