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Indorama becomes the number 1 PET
Preview: One after the Thai Indorama bought three plants in November of polyethylene terephthalate (PET), with a total capacity of 1.4 million tonnes. His division Indorama Ventures, dedicated PET, now boasts the leading producer worldwide with an annual capacity of nearly 3 million tons. Indorama originally acquired from Invista units fibers and resins in Spartanburg (South Carolina), United States, and Queretaro, Mexico.

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The European acquisitions and increases in margins has encouraged a record net profit 1,588 million baht in the first half of 2008

BANGKOK, August 14 Polyester Demand continues to grow in all regions, taking advantage of this basic material industry, IVL continues its strategy to carve out a leading position in the value chain of the polyester including the PTA, polyester and PET. In line with its vision to occupy a leading role within the industry, IVL is in talks to merge its activities with the largest group of polyester in Europe, La Seda de Barcelona, ??publicly traded Spanish . Mr. S. P. Lohia said:

The merger activities Indorama and La Seda will create a world class company in this industry otherwise fragmented where the cost of petrochemical feedstocks reduces margins, making them fragile, and it is that 'with differentiation, the scope of their activities and their effectiveness that companies can provide a suitable return on capital. Mr Lohia said: The strength of Indorama in operational management, differentiated quality of its assets, and the scope of activities and product portfolio of La Seda are all factors that, taken together have the potential to create a solid and sustainable business will serve its stakeholders in a rewarding and above average.


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Indorama Polymers PCL (IRP), a subsidiary of IVL, posted excellent results in the high growth sector of the PET polymers and demonstrated his ability to lead a worldwide organization based on low cost acquisitions of assets formerly displaying unsatisfactory performance as well as its competitive organic expansions have helped the company increase its profit margin in 2008.

The volume of sales in the first half of 2008 increased 58%. It's the same for income showed an increase of 78% and net profits have increased by 210%. This high growth is the result of the successful implementation of various growth initiatives, including recent acquisitions in Europe and management efforts focus on efficient operations and cost optimization.

PIT revenue was a record 593.4 million dollars (19,215 million baht) compared to $ 332.8 million (11,697 million baht) in the first half of 2007 due to growth of 58% of sales volumes. The consolidated net profit after tax of $ 49.0 million (1588 million baht), compared with $ 15.8 million (509 million baht) in the first half of 2007, is the result of higher margins and an increase in the value of $ 28.7 million (930 million baht) for low cost acquisition of assets in Europe.

The results of IRP in the first half were adequately supported by record quarterly revenues of $ 373.8 million (12,085 million baht) compared to $ 172.5 million (5994 million baht) in the second quarter of 2007, and this, due to the 90% growth in sales volumes. The consolidated quarterly net profit after tax of $ 13.3 million (429 million baht), compared with $ 9.8 million (302 million baht) in the first half of 2007, is the result of higher margins .


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IVL is delighted with the results obtained qu'IRP the first semester in the context of current global situation, and congratulated for his vision and leadership:

- Its ability to improve the gaps and to endure the rising cost
caused by record high prices of crude in the second quarter of
2008

- To view a successful growth by making acquisitions
thoughtful and implementing expansions and Greenfield
Brownfield that differentiate the group of his peers. The next
differentiation of the IRP group should come from the startup sound
Installation of polyethylene terephthalate (PET) co-located in
Alabama, United States in 2009 will use the latest technology
MTR peak

- To increase its market share and volumes have increased its
sales by 58% over a period of lower growth of GDP
thereby increasing IRP ranked 4th worldwide.

IVL is a private company incorporated in Thailand. IVL has major interests in the Polyester value chain consisting of a partnership PTA, polyester and PET. IVL does not disclose its financial information to the public but only those of its publicly traded subsidiary - IRP.

IRP (http://www.indoramapolymers.com), a company listed on the Stock Exchange of Thailand operates internationally and is the fourth largest producer of polyethylene terephthalate in the world, packing materials used for drinks and foods that is growing at a robust rate of 8%.

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The German Trevira, manufacturer of synthetic fibers for clothing, furniture and automobiles, passes into the hands of two new industry: the Thai and Italian Sinterama Indorama. Trevira will continue to operate independently with its current resources.

The manufacturer of polyester-based son, Trevira, after crossing in 2009 bankruptcy proceedings - after a passage in the lap of the Indian Reliance Group - found that investors had been looking for her restructuring.
There are two other manufacturers, the Thai Indorama Ventures, also known under the name of IVL, which was signed February 4, 2011 with Sinterama, Trevira European competitor based in Biella, Italy.
Brought together in a joint venture created specially for the occasion, the two new owners split their shares in Trevira GmbH to 75% for VILI, and 25% for Sinterama. The agreement to let Trevira operate independently.
"Last year, we provided the financial base for the new truce, continued restructuring as planned and completed the year 2010 on a better outcome, traces Werner Schneider, the deputy head of Trevira. The union of a weaver at the European global positioning with the world's largest manufacturer of polyester Trevira now offers a sustainable and safe, "he says in a statement. Trevira, which employs nearly 1,400 people and has production facilities in Bavaria and Poland also has its own laboratory research and development in polymers and fibers. "This acquisition gives us the best European brands of synthetic fibers and son," says Aloke Lohia, CEO of IVL.

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