Indorama expects to thrive in difficult environment
09/11/2018
Earnings on these revenues were $409 million, up 40% year-on-year.
Indorama said on announcing these results that it was pursuing its strategy to drive sustainable and profitable growth of its high-volume ‘Necessities’ business and of its high-margin HVA business. It added that over recent quarters it has expanded its geographical footprint and has strengthened its presence in key markets.
Aloke Lohia, CEO of Indorama Ventures, said: “IVL is strongly suited for today’s business environment with operations in 30 countries globally that largely address their domestic markets and should remain fairly immune to the ups and downs of international trade. We are well-positioned to benefit from margin and volume expansion in 2018 and 2019 due to this unique, global portfolio of assets across the value chain.”
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