Indorama’s revenue exceeded $10 billion in 2018 - sportstextiles: Lea SportsTextiles

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Indorama’s revenue exceeded $10 billion in 2018

27/02/2019
Polymer, fibre and chemicals manufacturing group Indorama has reported revenue of $10.7 billion in 2018, an increase of 27% compared to the previous year.

Its net profit on this revenue was $819 million, up 33% year-on-year. 

The company explained that this was its best ever full-year performance, pointing to strength in every segment and across every region. It added, however, that a “seasonally weak” fourth quarter was the result of unplanned shutdowns of its PTA/PET business in the Netherlands and Poland. These operations have since resumed. 

Discussing the results, Aloke Lohia, Indorama CEO, said: “We again delivered what we promised, and achieved a great set of results, while maintaining a high level of capital strength. We reached the highest-ever growth in our company’s history.”

He added that the company has made 12 new acquisitions and agreed three joint ventures, which he said will “continue to fuel our growth trajectory”.

Related stories:

Indorama launches new line of recycled PET products 14/05/2019
Indorama takes a stake in Indian fibre manufacturer 04/04/2019
Indorama puts another piece in the jigsaw in Brazil 25/02/2019
Indorama celebrates recognition from the Carbon Disclosure Project 29/01/2019
Indorama steps up its US acquisition efforts 03/01/2019
Invista sells resins and fibres business to Indorama 20/12/2018
Indorama’s sustainability report is the pick of the bunch 13/12/2018
Indorama expects to thrive in difficult environment 09/11/2018
Indorama expands its presence in Brazil 05/11/2018
Indorama commits to “new plastic economy” initiatives 01/11/2018
Indorama makes European worsted wool yarn acquisition 04/10/2018
Indorama in new polyester recycling joint-venture 25/09/2018
Indorama vice-president takes part in next-generation leaders event 07/09/2018
Indorama to pursue further acquisitions after strong H1 10/08/2018
Indorama acquires French PET recycling plant 03/08/2018
Indorama acquires PET plant in Egypt 26/06/2018

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