Fibres group Indorama Ventures has announced a departure from a previous strategy to achieve growth primarily through mergers and acquisitions.

At a capital markets day in Bangkok on March 5, Indorama chief executive, Aloke Lohia (pictured) said the group had decided to build growth through strategic partnerships instead.

He told an audience of analysts and investors that this new approach was already taking shape.

He said: “We have already switched from our previous M&A-led mindset to new settings that suit the changed business landscape, and which also suit our company in a new phase in its lifecycle.” 

Growth will come from building “close-knit, complementary partnerships with major peer companies”, Mr Aloke explained. 

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