Company description
Indorama Ventures (IVL) (INDOY) is the world's leading integrated polyester producer with a capacity of 12.1MT for combined PET. IVL today operates 119 manufacturing facilities with a presence in 33 countries. IVL classifies its portfolio into three broad categories: Combined PET (72% of capacity), Fiber (12%), and Integrated Oxides (17%). Customers are large global firms in the FMCG, textile and automotive industries such as Coca-Cola (KO), Pepsi (PEP), Zara, Nestle (NSRGY), BMW (BMWYY) and adidas (ADDYY). IVL has long-term volume contracts of 1-3 years with its customers, with prices adjusted monthly according to