Asia300

Indorama Ventures Public Co. Ltd.

Thailand

  • 1m
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  • 1y
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Mar 23, 2017
Prev close: 34.75
Mar 23, 2017
Market cap:
Market cap(USD):
167,297.20M
4,826.87M
Shares: 4,814.30M

Currency in THB

Company profile

Market(Ticker): BKK(IVL)
Sector:
Industry:
Process Industries
Chemicals: Specialty
Full time employees: --

Business summary

Indorama Ventures Public Co. Ltd. is a holding company, which engages in the manufacture and trade of petrochemical products. It operates through the following segments: Polyethylene Teraphthalate ("PET"); Fiber and Yarns; and Feedstock. The PET segment produces plastic containers and food packaging. The Fiber and Yarns segment offers synthetic fibers and textile products. The Feedstock segment includes purified terephthalic acid, mono ethanol glycols, and by-products used in the manufacture of PET materials. The company was founded on February 21, 2003 and is headquartered in Bangkok, Thailand.

Company background

Thailand's Indorama Ventures is the world's largest producer of polyethylene terephthalate resin, the main material in PET bottles. It also produces polyester fibers and purified terephthalic acid, ingredients of polyfibers.

CEO Aloke Lohia, an Indian national, founded the company in 1994. It started business as the first worsted wool yarn producer in Thailand and entered the petrochemical business a year later, establishing a PET resin facility. Aloke started his career helping out his father's business, Indorama Synthetics, an Indonesian listed company that produces spun yarn and polyester. Aloke moved to Thailand in 1988 to start his own business. Although he named his company after his father's, the two enterprises are not financially connected.

Indorama Ventures' clients include a number of global beverage makers. It has expanded its production base network worldwide through acquisitions in the U.S., Europe and Africa. In 2014, the company announced two acquisitions in Turkey, a country it believes has advantages because of its easy access to Central Asia, Middle East, North Africa and Southern Europe.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 254,619.53M
Gross profit 35,049.72M
Operating income 15,041.33M
Income before tax 18,594.40M
Net income 15,147.10M
EBITDA 26,106.76M
Diluted EPS 3.15
Dividends per share 0.66
Total assets 261,728.01M
Total liabilities 184,787.15M
Total equity 74,181.30M
Operating cash flow 20,515.04M

Currency in THB

Revenue 7,216.98M
Gross profit 993.45M
Operating income 426.33M
Income before tax 527.04M
Net income 429.33M
EBITDA 739.97M
Diluted EPS 0.08
Dividends per share 0.01
Total assets 7,308.69M
Total liabilities 5,160.13M
Total equity 2,071.49M
Operating cash flow 581.48M

Currency in USD

Valuation measures

Dec 2016

PER 10.63
ROA 6.26%
ROE 21.77%
Operating margin 5.90%
Profit margin 5.94%

Key executive

  • Vice Chairman & Group Chief Executive Officer: Aloke Lohia
  • CFO, Executive Director, Head-Finance & Treasury: Sanjay Ahuja
  • Co-Secretary, VP & Head-Global Compliance: Souvik Roy Chowdhury
  • President-Purified Ethylene Oxide Business: Satyanarayan N. Mohta
  • Executive Director, CEO-PET & Feedstock Business: Dilip Kumar Agarwal

Share holders

  • Indorama Resources Ltd.(63.6%)
  • Bangkok Bank Public Co. Ltd.(4.7%)
  • LOHIA FAMILY(2.7%)
  • CHULANGKUL THAWEECHAT(1.3%)
  • GIC Pte Ltd. (Investment Management)(0.9%)
  • The Vanguard Group, Inc.(0.9%)
  • KAEWSAWANG WATCHARA(0.7%)
  • Government Pension Fund of Thailand(0.7%)
  • Dimensional Fund Advisors LP(0.4%)
  • Finansa Asset Management Ltd.(0.4%)

Address

  • Website: http://www.indoramaventures.com
  • Address: 37/F, 75/102 Ocean Tower II, Soi Sukhumvit 19, Asoke Road, Bangkok, 10110, Thailand
  • Phone: +66.2.661.6661

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