BANGKOK -- Thai petrochemical producer Indorama Ventures will pull back on acquisitions to focus on curbing debt, Group CEO Aloke Lohia told Nikkei, as the company grapples with growing competition from inexpensive Chinese products.
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Thai plastics maker Indorama shifts focus from M&A to reducing debt
Leading PET producer to boost capacity for recycled materials, CEO says
Indorama Ventures is the world's leading producer of PET, a plastic material commonly used for beverage bottles by the likes of Coca-Cola and Pepsi. (Indorama Ventures)
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