Profile of Indorama Ventures (IVL): a Polyester Heavyweight Turned Environmental Steward

Indorama Ventures (IVL), headquartered in Bangkok, Thailand, is a global leader in the manufacture of fibres and petrochemical products. The company has grown rapidly since its establishment in 1994, and it now has a presence in 33 countries and operates 123 manufacturing facilities. The company is wholly vertically integrated and it splits its operations into six categories, namely feedstocks, fibres, packaging, polyethylene terephthalate (PET), recycled products and wool. In 2011 IVL made several strategic acquisitions which repositioned the company by providing it with a focus on environmental sustainability. Since then, it has recycled more than 58 bn post-consumer PET bottles. In 2018 the company accelerated its efforts to increase its environmental sustainability and pledged to contribute to the circular economy.

In 2019 it announced its Climate Strategy 2025 which sets out several commitments and environmental, social and governance (ESG) goals and was formulated to enable the company to align its operations with the global initiatives set out in the Paris Agreement. This report discusses the establishment of IVL, the diversity of the company's operations, and the strategic acquisitions it has made in order to establish itself as one of the industry's key players. Also, the report highlights the company's key products and markets, its product marketing strategies, and its efforts in relation to environmental sustainability and corporate social responsibility (CSR).