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00 am Indorama Ventures will open a plant in Rayong for fibre and yarn made from a special polyester in the second quarter of 2015. Aloke Lohia, CEO of the global polyester manufacturer, said the company's board yesterday approved a 50:50 joint
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Stripping out extraordinary items, the 4Q12 core operation would have reported a core loss of Bt755m, deeper than the 4Q11 core loss and a reversal from a core profit in 3Q12. The result was somewhat below our estimate and the consensus, due to
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Stripping out an FX gain of Bt44m, a gain on the bargain purchase of PT Indorama Polypet Indonesia of Bt121m, an inventory gain of Bt377m and a Bt539m insurance payout for the 4Q11 flooding of its Lopburi complex, 3Q12 core earnings would be Bt485m,
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Inventory gain is expected at B939m in this quarter, compared with the loss of B1.4bn in 2Q12, thanking to a rise in selling price of all IVL products following increasing global crude oil price. There would be recognition of insurance compensation
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If there were incipient signs of a sustainable recovery in the global economyChina in particularwe would expect spreads to rally and the share price to re-rate. The current stock price implies a forward PEG ratio of 1.0x and a forward PBV/ROE ratio
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O Indorama Indorama has great aspirations, says CEO Nophakhun Limsamarnphun The Nation September 14, 2012 1:00 am Aloke Lohia, chief executive officer of Bangkok-based Indorama Ventures, one of the SET-50 companies on the Stock Exchange of Thailand,
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Its business has not been hurt by the euro debt crisis and global economic slowdown, as most of its products are used in the making of consumer goods and especially their packaging, which is not sensitive to economies' performance. "The company has
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The Consumer Products Division of Old World Industries will continue to operate as a privately held corporation out of Northbrook. Diesel Exhaust Fluid, and heavy duty coolants Fleet Charge and Final Charge, will continue to be part of Old World with
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Thailand's retail banking business, including credit cards, personal loans, mortgages and deposits. The acquisition, subject to conditions including shareholder and regulatory approvals, represents an investment of Bt3.55 billion...After this
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FiberVision has total capacity of 221k tons, of which 117k tons is in US, 90k tons in Europe, and 14k tons in China. FiberVision generates sales volume of US$400-500m in 2011 with estimated profit of US$15m. IVL has already obtained anti-trust
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