02.04.20
Indorama Ventures Public Company Limited (IVL) has announced its 2020-2023 Strategy at its Capital Markets Day. This strategy was presented and agreed at IVL’s Global Management Conference (GMC), which includes over 200 members of IVL’s global leadership team, and was held Jan. 30-31 in Bangkok, Thailand.
IVL’s time-tested approach has generated strong returns for stakeholders through both the peaks and valleys of the chemical cycle, the company says. IVL's 2023 strategy will focus on five pillars: Cost Transformation via Olympus, Asset Full Potential, Adjacency Growth, Recycling Leadership, and its People.
In combined PET, IVL aims to strengthen its cost advantage while also driving the circular economy for PET by building a leading recycling business. In Fibers, IVL is focused on operation efficiency, asset integration, and innovation to meet customer’s evolving needs, resulting in a business that delivers double-digit ROCE.
According to the company, its aggregated business continues to generate heathy operating cash flow, and it continues to focus on working capital while simultaneously deleveraging the balance sheet. Also, IVL continues to invest in its people, put in place organization and governance structures and HR processes to ensure it has a healthy IVL for the future.
Aloke Lohia, Group CEO of Indorama Ventures, says, “Going forward, IVL will continue to pursue our strategic themes, with the ambition of achieving double-digit ROCE, strong cash flows across the cycle and above average returns to shareholders. Historically, we have always remained strong through the peaks and troughs of the chemical cycle and expect to continue to outperform thanks to our highly experienced and professional management team.”
IVL’s time-tested approach has generated strong returns for stakeholders through both the peaks and valleys of the chemical cycle, the company says. IVL's 2023 strategy will focus on five pillars: Cost Transformation via Olympus, Asset Full Potential, Adjacency Growth, Recycling Leadership, and its People.
In combined PET, IVL aims to strengthen its cost advantage while also driving the circular economy for PET by building a leading recycling business. In Fibers, IVL is focused on operation efficiency, asset integration, and innovation to meet customer’s evolving needs, resulting in a business that delivers double-digit ROCE.
According to the company, its aggregated business continues to generate heathy operating cash flow, and it continues to focus on working capital while simultaneously deleveraging the balance sheet. Also, IVL continues to invest in its people, put in place organization and governance structures and HR processes to ensure it has a healthy IVL for the future.
Aloke Lohia, Group CEO of Indorama Ventures, says, “Going forward, IVL will continue to pursue our strategic themes, with the ambition of achieving double-digit ROCE, strong cash flows across the cycle and above average returns to shareholders. Historically, we have always remained strong through the peaks and troughs of the chemical cycle and expect to continue to outperform thanks to our highly experienced and professional management team.”