Indorama Ventures has record output, net profit up 57% in Q3
The company’s core earnings before interest, taxes, depreciation and amortization (EBITDA) was up 16% on the year to THB7.5 billion ($213 million) in the July-September period thanks to increased integration and strategic expansions.
Indorama’s global petrochemicals production reached a record at 2.4 million tons in the July-September period, up 22% from a year earlier due to improved integration of feedstock production while PET production also rose 13% to 990,000 tons in the third quarter when compared to 987,000 tons in the previous quarter owing to higher utilization rates.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PP and PE markets set to rebound from two-year lows in Europe
- PET sellers hunt for signs of market bottom in Europe
- India’s import PP, PE markets rebound in Jan after several months of declines
- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey
- China’s import PP markets climb to 6-month highs prior to Lunar New Year
- Weak activities press import PE, PP suppliers for discounts in Egypt
- Price erosion continues inside Middle Eastern polyolefins markets